Kathmandu. KATHMANDU: Nepal Bank Limited (NBBL) has released its financial report for the first quarter of the current fiscal year. In the first three months of the current FY, the bank has earned a net profit of Rs 58.82 crores. It was 2.31 percent lower than the same period last year. The bank had posted a net profit of Rs 60.21 crore in the same quarter last year.

The bank’s net interest income increased by 16.38 percent to Rs 2.56 billion in the first three months of the current FY. Similarly, the net fee and commission income decreased by 18.23 percent to Rs 24.14 crore.

In the first three months of the current FY, the bank’s total income decreased by 12.75 percent to Rs 2.98 billion and operating profit increased by 32.81 percent to Rs 91.71 crore.

During the period, the bank’s distributable profit stood at Rs 57.01 crore. The bank’s earnings per share have also decreased in the first quarter of the current fiscal year. In the first three months of the current fiscal year, the bank’s income has decreased by 38 paise to Rs 16.1. As of mid-October, the bank has a net worth per share of Rs 260.32 and P/E ratio of 15.05 times.

Presently, the bank has paid-up capital of Rs 14.69 billion and reserve fund of Rs 23.55 billion. The bank has collected deposit of Rs 340 billion and extended loan of Rs 223 billion till mid-October.