Nabil posts a net profit of over Rs 2 billion

KATHMANDU, OCTOBER 23: Nabil Bank has reported a net profit of over Rs 2 billion for the first three months of the current fiscal year. The bank's financial results indicate such a profit of Rs 2.0565 billion, reflecting a significant increase of 39.97 percent compared to the same period last year, when it recorded a net profit of Rs 1.46 billion.

During the review period, the bank's operational profit has risen by 36.09 percent, while its net interest income has declined by 0.81 percent. The ratio of non-performing loans has improved, decreasing from 1.58 percent to 1.42 percent.

Nabil Bank's paid-up capital stands at NPR 27.569 billion, with a reserve fund amounting to Rs 30.5 billion. Earnings per share (EPS) in the first three months of the current fiscal have increased by Rs 8.52, reaching Rs 29.83. Additionally, the bank's net worth per share has risen to Rs 229.48.