Read Annexure 14 text version

Nabil Bank Limited Report: 3rd Quarter of FY 2010/11 (2067/068) 1. Unaudited Financial Results

Rs. Thousand S.N. Particulars 13 April 2011 Group 1. 1.1 1.2 1.3 1.4 1.5 Total Capital and Liabilities (1.1 to 1.7) Paid up Capital Reserve and Surplus Debenture and Bond Borrowings Deposits (a+b) Domestic Currency (a) Foreign Currency (b) 1.6 1.7 1.8 2. 2.1 2.2 2.3 2.4 Income Tax Liability Other Liabilities Minority Shareholder's Interest Total Assets (2.1 to 2.7) Cash and Bank Balance Money at Call and Short Notice Investments Loans and Advances a. Real Estate Loan Residential Real Estate Loan (Except Personal Home Loan up to 60 Lacs) Business Complex & Residential Apartment Construction Loan Income generating Commercial Complex Loan Other Real Estate Loan (Including Land purchase & Plotting) b. Personal Home Loan up to 60 Lacs c. Margin Type Loan d. Term Loan e. Overdraft Loan/TR Loan/WC Loan f. Others 2.5 2.6 2.7 3. Fixed Assets Non Banking Assets Other Assets Profit and Loss Account 55,183,958 2,029,769 2,757,131 300,000 305,187 46,925,285 40,358,069 6,567,216 37,133 2,801,600 27,854 55,183,958 3,408,829 1,481,726 10,155,999 37,692,245 5,179,985 761,208 721,823 318,192 3,378,762 1,803,369 5,400,295 19,037,853 6,270,742 917,738 1,527,422 Nabil 54,962,696 2,029,769 2,754,664 300,000 305,187 47,013,985 40,446,769 6,567,216 36,085 2,523,006 54,962,696 3,120,065 1,481,726 10,233,999 37,692,245 5,179,985 761,208 721,823 318,192 3,378,762 1,803,369 5,400,295 19,037,853 6,270,742 912,561 1,522,102 As at 14 Jan 2011 Group 54,856,350 2,029,769 2,472,177 300,000 1,626,640 46,274,261 38,910,752 7,363,509 61,881 2,091,622 54,856,350 3,249,480 1,163,758 12,336,573 36,338,793 5,489,226 715,474 836,049 352,798 3,584,904 1,659,862 4,838,235 17,694,131 6,657,339 898,533 869,213 Nabil 54,919,400 2,029,769 2,470,444 300,000 1,626,640 46,339,863 38,976,355 7,363,509 61,362 2,091,322 54,919,400 3,249,480 1,163,758 12,406,573 36,338,793 5,489,226 715,474 836,049 352,798 3,584,904 1,659,862 4,838,235 17,694,131 6,657,339 893,183 867,613 13 April 2010 Group 51,031,738 1,449,124 2,453,085 300,000 2,542,955 42,522,845 36,154,957 6,367,888 1,763,729 51,031,738 2,679,804 1,878,974 10,639,057 34,109,713 5,433,429 800,572 709,801 3,923,056 1,666,907 4,476,521 15,946,468 6,586,387 732,547 991,644 Nabil 51,031,738 1,449,124 2,453,085 300,000 2,542,955 42,522,845 36,154,957 6,367,888 1,763,729 51,031,738 2,679,804 1,878,974 10,639,057 34,109,713 5,433,429 800,572 709,801 3,923,056 1,666,907 4,476,521 15,946,468 6,586,387 732,547 991,644

3 Quarters This Year

2 Quarters This Year

3 Quarters Last Year

3.1 3.2 A 3.3 3.4 3.5 B 3.6 3.7 C 3.8 D 3.9

Interest Income Interest Expense Net Interest Income (3.1-3.2) Fees, Commission and Discount Other Operating Income Foreign Exchange Gain/Loss (Net) Total Operating Income (A+3.3+3.4+3.5) Staff Expenses Other Operating Expenses Operating Profit Before Provision (B-3.6-3.7) Provision for Possible Losses Operating Profit (C-3.8) Non Operating Income/(Expenses) Net

