Kathmandu. Nepal Bank has published its unrevised financial statements for the current fiscal year 2082. The third quarter (July-March) of 83 has been made public.
According to the financial statements, the bank has earned a profit of Rs 2.79 billion in the first nine months of the current financial year. In the previous financial year, 2081. The bank had earned a profit of Rs 2.78 billion in the same period of the previous year. In this regard, the profit of the bank has increased by 0.34 percent compared to the previous year.
The distributable profit of the bank stood at Rs 32.13 crore during the review period. The distributable profit of the bank was Rs 30.62 crore in the same period last year. The distributable profit increased by 4.94 percent compared to the previous year.
The operating profit of the bank increased to Rs 4.85 billion till March. The operating profit was Rs 4.31 billion in the same period last year. The operating profit of the bank also increased by 12.52 percent.
In the third quarter, the bank earned an interest income of Rs 7.31 billion. In the same period last year, the bank had earned an interest income of Rs 7.10 billion. Interest income increased by 2.99 percent.
The bank, which has a paid-up capital of Rs 14.69 billion, has a rated earnings of Rs 321.3 crore and a reserve of Rs 25.06 billion. As of mid-July last year, the retained earnings were negative at Rs 1.41 billion and the reserves stood at Rs 24.34 billion.
During the review period, the bank collected deposits of Rs 384.37 billion and extended loans of Rs 239.44 billion. By the end of the previous year, the bank had collected deposits of Rs 332.09 billion and extended loans worth Rs 220.49 billion. This figure also shows that the business of the bank has also increased.
The bank’s bad loan ratio (NPL) has come down to 4.96 percent as of March of the current financial year. In the same period last year, the NPL of the bank was 5.45 percent.
The bank’s annualized earnings per share (EPS) increased to Rs 25.34. EPS was Rs 25.26 in the previous year. The bank’s net worth per share is Rs 272.79 with a PE ratio of 10.97 times.
