Nabil Bank Records Plain Growth

May 07, 2019 Merolagani

Nabil Bank (NABIL) has increased its net profit by merely 3.18 percent to Rs 3.19 billion in the third quarter of the current FY compared to Rs 3.09 billion of the corresponding period of the last FY.

As per the financial report published under NFRS format, the bank earned distributable profit of Rs 2.32 billion in the review period.

During the period, the reserve fund of the bank contracted by 2.39 percent to Rs 9.06 billion compared to Rs 9.28 billion of the review period of the last FY.

In the review period, the bank increased its deposit collection by 14.1 percent to Rs 153.69 billion and loan extension by 17.55 percent to Rs 128.19 billion.

During the period, the bank earned net interest income of Rs 5.41 billion compared to Rs 4.56 billion. The net interest income increased by 18.39 percent compared to the review period of the last FY.

The bank with Rs 9.01 billion in paid-up capital has EPS of Rs 47.21.

The bank has net worth per share of Rs 242.38, P/E ratio of 15.58 times and bad debt of 0.64 percent.

 

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