Nepal Bank Limited’s net profit declined to Rs 13.85 billion in the second quarter

BankingKATHMANDU
Nepal Bank’s net profit has declined in the second quarter of the current fiscal year. The bank has reported a profit of Rs 1.35 billion, down 0.14%. Last year, the bank had earned a profit of Rs 1.35 billion.According to the public financial statement, the bank’s distributable profit decreased by 0.80% while net interest income and operating profit increased by 8.24% and 17.96% respectively. 
As of mid-January, the NPL ratio stood at 2.88%. The bank’s earnings per share fell by Rs 6.2 to Rs 21.37. Its net worth is Rs 253.18 per share.In six months, the bank’s deposits have increased from Rs 141 billion to Rs 148 billion, while credit investments have increased from Rs 103 billion to Rs 116 billion. Similarly, the paid up capital of the bank is Rs. 11.28 billion while the reserve fund is Rs. 13.85 billion.

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