Nepal Bangladesh Bank's net profit reaches near Rs 1 billion in Q2; EPS and PE stands at Rs 22.16 and 12.73 times
Tue, Jan 26, 2021 5:02 AM on Financial Analysis, Company Analysis, Latest,
Nepal Bangladesh Bank Limited (NBB) has published its second-quarter report for the FY 2077/78 with a rise in net profit by 16.52%.
The bank’s profit has increased from Rs 80.77 crore in the second quarter of the fiscal year 2076/77 to Rs 94.12 crore in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 46.07 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 5.50% (compared to the immediate previous year ending) to Rs 70.09 arba and loans and advances to customers have increased by 3.08% (compared to the immediate previous year ending) to Rs 60.92 arba in the second quarter. The net interest income of the bank has decreased by 8.01% to Rs 1.24 arba from Rs 1.35 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 8.49 arba with Rs 5.56 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 2.37% from 1.92%.
In the second quarter, the annualized EPS of the bank stands at Rs 22.16. The net worth per share stands at Rs 165.50 and the qtr end PE ratio stands at 12.73 times.
The 361st meeting of the board of directors held on Mangsir 15 has proposed 6% bonus shares and 2.42% cash dividend for the fiscal year 2076/77 which is yet to be adjusted in the quarterly report.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Nepal Bangladesh Bank |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
8,495,814 |
8,495,814 |
0.00% |
|
Share Premium* |
0 |
0 |
|
|
Retained Earnings* |
1,095,468 |
841,639 |
30.16% |
|
Reserves* |
4,469,569 |
3,759,221 |
18.90% |
|
Deposits from Customers* |
70,089,799 |
66,435,054 |
5.50% |
|
Loans & Advances to customers* |
60,926,768 |
59,108,538 |
3.08% |
|
Net Interest Income |
1,246,666 |
1,355,242 |
-8.01% |
|
Impairment Charge/(Reversal) |
-161,136 |
98,086 |
0.00% |
|
Personnel Expenses |
569,991 |
532,256 |
7.09% |
|
Operating Profit |
1,339,053 |
1,126,294 |
18.89% |
|
Profit/(Loss) for the Year |
941,256 |
807,778 |
16.52% |
|
Total Comprehensive Income |
1,172,972 |
800,739 |
46.49% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
460,774 |
|
|
|
Capital Adequacy Ratio (CAR) |
14.17 |
12.95 |
9.42% |
|
NPL |
2.37 |
1.92 |
23.44% |
|
CCD (as per NRB Directives) |
71.32 |
72.95 |
-2.23% |
|
Cost of Fund (%) |
5.87 |
7.36 |
-20.24% |
|
Interest Rate Spread (%) |
4.19 |
4.8 |
-12.71% |
|
Base Rate (%) |
8 |
9.92 |
-19.35% |
|
Annualized EPS (In Rs.) |
22.16 |
19.02 |
16.52% |
|
Net Worth per Share (In Rs.) |
165.50 |
154.15 |
7.36% |
|
Qtr End PE Ratio (times) |
12.73 |
- |
- |
|
Qtr End Market Price |
282 |
- |
- |
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