Net Profit of Nepal Bank Decreases

Jan 28, 2020 10:29 AM Merolagani

The net profit of Nepal Bank (NBL) has decreased by 18.60 percent to Rs 1.35 billion in the second quarter of the current FY compared to Rs 1.66 billion of the corresponding period of the last FY.

The bank with Rs 9.81 billion in paid-up capital has reserve fund of Rs 13.52 billion, shareholders fund of Rs 2.59 billion and share premium fund of Rs 3.26 billion. During the period, the bank collected deposit of Rs 117 billion and extended loan of Rs 98.45 billion.

In the review period, the bank decreased its net interest income by Rs 413.1 million to Rs 2.74 billion. Meanwhile, its net operating profit decreased by Rs 577.8 million to Rs 1.73 billion.

The bank with Rs 683.7 million in distributable profit has EPS of Rs 27.57. The EPS is of before capitalization of 15 percent bonus share. After capitalization of the bonus share, the EPS will be maintained at Rs 23.97.

Similarly, the bank has P/E ratio of 10.05 that will set at 11.56 times after bonus capitalization. The bank logged net worth per share of Rs 297.55.

The bank maintained non-performing loan of 2.66 percent and cost of fund 1.61 percent.

comments powered by Disqus

Corporate Development Bank Calls out AGM

Sep 25, 2020 01:14 PM

Corporate Development Bank (CORBL) has called out 12th AGM on October 15 in its head office at Aadarshanagar, Birgunj at 7.35 AM.

Gold and Silver Price Increases

Sep 25, 2020 10:56 AM