Kathmandu, April 26: Nepal Bank Limited (NBL) has registered net profit by 13.3% in the third quarter of the Fiscal Year 2020/21.
The bank’s profit has increased to Rs. 2.26 billion compared to Rs 1.99 billion of the corresponding quarter of the previous year. In the same period, the bank holds Rs. 1.47 billion as distributable profit after Appropriation and Regulatory Adjustments.
The bank’s deposit collection went up by 7.12% as compared to the immediate previous year ending to Rs 1.51 billion and loans increased by 23.84% to Rs 1.27 billion in the third quarter. The net interest income of the bank has increased by 11.75% to Rs 4.71 billion from Rs 4.21 billion of the corresponding quarter.
Meanwhile, the bank’s paid-up capital stands at Rs. 12.63 billion with significant Rs. 21.51 billion as its reserve and surplus.
To the brighter part, the Non-Performing Loan (NPL) has decreased slightly to 2.29% from 2.64%.
