FIRST QUARTER ANALYSIS OF FY 2069/70A Comparative Analysis of Commercial Banks About Us: IMS Investment Management Services Pvt. Ltd. is a service provider for investing in Nepal Capital market through its web portals sharesansar and commoditysansar. IMS was established on 7th March, 2011 under the company act of 2063. We are committed to the fundamental principles: Integrity, Service and Performance. The company principal activities consist of all the clerical, administrative and research works that are required for investing in the Nepal Stock market for its Corporate and Individual clients on a personalized note. Sharesansar is a complete financial web portal, running successfully since last 22 months in Nepal. ShareSansar updates your financial world related to Nepal Share market to the general public in a most common way all over the world. Our website caters more than 1,50,000 plus hits and 4,000 plus unique visitors on a daily basis. We are committed to stand sharesansar most dependable financial web platform for any financial news and information in Nepal. Sharesansar is the only updated and seamless website covering all the major aspects of share market of Nepal. Our main objective behind publishing this report is to aware general share market investors about the performance of commercial banks in first quarter of fiscal year 2069/70. Click the image above 11st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks Net Profit: Despite the various issues, the net profit growth in the first quarter of the current fiscal year 2069/70 has stood more than the market’s expectation. We shall assume that the general public prospect has changed drastically towards the banking sector in spite of the various economic and political crises prevailing in the country lately. With the increase in liquidity position in the commercial banks than that of the previous fiscal year, the commercial banks have been gradually lowering their interest rate in deposits (both fixed and saving accounts); however, they were reluctant to lower the interest rate in the same ratio in various lending products due to various reasons, which ultimately led to high interest spread resulting in higher net profit of the commercial banks. The outcome of this high spread was seen in the first quarter report as their Net profit increased by whopping 42.77% compared to the first quarter of the corresponding fiscal year. Regardless of many financial, economical and political crisis and obstacles in the country, the Banking industry has come out much stronger during the review period. The total Net Profit earned by all the 32 commercial banks stood at NPR 3.82 billion for the first quarter of fiscal year 2069/70 compared to NPR 2.67 billion of the corresponding previous fiscal year. During the review period, Nabil Bank Limited (NABIL) has the highest net profit among all the commercial banks. 2 (Figure in ‘000’) Banks Net Profit (Rs.) Market Share (In %) Rank NABIL 592,280 15.51% 1 NIBL 476,173 12.47% 2 SCB 331,822 8.69% 3 EBL 327,647 8.58% 4 ADBNL 307,122 8.04% 5 Figure: Net Profit of Top Five Commercial Banks (Figure in ‘000’) Banks Net Profit (Rs.) Market Share (In %) Rank NABIL 592,280 15.51% 1 NIBL 476,173 12.47% 2 SCB 331,822 8.69% 3 EBL 327,647 8.58% 4 HBL 200,133 5.24% 5 Figure: Net Profit of Top Five Commercial Banks excluding Government Banks The market share of the top five commercial banks stood around 53.30% which is more than that of the previous quarter of 40%. But in comparison to the corresponding fiscal year first quarter report, it has dropped by 1.38%. There has also been shuffling in the market position of the commercial banks; NABIL, NIBL and EBL have moved up the ladder whereas ADBL and SCB have come down in their market position. However, the market share being above 50% shows that these banks have maintained a strong hold in the market among other commercial banks. (In %) Banks Change in Net Profit (Increase) Banks Change In Net Profit (Decrease) Mega 1124.66 MBL -8.36 C&T Bank 1038.97 Grand -21.06 Civil Bank 259.94 SBL -22.78 NCCB 114.96 KBL -52.83 NMB 109.35 Century Bank -68.29 Figure: Change in Net Profit of Top Five Commercial