Nabil Bank Limited (NABIL) has released its unaudited financial statements for the third quarter of the current financial year. As per the details, the net profit of the bank has increased compared to the same period of the last fiscal year.

As of mid-April of the current fiscal year, the bank has earned a net profit of Rs 3.67 billion. This is 16.50 percent more than the corresponding period of the previous fiscal year.

Despite the decline in net interest income, net profit increased due to increase in net fee and commission income and other operating profit.

The bank's net interest income declined by 5.09 percent during the review period. The bank's net fee and commission income increased by 19.89 percent during the review period, while other operating income increased from Rs 350 million to Rs 1.5 billion. Similarly, the operating profit of the bank increased by 16.37 percent during the review period.

 The bank's distributable profit has reached Rs 3.80 billion.

Despite the increase in net profit, the bank's earnings per share has declined. During the review period, the bank's income declined by Rs 9.34 to Rs 36.40. As of mid-April, the bank's price-to-earnings ratio stood at 37.91 times.