Nepal Bank earns Rs 1.35 arba till Q2 with 18.60% decline; has Rs 68.37 crore as distributable profit
Tue, Jan 28, 2020 9:31 AM on Financial Analysis, Stock Market, Latest,
Nepal Bank Limited (NBL) has published its second quarter report for the FY 2076/77 with fall in net profit by 18.60%.
The bank’s profit has decline from Rs 1.66 arba in the second quarter of the fiscal year 2075/76 to Rs 1.35 arba in the second quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 68.37 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has decline by 0.07% to Rs 1.17 kharba and loans and advances to customers increased by 6.53% to Rs 98.45 arba till the second quarter. The net interest income of the bank has decreased by 13.33% to Rs 2.74 arba from Rs 3.16 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 9.81 arba with Rs 19.38 arba as its reserve and surplus. The Non-Performing Loan (NPL) remains at 2.66%.
Nepal Bank Limited AGM has already endorsed 15% bonus shares and 10% cash dividend for last FY 2075/76 which is yet to be adjusted in published Q2 report.
In the second quarter, the annualized EPS of the bank stands at Rs 27.57. The net worth per share stands at Rs 297.55 and qtr end PE ratio stands at 10.05 times.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q2 end paid up capital.
|
Particulars (In Rs '000) |
Nepal Bank |
||
|---|---|---|---|
|
Q2 2076/77 |
Q2 2075/76 |
Difference |
|
|
Share Capital* |
9,811,148 |
9,811,148 |
0.00% |
|
Share Premium* |
3,262,811 |
3,262,811 |
|
|
Retained Earnings* |
2,598,297 |
2,895,693 |
-10.27% |
|
Reserves* |
13,521,116 |
13,311,685 |
1.57% |
|
Deposits from Customers* |
117,122,879 |
117,200,789 |
-0.07% |
|
Loans & Advances to customers* |
98,459,683 |
92,421,637 |
6.53% |
|
Net Interest Income |
2,745,080 |
3,167,249 |
-13.33% |
|
Impairment Charge/(Reversal) |
-149,632 |
-181,662 |
- |
|
Personnel Expenses |
1,151,009 |
1,224,590 |
-6.01% |
|
Operating Profit |
1,734,642 |
2,312,491 |
-24.99% |
|
Profit/(Loss) for the Year |
1,352,397 |
1,661,498 |
-18.60% |
|
Total Comprehensive Income |
893,151 |
1,590,708 |
-43.85% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
683,719 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
17.41 |
15.98 |
8.95% |
|
NPL |
2.66 |
2.74 |
-2.92% |
|
CCD (as per NRB Directives) |
74.93 |
71.47 |
4.84% |
|
Cost of Fund (%) |
5.19 |
3.58 |
44.97% |
|
Base Rate (%) |
7.82 |
6.06 |
29.04% |
|
Annualized EPS (In Rs.) |
27.57 |
33.87 |
-18.60% |
|
Net Worth per Share (In Rs.) |
297.55 |
298.45 |
-0.30% |
|
Qtr End PE Ratio (times) |
10.05 |
- |
- |
|
Qtr End Market Price |
277 |
- |
- |
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