Kathmandu. KATHMANDU: Nepal Bank Limited (NBL) has published its financial details for the second quarter of the current fiscal year. In the first six months of the current FY, the bank earned a net profit of Rs 1.30 billion. The bank had posted a net profit of Rs 46.10 crore in the same quarter last year. The profit of the bank increased by 183.04 percent compared to the same period of the last FY. <\/p>\n
During the review period, the bank earned a net profit of Rs 44 crore. The bank had posted a net profit of Rs 4.62 billion in the same quarter last year. The bank’s purchase interest income decreased by 3.97 percent compared to the same period of the last FY. <\/p>\n
The bank’s total operating income decreased by 1.59 percent and operating profit increased by 394.64 percent in the review period. In the first quarter of the last FY, the impairment charge was Rs 2.52 billion, which has come down to Rs 47.99 crore in the current financial year. Operating profit and net profit have increased significantly. <\/p>\n
The bank’s reserve fund has increased by 4.12 percent in the last six months with a paid-up capital of Rs 14.69 billion. Similarly, deposits and loans of banks increased by 9.87 percent and loans and loans by 4.44 percent during the period. <\/p>\n
As of mid-January, the bank’s distributable profit stood at Rs 91.49 crore and distributable earnings per share was negative at Rs 12.45 crore. <\/p>\n
Along with the profit, the bank’s earnings per share also increased. In the review period, the bank’s earnings per share increased by Rs 11.49 to Rs 17.76. At the end of the second quarter, the bank’s net worth per share stood at Rs 262.43 and P\/E ratio of 13.57 times. <\/p>\n
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Kathmandu. KATHMANDU: Nepal Bank Limited (NBL) has published its financial details for the second quarter of the current fiscal year. In the first six months of the current FY, the bank earned a net profit of Rs 1.30 billion. The bank had posted a net profit of Rs 46.10 crore in the same quarter last […]<\/p>\n","protected":false},"author":9,"featured_media":249723,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45117,45159],"tags":[],"class_list":["post-285115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bank-finance-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285115","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=285115"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285115\/revisions"}],"predecessor-version":[{"id":285116,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/285115\/revisions\/285116"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/249723"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=285115"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=285115"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=285115"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}