3,749,133 2,109,172 1,639,961 227,277 100,743 215,785 2,183,765 253,318 292,239 1,638,207 178,945 1,459,263 6,385

3,748,064 2,115,369 1,632,695 224,694 100,743 215,785 2,173,916 251,162 289,934 1,632,820 178,945 1,453,876 6,385

2,446,639 1,394,314 1,052,325 148,788 70,357 142,490 1,413,959 168,503 188,212 1,057,245 38,856 1,018,389 4,200

2,447,737 1,398,376 1,049,361 146,179 70,357 142,490 1,408,386 167,488 186,713 1,054,185 38,856 1,015,330 4,200

2,830,179 1,318,767 1,511,412 193,445 104,830 208,833 2,018,521 235,663 237,750 1,545,107 396,415 1,148,693 9,091

2,830,179 1,318,767 1,511,412 193,445 104,830 208,833 2,018,521 235,663 237,750 1,545,107 396,415 1,148,693 9,091

3.10 E 3.11 F 3.12 3.13 G 3.14 H

Write Back of Provision for Possible Loss Profit from Regular Activities (D+3.9+3.10) Extra Ordinary Income/Expenses (Net) Profit before Bonus and Taxes (E+3.11) Provision for Staff Bonus Provision for Tax Net Profit/(Loss) (F-3.12-3.13) Minority Shareholder's Share on Net Profit/(Loss) Net Profit/(Loss) (G-3.14)

11,096 1,476,744 15,502 1,492,246 135,659 403,891 952,697 990 951,707

11,096 1,471,357 15,502 1,486,859 135,169 402,843 948,847 948,847

10,890 1,033,478 11,042 1,044,520 94,956 282,675 666,889 666,889

10,890 1,030,419 11,042 1,041,461 94,678 282,156 664,627 664,627

35,913 1,193,697 17,779 1,211,476 110,134 328,542 772,800 772,800

35,913 1,193,697 17,779 1,211,476 110,134 328,542 772,800 772,800

As at 4. Ratios & Others (%) 13 April 2011 4.1 4.2 4.3 4.4 Capital Fund to RWA Non Performing Loan (NPL) to Total Loan Net Non Performing Loan to Net Loan Cost of Funds Local Currency All Currencies 4.5 4.6 4.7 4.8 4.9 4.10 4.11 CD Ratio (as per NRB Directive) Total Loan Loss Provision to Total NPL Loans and Advances to Deposit Ratio Net Liquid Assets/ Deposits (as per NRB Directive) Net Worth Per Share (Rs) Total Assets Per Share (Rs) Number of Equity Shares 7.33 6.43 83.67 95.63 80.17 24.35 235.83 2,719 20,297,694 7.33 6.43 83.66 95.63 80.17 24.35 235.71 2,708 20,297,694 6.97 6.03 83.89 120.40 78.42 20.61 221.80 2,703 20,297,694 6.97 6.03 83.90 120.40 78.42 20.61 221.71 2,706 20,297,694 6.08 5.31 85.34 150.23 80.22 22.13 269.28 3,522 14,491,240 6.08 5.31 85.34 150.23 80.22 22.13 269.28 3,522 14,491,240 11.44 2.61 1.12 11.28 2.61 1.12 11.14 1.83 0.63 14 Jan 2011 11.00 1.83 0.63 10.91 1.57 0.20 13 April 2010 10.91 1.57 0.20

For the Period Ending 5. Additional Information 13 April 2011 14 Jan 2011 13 April 2010

5.1 5.2 5.3 5.4 5.5 5.6 5.7 Note: 1 2 3 4 5

Price Earning (Annualized) Earning Per Share (Annualized) (Rs) Average Yield LCY Average Cost LCY Average Interest Spread LCY Return on Equity (Annualized) Return on Assets (Annualized)

