Nabil Bank Limited has published its unaudited financial statement for the third quarter of the current fiscal year, showing a significant improvement in profitability. The bank’s net profit increased by 33.91% to Rs. 6 arba 76 crore 46 lakh, compared to Rs. 5 arba 5 crore 14 lakh in the same period of the previous year. The bank attributed the growth mainly to a sharp reduction in impairment charges.
Income and Operating Performance
During the review period, the bank recorded steady growth in key income indicators:
- Net interest income: Increased by 3.37% to Rs. 12 arba 45 crore 94 lakh
- Operating profit: Increased by 26.08% to Rs. 9 arba 61 crore
A major factor supporting profitability was the significant decline in impairment charges, which fell from Rs. 2 arba 29 crore 32 lakh to Rs. 47 crore 87 lakh.
Asset Quality Improvement
The bank’s asset quality also showed improvement during the period:
- Non-performing loan (NPL) ratio: Decreased by 0.59 percentage points to 4.37%
- Net NPL ratio: Declined to 0.98%
Deposit and Lending Position
During the review period, Nabil Bank collected Rs. 5 kharba 78 arba 34 crore in deposits and disbursed Rs. 4 kharba 47 arba 94 crore in loans, reflecting its strong position in the banking sector.
Capital and Earnings Position
- Paid-up capital: Rs. 32 arba 5 crore 69 lakh
- Distributable profit: Rs. 3 arba 90 crore 2 lakh
- Retained earnings: Rs. 4 arba 37 crore 36 lakh
- Earnings per share (EPS): Increased by Rs. 7.97 to Rs. 33.02
- Net worth per share: Rs. 243.30
Overall, Nabil Bank delivered strong financial performance in the third quarter, driven by improved asset quality, reduced impairment costs, and steady growth in core banking income.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
COMMENTS