Net profit of Nepal Bank increases by 65%

Kathmandu November 16- Nepal Bank ltd succeeded to earn Rs. 444.3 million net profit in the first quarter of current fiscal year which is 65.06% growth than the corresponding period of last FY which was Rs. 267.1 million.

With the paid up capital of Rs. 6 billion, deposit of bank has increased by 9.49% to Rs. 77 billion 542.5 million from Rs. 70 billion 824.7 million last FY. Loan investment has also increased by 26% to Rs. 53 billion 95.9 million from Rs. 42 billion 137.9 million last FY. In the first quarter of current fiscal year, net interest income has grown by 17.22% to Rs. 699.1 million. Interest income and interest expenses of the bank have increased by 4.54% and 11.06% respectively. Similarly, operating profit has increased by 3 times to Rs. 136.4 million.

In total of 57 days transactions, the maximum and minimum share price of Nepal bank is Rs. 338 and Rs. 258 respectively. EPS of the bank (annual) is Rs. 27.49, P/E ratio (annual) is 9.67 times and net worth per share is Rs. 66.78. Likewise, liquidity ratio of bank stands on 26.24%. Bank's bad debt has decreased by 0.96% to 3.82% while risky assets have increased by 2.55% to 7.83%.