Kathmandu. In the second quarter of the current FY, Nabil Bank has earned a net profit of Rs 4.75 billion. This profit is 4671 percent higher than the same period last year. The bank had posted a net profit of Rs 3,244.27 billion in the same quarter last year.

The bank’s net interest income and operating profit have increased. Similarly, the impairment charge has been reversed. Which has increased profits. The bank’s net interest income increased by 2.42 percent to Rs 8.08 billion. Similarly, operating profit increased by 26.95 percent to Rs 6.57 billion.  During this period, the bank’s impairment charge has been revised to Rs 4.88 crore.

During the period, the bank earned a distributable profit of Rs 3.27 billion. The distributable earnings per share stood at Rs 22.50. The bank’s earnings per share increased by Rs 11.06 to Rs 35.04 and net worth per share was Rs 235.64. The NPL of the bank is 4.25 percent from 4.93 percent.

The bank with a paid-up capital of Rs 32.05 billion has reserve fund of Rs 36.70 billion. As of mid-January, the bank collected deposit of Rs 566.05 billion and extended loans of Rs 434.73 billion.