Nepal Bangladesh Bank publishes excellent Q3 report: profit rises by 63.02%; distributable profit stands at Rs 98.32 crore
Tue, Apr 27, 2021 4:46 AM on Financial Analysis, Latest,
Nepal Bangladesh Bank Limited (NBB) has published its third-quarter report for the FY 2077/78 with an outstanding rise in net profit by 63.02%.
The bank’s profit has increased from Rs 1 arba in the third quarter of the fiscal year 2076/77 to Rs 1.63 arba in the third quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 98.32 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers increased by 10.32% (compared to the immediate previous year ending) to Rs 73.29 arba and loans and advances to customers increased by 12.12% (compared to the immediate previous year ending) to Rs 66.27 arba in the third quarter. The net interest income of the bank has decreased by 7.35% to Rs 1.98 arba from Rs 2.14 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 9 arba with Rs 5.89 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 1.91% from 2.76%.
In the third quarter, the annualized EPS of the bank stands at Rs 24.26. The net worth per share stands at Rs 165.46 and the qtr end PE ratio stands at 16.16 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs '000") | Nepal Bangladesh Bank | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Share Capital* | 9,004,821 | 8,495,814 | 5.99% |
| Share Premium* | 0 | 0 | |
| Retained Earnings* | 1,110,859 | 841,639 | 31.99% |
| Reserves* | 4,783,925 | 3,759,221 | 27.26% |
| Deposits from Customers* | 73,291,057 | 66,435,054 | 10.32% |
| Loans & Advances to customers* | 66,271,809 | 59,108,538 | 12.12% |
| Net Interest Income | 1,983,597 | 2,141,053 | -7.35% |
| Other Operating Income | 192,441 | 31,316 | 514.50% |
| Impairment Charge/(Reversal) | -347,352 | 415,548 | 0.00% |
| Personnel Expenses | 920,795 | 791,125 | 16.39% |
| Operating Profit | 2,288,535 | 1,463,209 | 56.41% |
| Profit/(Loss) for the Year | 1,638,410 | 1,005,010 | 63.02% |
| Total Comprehensive Income | 2,009,859 | 998,857 | 101.22% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 983,229 | ||
| Capital Adequacy Ratio (CAR) | 13.77 | 12.88 | 6.91% |
| NPL | 1.91 | 2.76 | -30.80% |
| CCD (as per NRB Directives) | 75.9 | 75.03 | 1.16% |
| Cost of Fund (%) | 5.47 | 7.32 | -25.27% |
| Interest Rate Spread (%) | 4.15 | 4.88 | -14.96% |
| Base Rate (%) | 7.56 | 9.89 | -23.56% |
| Annualized EPS (In Rs.) | 24.26 | 15.77 | 53.81% |
| Net Worth per Share (In Rs.) | 165.46 | 154.15 | 7.34% |
| Qtr End PE Ratio (times) | 16.16 | - | - |
| Qtr End Market Price | 392 | - | - |
