Nabil Bank Increases Net Profit by 9.83%

Aug 05, 2022 01:14 PM Merolagani

Nabil Bank (NABIL) has published its fourth quarter report of the last FY. As per the report, the bank has increased its net profit during the period.

The bank earned net profit of Rs 4.97 Billion which is 9.83 percent growth compared to Rs 4.52 billion of the corresponding period of the last FY.

Increase in net interest income and operating profit can be attributed to the increase in net profit. The bank logged distributable profit of Rs 3.37 billion in the review period.

During the period, the net interest income increased by 16.79 percent while its net fee and commission income by 3.37 percent. Similarly, its total operating income increased by 2.37 percent and operating profit by 13.98 percent.

The bank’s paid-up capital increased by 64.92 percent and reserve fund by 48.65 percent during the period. In the review period, the bank increased deposit collection by 45.98 percent and loans by 52.04 percent.

The bank has logged EPS of Rs 21.78, P/E ratio of 37.81 times and net worth per share of Rs 230.37.

 

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