Kathmandu. Nabil Bank has earned a net profit of Rs 1.3 billion in the first quarter of the current fiscal year. According to the company's financial statements, the profit was 7.82 percent lower than the first quarter of the previous year. Last year, the company had earned a net profit of Rs 1.12 billion.

Net interest income and operating profit declined by 17.69 percent and 7.67 percent respectively in the first quarter of the current fiscal year. The company's distributable profit has increased by 62.85 percent.

In the first quarter, the company collected Rs 196 billion in deposits and mobilized more than Rs 157 billion in loans. The company has increased its operating profit from Rs 1.60 billion last year to Rs 1.48 billion this year. The company, which earned a distributable profit of Rs 742.2 million last year, has increased it to Rs 1.20 billion in the first quarter of the current fiscal year. The company has increased its deposit mobilization and credit investment by 13.38 percent and 16.02 percent, respectively.

The company's paid-up capital is Rs 10.9 billion.