Nepal Bank Q4 earning shoot through the roof; profit surges by 523.09% to Rs 3.01 arba; Meets NRB requirement of CAR at 11.41%
Thu, Aug 11, 2016 10:48 AM on Latest, Financial Analysis, Featured, Stock Market,
Nepal Bank Limited (NBL) has registered massive net profit rise by 523.90 percent in the fourth quarter of the fiscal year 2072/73.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 3.01 arba in fourth quarter up from Rs 48.38 crore in the corresponding quarter of the last fiscal year 2071/72.
The bank has collected huge amount of non-operating income by selling fixed assets and cross holding share. First time the bank’s capital adequacy ratio meets NRB Directives requirement which shows that Nepal Bank’s overall financial performance is sound. Its operating profit has also improved which shows overall increment in their core business activities.
Nepal Bank Capital Adequacy Ratio (CAR) remains at 11.41 percent this quarter compare to 7.50 percent in previous quarter.
NBL’s net interest income has risen to Rs 4.69 arba in Q4 from Rs 3.31 arba in the corresponding quarter of the previous fiscal year.
It has paid up capital of Rs 6.46 arba .Its reserve increased to Rs 38.47 crore in fourth quarter from the loss of Rs 2.63 arba.
The bank has amassed deposits collection of Rs 89.41 arba in Q4 from Rs 77.99 arba in the corresponding quarter of last fiscal year. Likewise, it has extended loans and advances of Rs 63.52 arba in Q4 whereas in the same period last year the figure stood at Rs 53.38 arba.
The bank managed to write back Rs 62.93 crore in fourth quarter.
NBL non-performing loan (NPL) has decline to 2.72 percent in Q4 from 3.98 percent in the previous year report.
Its annualized earning per share (EPS) remains at Rs 46.69, net worth per share at Rs 105.95 and the P/E ratio at 10.07 times.
The bank has collected huge amount of non-operating income by selling fixed assets and cross holding share. First time the bank’s capital adequacy ratio meets NRB Directives requirement which shows that Nepal Bank’s overall financial performance is sound. Its operating profit has also improved which shows overall increment in their core business activities.
Nepal Bank Capital Adequacy Ratio (CAR) remains at 11.41 percent this quarter compare to 7.50 percent in previous quarter.
NBL’s net interest income has risen to Rs 4.69 arba in Q4 from Rs 3.31 arba in the corresponding quarter of the previous fiscal year.
It has paid up capital of Rs 6.46 arba .Its reserve increased to Rs 38.47 crore in fourth quarter from the loss of Rs 2.63 arba.
The bank has amassed deposits collection of Rs 89.41 arba in Q4 from Rs 77.99 arba in the corresponding quarter of last fiscal year. Likewise, it has extended loans and advances of Rs 63.52 arba in Q4 whereas in the same period last year the figure stood at Rs 53.38 arba.
The bank managed to write back Rs 62.93 crore in fourth quarter.
NBL non-performing loan (NPL) has decline to 2.72 percent in Q4 from 3.98 percent in the previous year report.
Its annualized earning per share (EPS) remains at Rs 46.69, net worth per share at Rs 105.95 and the P/E ratio at 10.07 times.