Banks1st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks During the review period, Mega Bank Limited was able to increase its net profit by 1124.66 percent whereas Century Commercial Bank Limited stood worst, as its profit decreased by 68.29 percent. In the given table above we can see that; the top net profit earning banks have not appeared in the list which suggests that these banks’ capacity of earning profit is at the saturation point and their growth rate is static. Also, we can assume that the most of the new commercial banks’ base is small compared to the old banks, so their growth rate is bound to be higher than compared to old commercial banks. Operating Profit Before Provision: During the review period, total operating profit before provision of the commercial banks grew by 41.68% to NPR 6.73 billion as compared to the corresponding first quarter of the previous financial year. It is obvious that the growth of operating profit results in the growth of the net profit too, but the gap between net profit and operating profit before provision during the fiscal year 2069/70 year is less compared to the corresponding fiscal year. The cause of this lies in the income from other non-operating activities, less provision for possible losses, recovery of bad loan, etc. Nabil Bank Limited had the highest operating profit before provision among all the banks during the review period. Whereas, Kist Bank Limited which had the second highest decline in the change of operating profit before provision in the previous quarter, i.e. 4th quarter of the fiscal year 2068/69 fiscal year; came out with the highest incline growth rate of 454.06% this time. On the other hand Lumbini Bank Limited had a significant drop in operating profit of 5.85%. (Figure in ‘000’) Banks Operatng Profit Before Provision (Rs.) Market Share Rank NABIL 808,641 12.01% 1 NIBL 670,075 9.95% 2 EBL 538,009 7.99% 3 SCB 507,861 7.54% 4 ADBNL 438,254 6.51% 5 Figure: Operating Profit Before Provision of Top Five Commercial Banks (In %) Banks Change in Oerating Profit (Increase) Banks Change in Oerating Profit (Decrease) KIST 454.06 Grand 14.11 C&T Bank 275.87 BOK 8.91 NCCB 240.22 NBBL 4.91 MBL 209.66 SCB -3.82 Civil Bank 154.31 LUMBINI -5.85 Figure: Change in Operating Profit Before Provision of Top Five Commercial Banks Cost of Fund, Net Interest Spread and Net Interest Income: With the improving liquidity situation of the banking sector as compared to the previous fiscal year, the banks have lowered their interest rate in the deposits but the lending rate has not declined in the same ratio. Because of which the cost of fund that stood around 8.66% in the corresponding quarter of previous financial year has come down to 6.42% in this quarter. Likewise, their net interest spread has also improved during the review period as it stands at 4.20% which is higher by 0.99% than the corresponding first quarter fiscal year rate of 3.21%. Despite the increase in both cost of fund and net interest spread 31st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks rate; the higher costing deposit in the form of higher yield fixed deposits with longer maturity period collected during the time of liquidity crises makes it difficult for the commercial banks to immediately lower the interest rate on loan. However, the prevailing improvement in both average cost of fund and increase in average net interest spread have contributed to rise in the net interest income of commercial banks. During the review period, Net Interest Income of banking industry amplified by 32.02% compared to first quarter of 2068/69. Overall Net interest Income stood at NPR 9.07 billion. (In %) Banks Cost of Fund (Low) Banks Cost of Fund (High) SCB 2.59 Sanima Bank 7.88 RBB 3.79 LUMBINI 7.95 Nepal Bank 4.11 Bank of Asia 8.08 Citizen Bank 4.31 Civil Bank 8.51 NSBI 4.82 Grand 8.61 Figure: Cost of Fund of Top Five Commercial Banks The old commercial banks of Nepal which were less affected by the liquidity crunch in the previous fiscal year still maintained high positions in operations with less cost of funds. Standard Chartered Bank Nepal Ltd. had the lowest cost of funds among all the commercial banks i.e. 2.59% and Grand Bank Ltd. previously known as DCBL