Nabil Bank Earns Highest Net Profit

Apr 19, 2024 11:26 AM Merolagani

Nabil Bank (NABIL) has earned the highest net profit in the third quarter of the current FY.

The bank earned Rs 4.66 billion in net profit during the period. The net profit decreased by 8.76 percent compared to Rs 5.11 billion of the corresponding period of the last FY.

Although the bank raised its net interest income, increases in expenses pulled down its net profit.

In the review period, the bank increased net interest income by 3.72 percent and net fee and commission income by 11.40 percent. Similarly, its total operating income increased by 4.35 percent and operating profit by 10.72 percent.

The bank has a distributable profit of Rs 1.54 billion.

Along with its net profit, its EPS also declined by Rs 2.21 to Rs 23. The bank logged P/E ratio of 18.85 times and net worth per share of Rs 208.39.

The company with Rs 27.05 billion in paid-up capital has a reserve fund of Rs 29.32 billion. The bank collected deposits of Rs 440 billion and extended loans of Rs 368 billion.

 

 

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