Nepal Bangladesh Bank Q2 financials remain stagnant with meager 1.82% growth in profit; FY 2075/76 bonus shares yet to be adjusted
Wed, Feb 5, 2020 8:51 AM on Financial Analysis,
Nepal Bangladesh Bank Limited (NBB) has reports a meager 1.82% rise in net profit in the second quarter for the fiscal year 2076/77. The bank’s net profit has increased from Rs 79.33 crore in the second quarter of the fiscal year 2075/76 to Rs 80.77 crore in the second quarter of the current fiscal year. In the second quarter of the FY 2076/77, the bank has Rs 43.81 Crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit from customers increased by 5.62% (compared to immediate previous year ending) to Rs 63.12 arba and loans and advances have also increased by 10.31% (compared to immediate previous year ending) to Rs 57.93 arba till the second quarter.
The net interest income of the bank has decreased by 2.96% to Rs 1.35 arba from Rs 1.39 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.08 arba with Rs 4.56 arba as its reserve. The Non-Performing Loan (NPL) has increased to 1.92% from 1.78%.
In the second quarter, the annualized EPS of the bank stands at Rs 19.97. The net worth per share stands at Rs 156.42 and quarter end PE ratio was reported at 10.16 times.
Nepal Bangladesh Bank announces 12% dividend including 5% bonus; capital to reach Rs 8.48 arba after bonus adjustment. The announced dividend is already endorsed by its AGM but still remains to be adjusted on published Q2 report.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Nepal Bangladesh Bank |
||
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Paid Up Capital* |
8,088,299 |
8,088,299 |
0.00% |
|
Share Premium* |
|
|
|
|
Retained Earnings* |
881,828 |
1,009,876 |
-12.68% |
|
Reserves* |
3,681,377 |
3,318,769 |
10.93% |
|
Deposits from Customers* |
63,124,367 |
59,764,707 |
5.62% |
|
Loans & Advances to Customers* |
57,934,653 |
52,519,197 |
10.31% |
|
Net Interest Income |
1,355,215 |
1,396,542 |
-2.96% |
|
Fee and Commission Income |
557,392 |
299,443 |
86.14% |
|
Impairment Charge/(Reversal) |
-98,086 |
-216,738 |
- |
|
Personnel Expenses |
532,256 |
456,338 |
16.64% |
|
Operating Profit |
1,126,294 |
1,051,705 |
7.09% |
|
Non-Operating Income |
11,308 |
6,353 |
77.99% |
|
Profit/(Loss) for the Year |
807,778 |
793,309 |
1.82% |
|
Total Comprehensive Income |
800,739 |
747,198 |
7.17% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
438,132 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
12.95 |
12.35 |
4.86% |
|
NPL |
1.92 |
1.78 |
7.87% |
|
CCD (as per NRB Directives) |
72.95 |
77.29 |
-5.62% |
|
Cost of Fund (%) |
7.36 |
7.58 |
-2.90% |
|
Base Rate (%) |
9.92 |
10.82 |
-8.32% |
|
Annualized EPS (In Rs.) |
19.97 |
19.62 |
1.82% |
|
Net Worth per Share (In Rs.) |
156.42 |
153.52 |
1.89% |
|
Qtr End PE Ratio (times) |
10.16 |
- |
- |
|
Qtr End Market Price* |
203 |
- |
- |
|
Price to Book (PB Ratio) |
1.30 |
- |
- |
