Nabil Bank’s net profit increases by 9.83% to Rs Rs 4.97 billion

KATHMANDU: Nabil Bank Limited has published a fourth-quarter report for FY 2078/79 which showed that the bank has recorded growth in net profit by 9.83 percent.

Following acquisition with Nepal Bangladesh Bank, Nabil Bank’s net profit from Rs 4.52 billion in the fourth quarter of the fiscal year 2077/78 to Rs 4.97 billion in the fourth quarter of the fiscal year 2078/79.

The existing capital adequacy of Nabil Bank is 13.44% and the Credit to Deposit (CD) ratio of the bank is 89.79 for the fiscal end of 78/79.

Nabil Bank has deposits from customers of Rs 326 billion and loans and advances to customers stand at Rs 301 billion until the fourth quarter.