Nabil Bank’s Dividend Capacity is 13 Percent

Kathmandu: The profit of Nabil Bank, which is in the final preparation of dividend announcement, has decreased in the first quarter. The bank’s profit decreased by 6.51 percent and earned 1 billion 46 million 93 million rupees. During the same period of the last financial year, the bank made a net profit of 1.57 billion rupees.

By the end of October of the current financial year, the net interest income of the bank has increased by 13.51 percent to 4 billion 173 million rupees. During the same period of the last financial year, the bank earned a net interest income of 3.67 billion 71 lakh rupees.

The operating profit of the bank decreased by 4.68 percent to 2.12 billion 61 lakh rupees and the distributable profit is 3.60 billion 98 lakh rupees. According to the data till the end of October, the dividend capacity of the bank is 13.34 percent.

During the review period, the bank’s paid-up capital increased to 27 billion 569 million rupees, reserve fund increased by 3.12 percent to 32 billion rupees, deposit collection increased by 4.54 percent to 4 trillion 14 billion 85 million rupees and loans increased by 6.27 percent to 3 trillion 53 billion 56. It has reached 1 billion 64 million rupees.

Earnings per share decreased by 5.29 rupees to 21.72 rupees as the profit of the bank decreased. The bank’s price-to-earnings ratio is 26.84 times and net worth per share is Rs.218.27.

By the end of October, the bank’s bad loans increased from 2.33 percent to 3.69 percent. Also, the bank’s loan-to-deposit ratio is 86.53 percent and base rate is 9.58 percent.