Nabil Bank’s Net Profit Declines by 1.26%

Jan 28, 2021 11:14 AM Merolagani

The net profit of Nabil Bank (NABIL) has declined by 1.26 percent to Rs 2.01 billion in the second quarter of the current FY compared to Rs 2.0 4 billion of the corresponding period of the last FY.

The bank logged a stributable profit of Rs 1.84 billion.

The decrease in net interest income and other operating income can be attributed to the decrease in net profit.  During the period, the net interest income of the bank declined to Rs 3.12 billion from Rs 3.55 billion.

Similarly, its other operating income declined from Rs 227.7 million to Rs 163.3 million. Similarly, its operating profit also declined to Rs 2.86 billion from Rs 2.90 billion.

The bank collected deposits of Rs 200 billion and extended loans of Rs 170 billion. During the period, the non-performing loan of the bank decreased to 0.60 percent from  0.75 percent.

The bank with Rs 13.48 billion in paid-up capital has reserve fund of Rs 13.52 billion. The bank logged CCD ratio of 72 percent, base rate of 5.76 percent, spread rate of 4.7 percent, capital fund ratio of 13.38 percent and cost of fund of 4.29 percent.

The bank logged EPS of Rs 40.71.

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