Nepal Bangladesh Bank Increases Net Profit by 54%

May 07, 2019 Merolagani

Nepal Bangladesh Bank (NBB) has increased its net profit by 54.5 percent to Rs 1.14 billion in the third quarter of the current FY compared to Rs 738 million of the corresponding period of the last FY.

As per the financial report published under NFRS format, the bank earned distributable profit of Rs 602.5 million in the review period.

In the review period, the bank collected deposit of Rs 56.06 billion and extended loan of Rs 51.52 billion. During the period, the bank earned net interest income of Rs 2.11 billion.

The bank with Rs 8.08 billion in paid-up capital has reserve fund of Rs 3.89 billion.

The bank has EPS of Rs 18.82, net worth per share of Rs 148.10, P/E ratio of 11.26 times and bad debt of 1.86 percent.

 

 

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