19.48 62.52 11.29 7.24 4.05 29.74 2.23

19.54 62.33 11.29 7.24 4.05 29.65 2.22

20.24 65.71 11.10 7.17 3.92 32.08 2.35

20.31 65.49 11.10 7.17 3.92 31.89 2.35

28.69 71.11 8.89 4.64 4.25 28.52 2.39

28.69 71.11 8.89 4.64 4.25 28.52 2.39

Figures are regrouped wherever necessary. Above figures may vary with the audited figures if amended by the external auditors and regulators. Group represents Nabil Bank Ltd. (Nabil) and its subsidiary Nabil Investment Banking Ltd. (Nabil Invest). All inter company transactions among Group have been eliminated in the above statement related to Group. Reserve and Surplus reported under group includes Rs.135,924.80 against absorption of previous year's retained loss of Nabil Invest by the Minority Shareholder at the time of investment during the 3rd quarter.

1. -

Related Party Disclosure The Bank has entered into a Service Level Agreement with Nabil Invest to provide various operational supports for a fee of Rs.500K per annum. Till the end of 3rd quarter, the Bank received Rs.375K from Nabil Invest in line with this agreement. This figure was eliminated from the Profit and Loss Account of the Group. The Bank has held call deposit and time deposit of Nabil Invest which stood Rs.83.4 million and Rs.5.3 million respectively as of 13th April 2011 (Chaitra end 2067). Till the end of 3rd Quarter, the Nabil Invest earned interest Rs.6.20 million from the Bank. These figures have also been eliminated from the Balance Sheet and Profit and Loss Account of the Group. Staff from the Bank have been deputed in various position of Nabil Invest for day to day operations. The remuneration is compensated to the Bank at cost. Management Analysis

-

-

2.

a.

b.

The Bank and the Group continues to record growth in its business volume and profit. Liquidity position during the period has been comfortable. However adversities has led to provisioning in some accounts to give cushion for uncertainties and that in turn led to lower than expected growth under profit. Bank has delineated long term and short term plans. Bank and its subsidiary expect to increase market share under various heads without compromising the quality. Management expects growth in volume and profitability through better product/service coverage and through expansion of clientele base and area.

3. Details Related to Legal Proceedings During the quarter under review, there were no legal cases of material nature filed by or filed against the Bank and filed by or filed against the promoter/ director for violating prevailing regulations or committing criminal offences and financial frauds. The Bank is contemplating to appeal at Revenue Tribunal against the decision of LTPO / IRD with regard to amended assessment for FY 2063-64. 4. Analysis of Bank's shares transactions a. The management has no comment on the share transactions at Nepal Stock Exchange as it is operating under the supervision of Securities Board of Nepal. b. Maximum, Minimum, Last transaction prices, total traded days and total traded volume during the quarter: maximum: Rs. 1,406; minimum: Rs. 1,020; last transaction price: Rs. 1,218; total traded days: 55 days; total traded volume: 39,711 number of shares. 5. Problems and Challenges Internal: - Increased cost of operation, - Increased cost of resources, External: - Low growth of deposit leading to liquidity tightness, - Un-favorable BoP Situation - High inflation, - Lack of business friendly environment, - Political instability, - Cut throat competition among banks and financial institutions Bank's strategy to mitigate problems and challenges: - Introducing new products - Continuous improvement in service standards, - Expanding distribution network, - Analyzing each cost component minutely, - Cautious approach in business segments specially under lending, 6. Corporate Governance The Board of Directors, Audit Committee and senior management are committed to uphold good corporate governance practices in the Bank. Bank's organization structure and work flow has been devised keeping best corporate governance practices in mind. 7. Declaration of CEO about the truthfulness of financials/information I, CEO of the Bank, personally take the responsibility on the truthfulness of the information and particulars disclosed in this report. Further, I declare that the particulars mentioned in this report are true, fair and complete as far as I know and understand and have not concealed any necessary particulars, notices and information to the investors to take informed decisions.

Information

Annexure 14

3 pages

Find more like this

Report File (DMCA)

Our content is added by our users. We aim to remove reported files within 1 working day. Please use this link to notify us:

Report this file as copyright or inappropriate

961413


You might also be interested in

BETA
Annexure 14
aw1 1..1114