Nabil Bank Limited (NABIL) has published a strong fourth quarter report for FY 2075/76 with stagnant growth of 7.84% in net profit.
Nabil Bank profit has increased from Rs 3.98 arba in the fourth quarter of the fiscal year 2074/75 to Rs 4.29 arba in the fourth quarter of the fiscal year 2075/76.
The bank’s deposit from customers increased by 21.93% to Rs 1.64 kharba and also loans and advances to customers rises by 18.54% to Rs 1.29 kharba till the fourth quarter. The net interest income (core business income) of the bank has increased by 17.15% to Rs 7.33 arba from Rs 6.26 arba of the corresponding quarter.
In the same quarter, the bank has Rs 3.18 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means Nabil Bank can distribute maximum 35% (approx.) dividend from this year profit if other regulatory requirements are not required.