Nabil and Himalayan Bank shows drop in net profit in its first quarterly report.

Himalayan Bank Limited’s net profit has dropped by 13.34 percent in the first quarter of the current fiscal year 2070/71.

The unaudited report of the commercial bank published today shows that it earned a net profit of Rs 17.34 crore in the first quarter, down from Rs 20.01 crore in the corresponding quarter of the last fiscal year.

Its operational profit has also slightly dipped from Rs 30.71 crore to Rs 27.16 crore.

Himalayan Bank, however, mobilized Rs 59.36 arba in deposit, and only Rs 41.72 arba in loan. It had mobilized 48.15 arba in deposit and Rs 37.21 arba in loan in the corresponding quarter last year.

The bank has posted a net interest income of Rs 50.62 crore, up from Rs 50.18 crore in the corresponding quarter.

Its non performing loan has also marginally decreased from 2.76 percent to 2.65 percent.

Himalayan’s net worth per share stands at Rs 210.58 and its EPS (annualized) at Rs 25.15.

Similarly Nabil Bank Limited has reported a drop of 20.17 percent in its net profit in the first quarter of the current fiscal year 2070/71.

Publicizing an unaudited report for the first quarter today, the leading commercial bank of the country stated it earned a net profit of Rs 46.71 crore in the first quarter compared to the Rs 58.89 crore in the corresponding quarter of the last fiscal year.

Its operational profit has also slightly dipped from Rs 64.05 crore in the first quarter to Rs 58.52 crore.

Nabil Bank mobilized Rs 71.90 arba in deposit, but only Rs 48.82 arba in loan. It had mobilized 59.48 arba in deposit and Rs 42.41 arba in loan in the corresponding quarter last year.

However, it has posted a net interest income of Rs 86.44 crore compared to Rs 80.24 crore in the corresponding quarter.

Its non performing loan has also marginally increased from 2.99 to 3.31.
Nabil’s net worth per share stands at Rs 294 and its EPS (annualized) at Rs 74.26.