Nepal Bank’s Net Profit Rises 41.46% to Rs. 83.22 Crores in Q1 FY 2083/84; EPS Climbs to Rs. 22.65
Summary
Nepal Bank Limited reported a 41.46% rise in net profit to Rs. 83.22 crore in the first quarter of FY 2083/84, driven by higher deposits, improved operating profit and lower impairment charges. Its annualized EPS increased to Rs. 22.65, while the NPL ratio declined to 4.61% and capital adequacy improved to 11.23%.
Key Points
- Nepal Bank Limited posted a net profit of Rs. 83.22 crore in Q1 FY 2083/84, up 41.46% from the same quarter a year earlier.
- Deposits rose 4.56% and loans and advances increased 2.66%, while operating profit grew 8.49% despite a 3.11% fall in net interest income.
- The bank’s annualized EPS climbed to Rs. 22.65 and its NPL ratio improved to 4.61%.
- Capital adequacy improved to 11.23%, and distributable profit turned positive at Rs. 27.53 crore from a loss in the previous-year quarter.
