Nabil Bank’s EPS has decreased despite the increase in profit.
Nabil Bank Limited has released unrefined financial statements for the first quarter of the current fiscal year. Data indicate that the bank’s net profit has increased compared to the same period in the prior fiscal year.
The bank’s net profit grew by 41.30 percent to 1.57 billion rupees during the period under review.
The bank’s net profit has improved along with net interest income and operating profit. The bank had a gain in net interest revenue of 64.05 percent during the review period, as well as increases in net fee and commission income of 40.16 percent, total operating income of 52.99 percent, and operating profit of 40.38 percent.
The bank’s distributable profit at the end of Ashoj was 2.91 billion rupees.
Despite the rise in profit, the bank’s earnings per share, or EPS, have fallen. As a result, the bank income dropped by Rs 4.58 to reach Rs 27.53 during the review period.
The bank’s reserve fund climbed by 2.29 percent in the first quarter of the current fiscal year, while deposits increased by 2.41 percent and loans increased by 1.54 percent.