Nabil Bank Makes Public Q4 Report with Rs. 7.52 Arba in Net Profits; Doubles its Core Business Revenue
Sun, Aug 6, 2023 7:28 AM on Financial Analysis, Latest,
Nabil Bank Limited (NABIL) has published its fourth-quarter report for the recently concluded financial year 2079-80 with overall improvement across financial indicators.
The bank has recorded an impressive increase of 76.86 percent in its Net profits. As of FY 2079-80, the bank has made Rs. 7.52 Arba as opposed to only Rs.4.25 Arba it had earned in the corresponding quarter of FY 2078-79.
The deposits in the financial institution have increased by 21.65 percent totaling Rs. 3.96 Kharba as of FY 2079-80’s end. Likewise, the loan disbursement too has increased by 10.82 percent amounting to Rs. 3.32 Kharba as of the same period.
The core business revenue of the bank (Net Interest Income) has a little more than doubled and amounts to Rs. 17.98 Arba as of the FY 2079-80 last quarter, alongside a substantial increase of 75.37 percent in its Operating profits.
The impairment allocation of the bank has increased significantly and sums up to Rs. 3.88 Arba as of the last quarter of the financial year 2079-80.
Despite an Earnings per Share (EPS) of Rs. 27.82 after a comparative improvement, its distributable profit per share stands at Rs. 14.64 until the end of the financial year 2079-80, with a Net worth per Share of Rs. 214.69.
The commercial bank has Rs. 3.96 Arba available for distribution amongst its shareholders as of Ashad 31, 2080.
NABIL maintains Rs. 27.05 Arba in paid-up capital and Rs. 31.03 Arba in reserves and surplus, which puts the company in robust financial standing.
Major Financial Highlights:
| Particulars (In Rs '000) | Nabil Bank | ||
|---|---|---|---|
| Q4 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 27,056,997.00 | 22,832,909.00 | 18.50% |
| Share Premium | - | - | - |
| Retained Earnings | 3,961,099.00 | 2,899,545.00 | 36.61% |
| Reserves | 27,070,722.00 | 27,249,119.00 | -0.65% |
| Deposits | 396,843,499.00 | 326,222,310.00 | 21.65% |
| Loans & Advances | 332,698,854.00 | 300,205,653.00 | 10.82% |
| Net Interest Income | 17,983,211.00 | 8,918,871.00 | 101.63% |
| Personnel Expenses | 4,692,669.00 | 2,658,925.00 | 76.49% |
| Impairment charge/(reversal) for loans and other losses | 3,889,529.00 | 1,118,823.00 | - |
| Operating Profit | 11,016,010.00 | 6,281,591.00 | 75.37% |
| Net Profit | 7,527,149.00 | 4,256,024.00 | 76.86% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 3,961,099.00 | 2,899,545.00 | 36.61% |
| Distributable Profit per Share | 14.64 | 12.70 | 15.28% |
| Capital Adequacy (%) | 12.66 | 13.09 | -3.28% |
| Non Performing Loan (NPL) (%) | 3.20 | 1.62 | 97.53% |
| Cost of Fund (%) | 7.81 | 7.17 | 8.93% |
| EPS (In Rs.) | 27.82 | 18.64 | 49.25% |
| Net Worth per Share (In Rs.) | 214.69 | 232.04 | -7.48% |
| Base Rate (%) | 9.52 | 8.77 | 8.55% |
| Qtr end PE Ratio (times) | 21.54 | - | - |
| Qtr End Market Price | 599.2 | - | - |
