Nepal Bangladesh Bank profit rises by 41.90% in Q1; annualized EPS stands at Rs 26.89 with PE of 8.03 times
Fri, Nov 13, 2020 4:34 AM on Company Analysis, Latest,
Nepal Bangladesh Bank Limited (NBB) has published its first-quarter report for the FY 2077/2078 with an outstanding increase in Net Profit by 41.90%. The bank's net profit has increased from Rs. 40.25 crore in the first quarter of FY 2076/2077 to Rs. 57.11 crore in the first quarter of FY 2077/2078.
The bank’s deposit from customers increased by 3.19% to Rs. 68.55 arba (compared to immediate previous year ending) whereas loans and advances to customers increased by 0.70% to Rs. 59.44 arba (compared to the immediate previous year ending) till the first quarter. The Net Interest Income (core business income) of the bank has decreased by 7.44% to Rs. 69.22 crore compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 8.49 Arba with Rs. 5.31 Arba in Reserve and surplus. The Non-performing loan (NPL) has increased to 2.39% from 1.97% in the corresponding quarter.
The annualized earnings per share (EPS) of the Bank stood at Rs. 26.89 and Net worth per share stood at Rs. 162.51. The company traded at a P/E multiple of 8.03 times.
Major Highlights:
* 2076/77 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Nepal Bangladesh Bank |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
8,495,814 |
8,495,814 |
0.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
773,031 |
714,105 |
8.25% |
|
Reserves* |
4,537,640 |
3,911,811 |
16.00% |
|
Deposits from Customers* |
68,557,583 |
66,435,054 |
3.19% |
|
Loans & Advances to customers* |
59,446,516 |
59,031,466 |
0.70% |
|
Net Interest Income |
692,245 |
747,905 |
-7.44% |
|
Impairment Charge/(Reversal) |
-190,760 |
81,836 |
0.00% |
|
Personnel Expenses |
297,453 |
262,221 |
13.44% |
|
Operating Profit |
780,373 |
559,415 |
39.50% |
|
Profit/(Loss) for the Year |
571,181 |
402,521 |
41.90% |
|
Total Comprehensive Income |
586,169 |
376,776 |
55.58% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
58,926 |
|
|
|
Capital Adequacy Ratio (CAR) |
13.80 |
13.44 |
2.68% |
|
NPL |
2.39 |
1.97 |
21.32% |
|
CCD (as per NRB Directives) |
70.89 |
75.73 |
-6.39% |
|
Cost of Fund (%) |
6.16 |
7.29 |
-15.50% |
|
Interest Rate Spread (%) |
4.17 |
4.88 |
-14.55% |
|
Base Rate (%) |
8.13 |
9.87 |
-17.63% |
|
Annualized EPS (In Rs.) |
26.89 |
18.95 |
41.90% |
|
Net Worth per Share (In Rs.) |
162.51 |
154.45 |
5.22% |
|
Qtr End PE Ratio (times) |
8.03 |
- |
- |
|
Qtr End Market Price |
216 |
- |
- |
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