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Nabil Bank Records Rs 2.68 bn Net Profit by 3rd Quarter

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Nabil Bank Records Rs 2.68 bn Net Profit by 3rd Quarter
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May 3: Nabil Bank has earned Rs 2.68 billion net profit by the third quarter of the current FY. The net profit of the bank has increased by nearly 31 percent compared to corresponding period of the last FY. During the corresponding period of the last FY, the bank earned Rs 2.05 billion net profit. The increase in net profit is attributed to increase in interest income of the bank. The bank has been able to earn Rs 4.08 billion interest income during the period. Similarly, the operating profit of the bank has increased by 35 percent to Rs 4.10 billion.

By the third quarter of the current FY, the paid-up capital of the bank has increased to Rs 6.18 billion. The paid-up capital has increased by 30 percent compared to the last FY. Similarly, during the review period, the bank has reserve fund of Rs 8.09 billion while its investment amounts to Rs 28.22 billion. The bank has collected Rs 117.05 billion deposit and has extended loan of Rs 90.55 billion. The earning per share (EPS) of the bank is Rs 58.22. 

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