Nepal Bank Limited has published its unaudited financial statements for the first two quarters of the current fiscal year 2082/83 (B.S.). The bank reported a net profit of NPR 130.4852 million, a 183.04% increase compared to NPR 46.1017 million during the same period last year. The profit growth is mainly due to a sharp decline in impairment charges, even though net interest income and fees and commissions fell.
During the review period, net interest income decreased by 3.97% to NPR 444.2915 million, while total operating income fell by 1.59% to NPR 534.9094 million. Impairment charges dropped significantly from NPR 252.74 million last year to NPR 47.99 million. The decrease in impairment charges led to operating profit surging by 394.64% to NPR 206.156 million.
The bank’s non-performing loan (NPL) ratio increased slightly by 0.35 percentage points to 5.34%, compared to 4.99% in the same period last year. Nepal Bank collected deposits totaling NPR 364.876138 billion and disbursed loans worth NPR 230.303034 billion. Deposits grew by 9.87% and loans by 4.44%, resulting in a credit-deposit (CD) ratio of 67.48%. The bank’s base rate remained at 4.96%.
As of Poush-end, the bank’s distributable profit stood negative at NPR 91.4923 million, and distributable earnings per share were negative at NPR 12.45. The bank’s paid-up capital is NPR 1.4694022 billion, with reserves totaling NPR 2.4782358 billion. Earnings per share (EPS) increased by NPR 11.49 to NPR 17.76. Net worth per share is NPR 262.43, while the price-to-earnings (P/E) ratio stands at 13.57 times.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
