Nabil Bank's Q4 After Successful Acquisition of NBB - Net Profit Rises to Rs 4.97 Arba; Distributable Profit Stands at Massive Rs 9.12 Arba
Fri, Aug 5, 2022 8:04 AM on Financial Analysis, Latest,
Nabil Bank Limited (NABIL) has published a fourth-quarter report for FY 2078/79 after the successful acquisition of Nepal Bangladesh Bank with 9.83% growth in net profit.
The bank’s profit has increased from Rs. 4.52 arba in the fourth quarter of the fiscal year 2077/78 to Rs 4.97 arba in the fourth quarter of the fiscal year 2078/79.
In the same quarter, the bank has Rs 9.12 Arba (Including Rs 5.74 Arba as Capital Adjustment Reserve from Business Combination) as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.
The existing capital adequacy of Nabil Bank is 13.44% and the Credit to Deposit (CD) ratio of the bank is 89.79 for the fiscal end of 78/79.
The bank has deposits from customers of Rs 3.26 Kharba and loans and advances to customers stand at Rs 3.01 Kharba until the fourth quarter. The net interest income of the bank has increased by 16.79% to Rs 9.43 Arba from Rs 8.07 arba in the corresponding quarter.
The bank’s paid-up capital stands at Rs 22.83 Arba with Rs 29.75 Arba as its reserve and surplus.
In the fourth quarter, the EPS of the bank stands at Rs 21.78. The net worth per share stands at Rs 230.30 and PE ratio stands at 37.83 times.
Nabil Bank begins joint transaction after acquiring NB Bank
Details Regarding The Press Release Of Nabil Bank’s Proposed Acquisition Of Nepal Bangladesh Bank
Major Highlights of the NABIL-NBB Acquisition
| Particulars (In Rs '000") | Nabil Bank | |||
| Q4 2078/79 | Q4 2077/78 | Difference | ||
| Share Capital | 22,832,909 | 13,844,451 | 64.92% | |
|
0 | 0 | ||
| Retained Earnings | 3,371,422 | 4,162,929 | -19.01% | |
| Reserves | 26,379,186 | 15,691,967 | 68.11% | |
| Deposits from Customers | 326,222,310 | 223,474,470 | 45.98% | |
| Loans & Advances to customers | 301,073,089 | 198,021,418 | 52.04% | |
| Net Interest Income | 9,431,981 | 8,075,885 | 16.79% | |
| Impairment Charge/(Reversal) | 703,578 | 827,522 | -14.98% | |
| Personnel Expenses | 2,725,614 | 3,411,785 | -20.11% | |
| Operating Profit | 7,096,342 | 6,226,023 | 13.98% | |
| Profit/(Loss) for the Year | 4,972,756 | 4,527,553 | 9.83% | |
| Total Comprehensive Income | 3,677,815 | 6,638,867 | -44.60% | |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 9,120,100 | |||
| Capital Adequacy Ratio (CAR) | 13.44 | 12.77 | 5.25% | |
| NPL | 1.54 | 0.84 | 83.33% | |
| CD (as per NRB Directives) | 89.79 | 79.22 | 13.34% | |
| Cost of Fund (%) | 7.17 | 4.41 | 62.59% | |
| Interest Rate Spread (%) | 4.22 | 3.79 | 11.35% | |
| Base Rate (%) | 8.77 | 5.86 | 49.66% | |
| EPS (In Rs.) | 21.78 | 32.70 | -33.40% | |
| Net Worth per Share (In Rs.) | 230.30 | 243.41 | -5.39% | |
| Qtr End PE Ratio (times) | 37.83 | - | - | |
| Qtr End Market Price | 824 | - | - | |
