Nepal Bank’s Q4 Net Profit Surges to Rs. 3.77 Arba, Driven by Strong Interest Income and Reduced Loan Loss Provisions
Summary
Nepal Bank Limited reports a sharp rise in Q4 net profit to Rs. 3.77 Arba, driven by increased interest income and reduced loan loss provisions, alongside improved capital adequacy and asset quality.
Key Points
- Nepal Bank Limited posted a net profit of Rs. 3.77 Arba in Q4 FY 2081/82, sharply up from Rs. 2.84 Crore the previous year.
- Net interest income increased by 16.82% to Rs. 10.09 Arba, while impairment charges decreased by 76.12%.
- Deposits and loans grew by 17.29% and 13.89%, respectively, with capital adequacy ratio improving to 13.06%.
- The non-performing loan ratio rose slightly to 4.47%, and the annualized EPS reached Rs. 25.68 with a P/E ratio of 11.35.
