Nabil Bank’s Annual Net Profit Surges to NPR 7.12 Billion, Distributable Profit at NPR 4.77 Billion

Nabil Bank Limited (NABIL) has posted a net profit of over NPR 7 billion in its unaudited financial report for the fourth quarter of the last fiscal year. The bank earned NPR 7.12 billion in net profit, up 15.01% from NPR 6.19 billion in the previous fiscal year. While net interest income saw a marginal rise of 0.06% and net fee and commission income grew by 5.38%, the significant drop in impairment charges—from NPR 4.63 billion to NPR 2.39 billion—was the primary driver behind the profit growth. Operating income increased by 3.42%, and operating profit surged by 25.44%. The bank’s paid-up capital stands at NPR 27.05 billion, with reserves of NPR 36.68 billion. By the end of Ashad, it had collected NPR 524.62 billion in deposits and invested NPR 412.79 billion in loans. The distributable profit stood at NPR 4.77 billion, translating to distributable earnings per share of NPR 17.64. Earnings per share rose by NPR 3.44 to NPR 26.34, while the price-to-earnings ratio was 20.55 times and net worth per share was NPR 235.58.