Nabil Bank earned 3.41 billion profit: Net interest income and operating profit also increased.

Jan Sat 2023 03:32:20

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Nabil Bank earned 3.41 billion profit: Net interest income and operating profit also increased.

Kathmandu. Nabil Bank has earned a profit of nearly 3.5 billion rupees. This was shown in the second quarter financial statement of the current financial year 2079/80 published by the bank on Saturday.

By the end of January of the current year, the bank has earned a profit of 3 billion 41 crore 76 lakh 98 thousand rupees. June is 56.67 percent higher than the same period last year. In the second quarter of last year, the bank earned a profit of 2.18 billion 1.42 million rupees.

During that period, the bank's net interest income also increased by 85.63 percent and reached 7 billion 83 billion 29 lakh 56 thousand rupees. By the end of January last year, the income of the bank was only 4 billion 21 million 96 million 18 thousand rupees.

In the second quarter of the current year, the total operating income of the bank has reached 9 billion 51 crore 63 lakh 16 thousand rupees. During that period, the operating profit of the bank has increased by 56.06 percent and has remained at 4 billion 86 million 17 lakh 96 thousand rupees. By the end of January of the current year, the distributable profit of the bank is 97 crore 13 lakh 69 thousand rupees.

The paid-up capital of the bank is 27 billion 56 million 97 thousand rupees. The bank has kept 26 billion 81 crore 92 lakh 70 thousand rupees in reserves and funds.

In the second quarter, the bank has collected a total of 3 trillion 47 billion 46 million 16 lakh 62 thousand rupees in deposits and invested 3 trillion 51 billion 64 million 15 million 29 thousand rupees in loans.

By the end of January of the current year, bad loans of the bank increased by 1.87 percent and reached 2.98 percent. In the same period last year, this loan was only 1.11 percent.

During that period, the bank's earnings per share increased slightly and reached 25 rupees 26 paise. The net worth per share has remained at 199 rupees 12 paise. By the end of January, the base rate of the bank has remained at 10.1 percent.