Nabil Earns Rs 3.62 Bn Net Profit

Aug 03, 2017 Merolagani

 In the last FY, Nabil Bank has raised its net profit significantly through effective deposit collection and loan extension. The bank maintained its cost of fund to 2.70 percent while it earned Rs 8.06 billion interest income whereas it spent merely Rs 2.60 billion in interest expenses.

The bank established itself as a big, strong and competent bank by decreasing its bad debt and checking the growth of staff and operational expenses. The bank increased its operating profit by 25 percent and net profit by 28 percent. Meanwhile, its EPS of Rs 58 might be the highest among the commercial banks operating in the country.

Nabil raised its net profit by Rs 810 million in the last FY compared to the previous FY. The bank boosted its paid-up capital by distributing 30 percent bonus share in the last FY. Nabil can easily achieve the minimum paid-up requirement through the bonus distribution. As the bank has an adequate reserve fund, it can also distribute good return to its shareholders.

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