Nabil Bank's profit increased by 76.86 percent and Interest income increased by 100 percent : How much dividend capacity of Nabil Bank ??

Aug Sun 2023 03:51:38

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Nabil Bank's profit increased by 76.86 percent and  Interest income increased by 100 percent :  How much dividend capacity of Nabil Bank ??

Kathmandu. Nabil Bank has earned more than 7.5 billion net profit. The fourth quarter financial statement of the last financial year 2079/80 released by the bank. Last year, Nabil earned a net profit of 7 billion 52 crore 71 lakh 49 thousand rupees. June has increased by 76.86 percent compared to the same period of the previous year. In the fourth quarter of the previous year, the bank earned a net profit of 4 billion 256 million 24 thousand rupees.

Net interest income of the bank has increased by 100% during the review period. The bank's interest income of Rs 9 billion 91 crore 88 lakh 71 thousand in the previous year increased by 101.63 percent to Rs 17 billion 98 crore 32 lakh 11 thousand last year. With the significant increase in interest income and operating profit, the net profit of the bank has increased. During the review period, the bank's operating profit increased by 75.37 percent and reached 11 billion 16 million 10 thousand rupees.

The distributable profit of the bank has remained at 3 billion 96 million 10 lakh 99 thousand rupees. Based on this, the dividend capacity that the bank can give to shareholders is 14.63 percent. At present, the bank's paid-up capital is 27 billion 569 million 97 thousand rupees. Currently, the dividend capacity of the bank is 14.63 percent on the basis of fixed paid-up capital.

31 billion 31.8 million rupees are seen in the bank's reserves and funds. During the review period, the bank's deposit collection increased by 21.65 percent and reached 3 trillion 96 billion 84 crore 34 lakh 21 thousand rupees. Likewise, loan investment also increased by 10.82 percent to 3 trillion 32 billion 69 billion 88 lakh 54 thousand rupees. Bank's bad loans increased by 1.58 percent to 3.2 percent compared to the previous year. Earnings per share (EPS) of the bank increased by Rs 9 18 paise to Rs 27 82 paise. On the other hand, the net worth per share has remained at 214 rupees 68 paise.