Nabil  Bank Increases Net Profit by 7.84%

Aug 14, 2019 10:49 AM Merolagani

Nabil Bank (NABIL) has increased its net profit by 7.84 percent to Rs 4.29 billion in the fourth quarter of the last FY compared to Rs 3.98 billion of the corresponding period of the previous FY.

As per the financial report published under NFRS format, the bank earned Rs 3.18 billion in distributable profit.

In the review period, the bank increased its deposit collection by21.93 percent to Rs 164.37 billion and loan extension by 18.54 percent to Rs 129.284 billion.

During the period, the bank increased its net interest income by17.15 percent to Rs7.33 billion.

The bank with paid-up capital of Rs9.01 billion has reserve fund of Rs9.33 billion.

The bank maintained non-performing loan of 0.74 percent, EPS of Rs 47.65, net worth per share of Rs 258.06 and P/E ratio of 16.79 times.

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