Nabil Bank’s Net Profit Surges by 45.43% to Rs. 2.55 Arba in Q1 FY 2083/84; Net Interest Income at Rs. 4.74 Arba
Summary
Nabil Bank Limited reported a 45.43% rise in net profit to Rs. 2.56 Arba in the first quarter of FY 2083/84. Net interest income climbed 21.42% to Rs. 4.74 Arba, while the bank’s NPL ratio improved to 4.06% and its cost of funds fell to 2.92%.
Key Points
- Nabil Bank Limited posted a net profit of Rs. 2.56 Arba in Q1 FY 2083/84, up 45.43% year on year.
- Net interest income increased 21.42% to Rs. 4.74 Arba, while operating profit rose 42.33% to Rs. 3.67 Arba.
- Total deposits and loans and advances grew by 4.59% and 3.41% respectively during the quarter.
- The bank’s NPL ratio improved to 4.06% and the cost of funds declined sharply to 2.92%.
