Kathmandu. Nabil Bank has earned a net profit of Rs 1.75 billion in the first three months of the current FY.

This was 14.57 percent less than the profit of the first three months of the current fiscal year. The bank had posted a net profit of Rs 2.05 billion in the first quarter of the previous FY.

During this period, the bank’s net interest income has decreased and the impairment charge has increased. This has had an impact on profits. The bank’s net interest income declined by 5.77 percent and operating profit by 10.84 percent.

In the first quarter of the last FY, the bank’s impairment charge was Rs 45.77 crore, which has now increased to Rs 64.72 crore. The distributable profit of the bank stood at Rs 5.63 billion as of mid-October.

The bank has a paid-up capital of Rs 27.05 billion and reserve fund of Rs 38.07 billion. The bank collected deposit of Rs 556 billion and extended loan of Rs 421 billion.

The bank’s earnings per share declined by Rs 3.86 to Rs 25.97. The net worth per share of the bank stands at Rs 240.72.