Nepal Banking giant Nabil Bank's distributable profit not much affected by current crisis; earns Rs 3.15 arba in Q3

Nabil Bank Limited (NABIL) has published its third quarter report for the FY 2076/77 today with a meager 1.01% fall in net profit. The bank’s profit has decreased from Rs 3.19 arba in the third quarter of the fiscal year 2075/76 to Rs 3.15 arba in the third quarter of the fiscal year 2076/77.

In the same quarter, the bank has Rs 2.09 arba as distributable profit after PL Appropriation and Regulatory Adjustments whereas same figure stood at Rs 2.32 arba during last year same period. Nabil Bank’s Q3 distributable profit is not much affected by current crisis prevailing in banking sector due to COVID-19 outbreak and its impact in the overall economy.

The bank’s deposit from customers has increased by meager 4.95% (compared to immediate previous year ending) to Rs 1.71 kharba and loans and advances to customers increased by 17.17% (compared to immediate previous year ending) to Rs 1.49 kharba till the third quarter. The net interest income (core business income) of the bank has decreased slightly by 0.73% to Rs 5.37 arba from Rs 5.41 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 10.09 arba with Rs 14.86 arba as its reserve and surplus. The Non-performing loan stands at 0.63%.

In the third quarter, the annualized EPS of the bank stands at Rs 41.71. The net worth per share stands at Rs 247.71 and qtr end PE ratio stands at 16.81 times.

Click here for Q3 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * 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 Q3 end paid up capital.