Nepal Bangladesh Bank publishes impressive Q4 report: profit rises by 84.17%; distributable profit stands at Rs 1.47 arba
Sun, Aug 8, 2021 4:51 AM on Financial Analysis, Stock Market, Latest,
Nepal Bangladesh Bank Limited (NBB) has published its fourth-quarter report for the FY 2077/78 with an outstanding rise in net profit by 84.17%.
The bank’s profit has increased from Rs 1.24 arba in the fourth quarter of the fiscal year 2076/77 to Rs 2.29 arba in the fourth quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 1.47 arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers increased by 31.15% to Rs 87.12 arba and loans and advances to customers increased by 15.86% to Rs 68.48 arba till the fourth quarter. The net interest income of the bank has decreased by 7.50% to Rs 2.63 arba from Rs 2.84 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 9 arba with Rs 6.36 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 1.55% from 2.89%. The bank's cost of fund stands at 5.49% and base rate is at 7.41%.
In the fourth quarter, the EPS of the bank stands at Rs 25.46. The net worth per share stands at Rs 170.65 and the qtr end PE ratio stands at 17.13 times.
Financial Highlights:
| Particulars (In Rs '000") | Nepal Bangladesh Bank | ||
|---|---|---|---|
| Q4 2077/78 | Q4 2076/77 | Difference | |
| Share Capital | 9,004,821 | 8,495,814 | 5.99% |
| Share Premium | 102 | 0 | |
| Retained Earnings | 1,596,238 | 841,639 | 89.66% |
| Reserves | 4,765,307 | 3,759,221 | 26.76% |
| Deposits from Customers | 87,127,871 | 66,435,054 | 31.15% |
| Loans & Advances to customers | 68,484,959 | 59,108,538 | 15.86% |
| Net Interest Income | 2,631,275 | 2,844,766 | -7.50% |
| Other Operating Income | 284,412 | 50,705 | 460.91% |
| Impairment Charge/(Reversal) | -271,508 | 801,536 | -133.87% |
| Personnel Expenses | 1,227,505 | 1,024,466 | 19.82% |
| Operating Profit | 3,208,922 | 1,837,076 | 74.68% |
| Non Operating Income | 54,417 | 4,281 | 1171.22% |
| Profit/(Loss) for the Year | 2,292,593 | 1,244,847 | 84.17% |
| Total Comprehensive Income | 2,481,564 | 1,262,373 | 96.58% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,475,284 | ||
| Capital Adequacy Ratio (CAR) | 13.94 | 13.59 | 2.58% |
| NPL | 1.55 | 2.89 | -46.37% |
| CCD (as per NRB Directives) | 67.37 | 69.71 | -3.36% |
| Cost of Fund (%) | 5.49 | 6.37 | -13.81% |
| Interest Rate Spread (%) | 3.55 | 4.32 | -17.82% |
| Base Rate (%) | 7.41 | 8.62 | -14.04% |
| EPS (In Rs.) | 25.46 | 14.65 | 73.76% |
| Net Worth per Share (In Rs.) | 170.65 | 154.15 | 10.70% |
| Qtr End PE Ratio (times) | 17.13 | - | - |
| Qtr End Market Price | 436 | - | - |
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