Kathmandu. Nabil Bank Limited has released its unaudited financial statements for the first quarter of the current financial year 2083-84. During this period, the bank’s profit and other indicators have increased.

In the first three months of the current fiscal year, the bank earned a net profit of Rs 2.55 billion. The profit of the bank increased by 45.4 percent compared to the three months of the previous financial year. The bank had earned a profit of Rs 1.75 billion in the same period of the previous financial year.

The bank’s profit increased in the current fiscal year due to an increase in interest income and a decrease in loan losses. The bank’s net interest income increased by 21.4 percent to Rs 4.73 billion. Net fee and commission income increased by 15.1 percent and net trading income by 55.3 percent.

The bank has posted a loss of Rs 64.72 crore in the first quarter of the previous year, which is only Rs 16.40 crore this year.

The bank’s total bad loans ratio declined to 4.06 per cent from 4.31 per cent. The bank’s deposits stood at Rs 619.23 billion. The bank’s deposits were 4.6 per cent higher than in the corresponding period of the previous fiscal. Loans increased by 3.4 per cent to Rs 476.1 billion in the same period.

The bank’s annual earnings per share (EPS) increased to Rs 33.89 from Rs 25.49 last year. The net worth per share is 233.90. The bank’s capital fund ratio stands at 11.67 per cent.

The bank’s cost of funds has come down to 2.92 per cent from 4.13 per cent last year. The base rate has also come down to 4.41 per cent from 5.58 per cent. The interest rate spread has come down to 3.17 per cent from 3.51 per cent. The loan-deposit ratio (CD ratio) is 80.01 per cent. The distributable profit of the bank is Rs 2.64 billion.