See the Q1 performance of Nabil, Janata & Rastriya Banijya Bank; Nabil & Rastriya shows trivial growth where Janata fails to maintain EPS

Nabil Bank Limited (NABIL) has continued to show meager progress in the first quarter (Q1) of the current FY 2074/75. The bank has registered a net profit rise of 6.64 percent. Publishing the unaudited quarterly report for the first quarter today, the commercial bank has net profit of Rs 85.14 crore in the Q1, up from Rs 79.83 crore in the corresponding quarter of fiscal year 2073/74. Nabil Bank has a paid up capital of Rs 8.04 arba (including 30% bonus share from the net profit of the FY 2073/74). Its reserve and surplus increased by 11.23 percent to  Rs 6.90 arba in Q1 of the fiscal year 2073/74 from Rs 6.20 arba in corresponding quarter. The bank’s non-performing loan (NPL) has surged to 1.11 percent in Q1 from 1.09 percent in the same quarter of previous year. NABIL’s earning per share (EPS) remains at Rs 42.34. Likewise, its net worth per share stands at Rs 185.85 and P/E ratio is 30.97 times. Janata Bank Nepal Limited (JBNL) has also shown meager rise in net profit of 1.31% in the first quarter (Q1) of the current FY 2074/75. Publishing the unaudited quarterly report for the first quarter today, the commercial bank has net profit of Rs 6.48 crore in the Q1, up from Rs 6.39 crore in the corresponding quarter of fiscal year 2073/74. It has a paid up capital of Rs 6.99 arba with reserve of Rs 1.89 arba only. To meet the capital requirement, it should hike its capital by Rs 1 arba (around 14%). The bank’s non-performing loan (NPL) has surged to 1.65 percent in Q1 from 1.18 percent in the same quarter of previous year. Its earning per share (EPS) stands at Rs 3.71 only. Likewise, its net worth per share stands at Rs 127.06 and P/E ratio is 69 times. Rastriya Banijya Bank Limited (RBB) has shown impressive rise in net profit of 41.67% in the first quarter (Q1) of the current FY 2074/75. Publishing the unaudited quarterly report for the first quarter today, the commercial bank has net profit of Rs 70.95 crore in the Q1, up from Rs 50.08 crore in the corresponding quarter of fiscal year 2073/74. The deposit of the bank reached to Rs 1.48 kharba and loans and advances extends to Rs 1.06 kharba. It has a paid up capital of Rs 8.58 arba with reserve of Rs 3.82 arba. The bank’s non-performing loan (NPL) has declined to 2.92 percent in Q1 from 3.3 percent in the same quarter of previous year. Its earning per share (EPS) stands at Rs 33.04. Likewise, its net worth per share stands at Rs 144.49. Major Highlights: 

• Sijan Bajracharya