Distributable Profit of Nepal Bank Nears Rs 3 Bn

Aug 15, 2018 Merolagani

Nepal Bank (NBL) has significantly increased its distributable income in the last FY. The distributable income that was Rs 1.18 billion in the previous FY has reached Rs 2.99 billion in the last FY.

The bank earned a net profit of Rs 3.01 billion in the last FY. After regulatory adjustment of Rs 23.8 million, the bank maintained Rs 2.99 billion.

The bank that issue 17.6 million units of FPO in a bid to decrease government ownership to 51 percent from 62 percent has not capitalized FPO till date. It has penned Rs 8.04 billion in paid-up capital, on the basis of which, its EPS stands at Rs 37.19.

As per the financial report published under NFRS format, it has reserve fund of Rs 24.07 billion

In the review period, the bank collected deposit of Rs 99.83 billion and extended loan of Rs 78.44 billion. The bank earned Rs 6.41 billion in net interest income.

The bank has bad debt of 2.90 percent, P/E ratio of 6.65 times, base interest rate of 7.03 percent and cost of fund of 2.99 percent.

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