NB Bank earned Rs 79.27 crore in 71/72 FY, NPL dip down to 1.32%, EPS Rs 33
Thu, Aug 6, 2015 12:00 AM on Others,
ShareSansar, August 6:
Profit of Nepal Bangladesh Bank Limited (NBB) has increased slightly in the last fiscal year 2071/72 as compared to the previous fiscal year 2070/71.
The bank posted a meager profit rise of 6.79 percent in the fourth quarter of the last fiscal year 2071/72.
According to the fourth quarterly unaudited financial statement published by the bank today, the net profit of the bank inched up to Rs 79.27 crore, up by only Rs 5 crore as compared to the corresponding period of the previous year.
It has mobilized Rs 33.83 arab in deposits and extended Rs 25.82 arab in loans and advances last year, compared to the mobilization of Rs 25.70 arba on deposit and Rs 19.05 arba on loans in previous year.
Bank’s net interest income stands at Rs 1.09 arba whereas in corresponding quarter of fiscal year 2070/71 it was 85.25 crore.
The bank has also provisioned Rs 7.75 crore in last fiscal year for the possible loss. Such provisioning amount in the previous fiscal year was Rs 8.41crore.
The bank has also been able to write back 11.38 crore in last fiscal year, slightly up from Rs 8.16 crore in the previous year.
Non-performing loan (NPL) slightly decreased to 1.32 percent last year from 1.35 percent in corresponding quarter of fiscal year 2070/71.
The net interest spread (difference in borrowing and lending rate) of the bank was 4.43 percent.The bank’s cost of fund is at 4.58 percent and Base rate at 7.97 percent, CD ratio stands at 69.14 percent.
Its EPS (annualized) now stands at Rs 33, P/E ratio at 15.64times and net worth per share stands at Rs 202. Capital adequacy ratio is at comfortably 11.36%.
The Bank has a paid up capital of Rs 2.43 arba and a Reserve of Rs 2.47 arba.
NB Bank shall distribute 25% bonus shares to increase its paid up capital to meet the NRB directive of Rs 8 billion by Asad, 2074.
The bank has been providing 20 plus dividend to its shareholders since last two years.
IFIC Bank Limited of Bangladesh is the major promoter holding 42% stake in the bank. Promoter public share structure stands at 51: 49 ratio of the bank.
| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 2,431,369.00 | 2,431,369.00 | 0.00% |
| Reserve (Rs.) | 2,471,648.00 | 2,191,949.00 | 12.76% |
| Deposits (Rs.) | 33,832,696.00 | 25,706,916.00 | 31.61% |
| Loans and Adv. (Rs.) | 25,823,846.00 | 19,051,314.00 | 35.55% |
| Net Interest Income (Rs.) | 1,090,235.00 | 852,526.00 | 27.88% |
| Provision for Possible Losses (Rs.) | 77,595.00 | 84,137.00 | - |
| Operating Profit (Rs.) | 1,039,831.00 | 762,422.00 | 36.39% |
| Write Back (Rs.) | 113,811.00 | 81,627.00 | - |
| Net Profit (Rs.) | 792,778.00 | 742,342.00 | 6.79% |
| Capital Adequacy Ratio (%) | 11.36 | 11.44 | -0.70% |
| Non-Performing Loan (%) | 1.32 | 1.35 | - |
| Cost of Funds (as per NRB) (%) | 4.58 | 4.48 | - |
| Base Rate (%) | 7.97 | 8.14 | - |
| Interest Spread (%) | 4.43 | 4.32 | - |
| Earning Per Share (Rs.) | 33.00 | 35.00 | -5.71% |
| P/E Ratio (Times) | 15.64 | 20 | - |
| Net Worth per Share (Rs.) | 202.00 | 169 | - |
