Nepal Bank Maintains Steady Growth as Q3 Profit Reaches Rs. 2.79 Arba
Summary
Nepal Bank Limited reported a net profit of Rs. 2.79 Arba in Q3 of fiscal year 2082/83, marking moderate growth supported by improved net interest income and reversed impairment charges.
Key Points
- Nepal Bank Limited's net profit in Q3 2082/83 reached Rs. 2.79 Arba, a 0.34% increase from the previous year.
- Net interest income increased by 2.99% to Rs. 7.31 Arba compared to the previous fiscal year.
- Impairment charges reversed significantly by Rs. 39.01 crores during the quarter.
- Annualized earnings per share (EPS) reached Rs. 25.34 with a price-earnings ratio of 10.97 times.
