Nepal Bank Reported Satisfactory Growth In Major Profitability Indicators In Q4; Look At The Major Highlights

Nepal Bank Limited (NBL) has published its fourth-quarter report for the FY 2077/78 with a rise in net profit by 31.40%.

The bank’s profit has increased to Rs. 3.06 Arba compared to Rs 2.33 arba of the corresponding quarter of the previous year. In the same quarter, the bank has Rs. 3.49 arba as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has a growth rate of 14.99% (compared to the immediate previous year ending) to Rs 1.62 kharba and loans and advances to customers have increased by 30.23% (compared to the immediate previous year ending) to Rs 1.34 kharba in the fourth quarter. The net interest income of the bank has increased by 14.98% to Rs 6.46 arba from Rs 5.61 arba of the corresponding quarter.

The bank’s paid-up capital stands at Rs. 12.63 arba with massive Rs. 20.62 arba as its reserve and surplus.

The Non-Performing Loan (NPL) has decreased slightly to 2.10% from 2.47%.

In the fourth quarter, the EPS of the bank stands at Rs 24.26. The net worth per share stands at Rs 263.19 and the qtr end PE ratio stands at 18.26 times.

Click here for the Q4 report

Major Highlights:

* Figure is of Immediate Previous Year Ending