Nabil Bank Limited has published its unaudited financial results for the first half of the fiscal year 2082/83. According to the report, the bank’s net profit increased by 46.71%, reaching Rs. 4.76 billion, compared to Rs. 3.24 billion during the same period last year. This performance makes Nabil Bank the highest-earning commercial bank in the country for this period.
The significant growth in net profit was primarily driven by an increase in net interest income and the reversal of impairment charges. During the review period, the bank reversed Rs. 4.88 crore in impairment charges, positively impacting both operating profit and net profit.
As of the end of Poush, the bank’s net interest income rose by 2.42%, reaching Rs. 8.09 billion, while fees and commission income increased by 6.61% to Rs. 1.61 billion. The total operating income grew by 5.58%, reaching Rs. 10.63 billion, and operating profit surged by 26.95% to Rs. 6.57 billion.
Nabil Bank’s non-performing loan (NPL) ratio declined by 0.68 percentage points, settling at 4.25%, down from 4.93% during the same period last year. During the review period, the bank collected deposits of Rs. 566.59 billion and disbursed loans of Rs. 434.73 billion, maintaining a loan-to-deposit ratio (CD ratio) of 78.12%. The base rate stood at 5.04%.
The bank’s paid-up capital reached Rs. 32.57 billion, with a reserve fund of Rs. 36.70 billion. As of Poush-end, distributable profit amounted to Rs. 3.27 billion, translating to earnings per share (EPS) of Rs. 22.50. With the increase in profit, EPS rose by Rs. 11.06 to Rs. 35.04 per share, net worth per share reached Rs. 235.64, and the price-to-earnings (P/E) ratio stood at 13.91x.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
