Nepal Bank Limited (NBL) has published its unaudited financial statement for the first quarter of the fiscal year 2082/83. According to the report, both the net profit and earnings per share (EPS) have decreased slightly compared to the same period last fiscal year.
In the first three months of the current fiscal year, the bank earned a net profit of NPR 58.82 million, which is a 2.31% decrease compared to NPR 60.21 million during the same period last year.
While net interest income and operating profit increased, the rise in current tax expenses led to a reduction in the bank's net profit. During the review period, net interest income rose by 16.38%, while fee and commission income declined by 18.23%. Similarly, total operating income increased by 12.75%, and operating profit grew by 32.81%. However, the bank’s distributable profit stood at a negative NPR 57.01 million as of the end of the review period.
Along with the decrease in profit, the bank’s earnings per share (EPS) also fell, dropping by NPR 0.38 to NPR 16.01. As of the end of Ashoj, the bank’s net worth per share is NPR 260.32, and its price-to-earnings (P/E) ratio stands at 15.05 times.
Nepal Bank has a paid-up capital of NPR 14.69 billion and reserves totaling NPR 23.55 billion. As of the end of the first quarter, the bank has collected deposits of NPR 340 billion and disbursed loans amounting to NPR 223 billion.
Published by Nepal Bank Limited on 2082-7-21
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