As per the financial report published by Nepal Bank (NBL) under NFRS format, the bank increased its reserve fund to whooping Rs 19.60 billion in the first quarter of the current FY compared to Rs 4.46 billion of the corresponding periods of the last FY.
The reserve fund increased by Rs 14.84 billion which is 311.95 percent compared to the review period of the last FY. The bank collected premium of Rs 180 per share from 17.6 million units of shares.
As per the report, the bank earned a net profit of Rs 913.8 million in the review period. Such profit was of Rs 971.3 million in the last FY. Similarly, it has distributable profit of Rs 979.1 million after regulatory adjustment of Rs 65.2 million as per NRB directive.
In the review period, the bank collected deposit of Rs 93.43 billion and extended loan of Rs 79.04 billion. The bank maintained CD ratio of 71.09 percent during the period.
Moreover, the EPS of the bank that raised its paid-up capital from Rs 8.04 billion to Rs 9.8 billion through FPO issuance has decreased to Rs 39.93 from earlier Rs 48.31.
Meanwhile, the bank decreased its bad debt to 2.78 percent from earlier 3.42 percent. The bank has cost of fund of 3.84 and base interest rate of 7.52 percent.
However, the net interest income of the bank decreased to Rs 1.36 billion from earlier Rs 1.39 billion during the period.
