Nepal Bank Limited has posted a 348.80% growth in profit for FY
2069/70. The bank earned a net profit Rs 79.15 crore as against Rs 17.63
crore in the last fiscal.
In a sign of the bank’s improving financial health, Nepal Bank’s nonperforming loans declined to 4.53% from 5.58% in the previous fiscal.
Nepal Bank Limited has also been able to meet the minimum paid-up capital fixed by Nepal Rastra Bank for commercial banks. The bank raised its paid-up capital to Rs 3.71 arba from Rs 1.77 arba reported at the end of last fiscal.
The bank’s deposits increased 12.37% to Rs 62.98 arba and loans and advances rose 27.46% to Rs 37.85 arba.
The bank’s EPS stands at Rs 208.08 and net worth at Rs -992.42. Call in advance money has not been considered while calculating earnings per share and net worth per share.
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