Nepal Bank profit decline in Q1 by 36.34%; Non performing loan at 2.75% and EPS stands at Rs 23.72

Fri, Nov 8, 2019 9:53 AM on Financial Analysis, Latest, Stock Market,
Nepal Bank...

Nepal Bank Limited (NBL) has published its first quarter report for the FY 2076/77 with fall in net profit by 36.34%.

The bank’s profit has decline from Rs 91.38 crore in the first quarter of the fiscal year 2075/76 to Rs 58.18 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 6.56 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has decline by 2.05% to Rs 1.14 kharba and loans and advances to customers increased by 0.27% to Rs 92.65 arba in the first quarter. The net interest income of the bank has decreased by 3.05% to Rs 1.32 arba from Rs 1.36 crore of the corresponding quarter.

The bank’s paid up capital stands at Rs 9.81 arba with Rs 19.60 arba as its reserve and surplus. The Non-Performing Loan (NPL) remains at 2.75%.

In the first quarter, the annualized EPS of the bank stands at Rs 23.72. The net worth per share stands at Rs 266.55 and qtr end PE ratio stands at 13.36 times.

Nepal Bank yet to announce dividend for fiscal year 2075/76.

Click Here for Q1 Report:

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 Q1 end paid up capital.