Nepal Bank profit rises by 13.31% in Q3; EPS and PE stands at Rs 23.87 and 19.23 times
Mon, Apr 26, 2021 10:09 AM on Latest, Financial Analysis,
Nepal Bank Limited (NBL) has published its third-quarter report for the FY 2077/78 with rise in net profit by 13.31%.
The bank’s profit has increased to Rs. 2.26 Arba compared to Rs 1.99 arba of the corresponding quarter of the previous year. In the same quarter, the bank has Rs. 1.47 arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 7.12% (compared to the immediate previous year ending) to Rs 1.51 kharba and loans and advances to customers have increased by 23.84% (compared to the immediate previous year ending) to Rs 1.27 kharba in the third quarter. The net interest income of the bank has increased by 11.75% to Rs 4.71 arba from Rs 4.21 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs. 12.63 arba with massive Rs. 21.51 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased slightly to 2.29% from 2.64%.
In the third quarter, the annualized EPS of the bank stands at Rs 23.87. The net worth per share stands at Rs 270.22 and the qtr end PE ratio stands at 19.23 times.
Major Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs '000") | Nepal Bank | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Share Capital* | 12,636,759 | 11,282,820 | 12.00% |
| Share Premium* | 431,896 | 1,789,915 | |
| Retained Earnings* | 4,238,380 | 3,102,721 | 36.60% |
| Reserves* | 16,840,596 | 13,855,536 | 21.54% |
| Deposits from Customers* | 151,600,837 | 141,530,381 | 7.12% |
| Loans & Advances to customers* | 127,929,822 | 103,303,752 | 23.84% |
| Net Interest Income | 4,714,068 | 4,218,247 | 11.75% |
| Other Operating Income | 372,103 | 200,831 | 85.28% |
| Impairment Charge/(Reversal) | 65,269 | 331,902 | 0.00% |
| Personnel Expenses | 1,832,524 | 1,710,818 | 7.11% |
| Operating Profit | 3,439,367 | 2,650,511 | 29.76% |
| Profit/(Loss) for the Year | 2,262,277 | 1,996,583 | 13.31% |
| Total Comprehensive Income | 4,596,596 | 802,561 | 472.74% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,474,653 | ||
| Capital Adequacy Ratio (CAR) | 13.67 | 15.90 | -14.03% |
| NPL | 2.29 | 2.64 | -13.26% |
| CCD (as per NRB Directives) | 75.55 | 73.65 | 2.58% |
| Cost of Fund (%) | 3.42 | 4.91 | -30.35% |
| Interest Rate Spread (%) | 4.37 | 4.49 | -2.67% |
| Base Rate (%) | 5.98 | 7.49 | -20.16% |
| Annualized EPS (In Rs.) | 23.87 | 23.59 | 1.17% |
| Net Worth per Share (In Rs.) | 270.22 | 266.17 | 1.52% |
| Qtr End PE Ratio (times) | 19.23 | - | - |
| Qtr End Market Price | 459 | - | - |
