Nepal Bank Limited reports first quarter report with a slight decline in Net Profit; net worth per share stands at Rs 273.49
Sat, Oct 31, 2020 1:06 PM on Company Analysis, Latest,
Nepal Bank Limited (NBL) has published its first-quarter unaudited report for the FY 2077/2078 with a slight decrease in Net Profit by 5.40%. The bank’s net profit declined to Rs. 55.04 crores in this quarter from Rs. 58.18 crores of FY 2076/2077.
The company’s operating profit has increased by 27.60% to Rs. 77.89 crores in first-quarter compared to the corresponding quarter of the previous year. The bank has Rs. 19.64 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank has a deposit of Rs. 1.45 kharba which is an increase of 2.36% in this quarter (compared with immediate previous year ending). Similarly, loans and advances increased to Rs. 1.07 kharba. The net interest income of the bank increased by 11.54% to Rs. 1.48 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stood at Rs. 11.28 Arba with Rs. 19.57 Arba as its reserves and surplus. The Non-performing loan (NPL) increased to 3.02%.
The annualized EPS for the bank stood at Rs. 19.51. The Net worth per share stands at Rs. 273.49. The stock for the period traded at a P/E multiple of 16.60 times.
Financial Highlights:
|
Particulars |
Nepal Bank Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
11,282,820.20 |
11,282,820.20 |
- |
|
Share Premium |
1,788,700.29 |
1,788,700.29 |
- |
|
Retained Earnings |
4,089,498.34 |
4,125,071.77 |
-0.86% |
|
Reserves |
13,696,645.71 |
12,985,435.81 |
5.48% |
|
Deposits from Customers |
145,469,372.75 |
142,114,284.98 |
2.36% |
|
Loans & Advances to Customers |
107,045,614.73 |
104,588,242.82 |
2.35% |
|
Net Interest Income |
1,481,592.59 |
1,328,262.34 |
11.54% |
|
Fee and Commission Income |
197,361.01 |
181,966.72 |
8.46% |
|
Impairment Charge/ (Reversal) |
155,985.29 |
109,965.69 |
41.85% |
|
Personnel Expenses |
656,259.60 |
679,980.13 |
-3.49% |
|
Operating Profit |
778,923.81 |
610,461.61 |
27.60% |
|
Profit/ (Loss) for the period |
550,419.39 |
581,823.65 |
-5.40% |
|
Total Comprehensive Income |
963,706.80 |
-23,012.80 |
-4287.70% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
196,464.01 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
17.03% |
18.01% |
- |
|
Non-Performing Loan (NPL) |
3.02% |
2.75% |
- |
|
CCD (as per NRB Directive) |
66.54% |
68.63% |
- |
|
Cost of Fund (%) |
3.97% |
5.22% |
- |
|
Base Rate (%) |
6.81% |
7.84% |
- |
|
Annualized EPS (Rs.) |
19.51 |
20.63 |
-5.40% |
|
Net Worth per share (Rs.) |
273.49 |
267.50 |
2.24% |
|
Qtr End PE Ratio (Rs.) |
16.60 |
- |
- |
|
Qtr End Market Price |
324 |
- |
- |
|
Price to Book (PB Ratio) |
1.18 |
- |
- |
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