Nepal Bank’s Q3 Performance: Net Profit Climbs to Rs 2.79 Arba

Nepal Bank Limited (NBL), the country's first bank, has released its unaudited financial results for the third quarter of FY 2082/83, maintaining a trajectory of steady growth. The bank recorded a net profit of Rs 2.79 Arba, a moderate 0.34% increase compared to the Rs 2.78 Arba earned in the same period last year. A key driver for this stability was the 2.99% growth in Net Interest Income, which rose to Rs 7.31 Arba. Additionally, the bank's bottom line benefited from a significant reversal of impairment charges totaling Rs 39.01 crores. Currently, Nepal Bank's paid-up capital stands at Rs 14.69 Arba, with retained earnings reported at Rs 32.13 crore for this quarter. The bank’s financial health remains robust, with an annualized Earnings Per Share (EPS) of Rs 25.34 and a strong Net Worth per Share of Rs 272.79. With a Price-to-Earnings (P/E) ratio of 10.97 times, the bank continues to be an attractive option for value-oriented investors in the Nepalese capital market.