Nabil Bank earned Rs 1.11 arba in the first quarter of the year, representing a 7.39 percent increase.
With an increase in Net Profit of 7.39 percent for the fiscal year 2078/2079, Nabil Bank Limited (NABIL) has published its first-quarter report for the fiscal year 2078/2079. According to the bank’s financial statements, its net profit climbed from Rs. 1.03 Arba in the first quarter of fiscal year 2077/2078 to Rs. 1.11 Arba in the first quarter of fiscal year 2078/2079.
After deducting PL Appropriation and Regulatory Adjustments, the bank had a distributable profit of Rs 85.19 crore for the quarter under review.
Customer deposits climbed by 1.08 percent to Rs. 2.25 kharba (compared to the immediate previous year ending), but loans and advances to customers increased by 4.71 percent to Rs. 2.07 kharba (compared to the immediate previous year ending) through the first quarter of the current fiscal year. When compared to the same quarter the previous year, the bank’s Net Interest Income (core business income) climbed by 42.41 percent to Rs. 2.24 Arba, representing a 42.41 percent rise.
There are Rs. 13.84 Arba in paid-up capital and Rs. 20.39 Arba in Reserves and surplus in the bank’s balance sheet. The percentage of non-performing loans (NPLs) maintained at 1.13 percent in December.
Its annualized earnings per share (EPS) were Rs. 32,14, and its net value per share was Rs. 247.31, according to the most recent available data. The company traded at a price-to-earnings ratio of 46.12 times.