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Shikhar Insurance
National Life

Nabil Bank’s net profit increased by 8 percent, what is the distributable profit?

Hyundai
NCELL
NIMB

Kathmandu. Nabil Bank Limited has earned a net profit of Rs 5.51 billion 14 lakh in the third quarter of the current fiscal year. Which is 8.21 percent more than the same period of the previous fiscal year.

The bank had earned a net profit of Rs 4.66 billion 80 lakh in the same period of the previous fiscal year. The bank’s net interest income decreased by 3.96 percent to Rs 12.54 billion 44 lakh during the review period.

Similarly, the bank’s total operating income is Rs 15.29 billion 82 lakh, operating profit is Rs 7.62 billion 23 lakh, and distributable profit is Rs 2.87 billion 41 lakh. The bank, which has a paid-up capital of Rs 27.56 billion, has a reserve fund of Rs 34.1896 billion.

The bank has collected deposits of Rs 52.1061 billion and disbursed loans of Rs 41.1623 billion by the end of the third quarter. Similarly, the bank’s PE ratio is 19.56, net worth per share is Rs 226.36, and NPL is 1.59 percent.

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