Bank Ltd. had the highest cost of fund with 8.61%. (In %) Banks Net interest Spread (High) Banks Net interest Spread (Low) NBBL 5.64 Grand 3.48 EBL 5.53 Prime Bank 3.48 Nepal Bank 5.48 SBL 3.37 C&T Bank 4.85 Janata 2.96 KIST 4.75 MBL 2.31 Figure: Net Interest Spread of Top Five Commercial Banks During the review period, Nepal Bangladesh Bank Ltd. had the highest net interest spread of 5.64% whereas Machhapuchhare Bank Ltd. had the lowest i.e. 2.31%. Similarly, Nepal Credit and Commerce Bank Ltd. had the highest change in net interest income with 116.68% whereas Grand Bank Ltd. with its high cost of fund led to decrease in its net interest income by 15.50%. (In %) Banks Change in Net Interest Income (Increase) Banks Change in Net Interest Income (Decrease) NCCB 116.68 Bank of Asia 7.40 Civil Bank 96.98 LUMBINI -1.79 Century Bank 92.95 Sunrise Bank -5.55 MBL 83.51 SCB -5.84 Mega 79.35 Grand -15.50 Figure: Change in Net Interest Income of Top Five Commercial Banks Deposits: The deposit of commercial banks as of the first quarter of the current fiscal year has increased by 21.57% compared to the corresponding previous fiscal year. During the liquidity crunch faced last 41st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks fiscal year, the commercial banks were in a serious dilemma to attract high deposits by launching lucrative fixed deposit schemes with higher lending rate which mainly contributed to this growth. But with the gradual lowering down deposit interest rate in this quarter has again led people to divert their deposits in ‘B’ and ‘C’ category financial institutions which provide a higher yield in deposits than commercial banks. An overall deposit of the banking sector was NPR 881.40 billion at the end of the first quarter of the fiscal year 2069/70. The banks have mobilized this large deposit at higher interest spread in the market which has eventually led to the higher return in their profits. This quarter also Rastriya Banijaya Bank Limited had the largest amount of deposits among all commercial banks whereas Nabil Bank Limited lead the race excluding government category banks. During the review period, new commercial banks like Century, Civil, Commerz & Trust, Janata have still maintained higher deposit growth rate like in the previous ending quarter. This is probably because of their higher deposit interest rate. (Figure in ‘000’) Banks Total Deposits (Rs.) Market Share Rank RBB 87,663,786 9.95% 1 NABIL 59,467,269 6.75% 2 Nepal Bank 56,113,589 6.37% 3 NIBL 54,434,328 6.18% 4 NSBI 51,697,952 5.87% 5 Figure: Total Deposits of Top Five Commercial Banks (In %) Banks Change in Deposit (Increase) Banks Change in Deposit (Decrease) Century Bank 276.31 HBL 8.17 Civil Bank 143.92 NIC 7.92 C&T Bank 108.28 Bank of Asia 6.56 Janata 107.43 NIBL 5.50 Global IME 72.16 SCB -14.03 Figure: Change in Deposits of Top Five Commercial Banks Loans and Advances: The loans and advances this quarter grew in the same proportion as of Deposits. During the review period the loan and Advance of the commercial bank moved up by 22.03%. Despite all the political instability and chaos in the country, the banks have still managed to increase its loans and advance portfolio amounting to NPR 649.30 billion. The newer commercial bank still maintained substantial growth in lending compared to the previous first quarter of the 2068/69 whereas most of the old banks had meager growth which can be seen from the table below. As per the Nepal Rastra Bank directives, out of the 32 commercial banks in the country, none of them has exceeded higher loan exposure to the mentioned real estate sector i.e. above 25 percent. Among the given commercial banks Grand Bank Limited had the highest percentage of loan exposure in real estate sector i.e. 21.21% whereas Agricultural Development Bank had the lowest share i.e. 0.64%. With the real estate business being in the downhill and less attractive to invest because of more of doubtful debts, the commercial 51st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks (In %) Banks Change in Real Estate Loan (Increase) Banks Change in Real Estate Loan (Decrease) Grand 21.21 RBB 5.09 Prime Bank 19.51 C&T Bank 4.93 SBL 18.79 NSBI 3.97 Citizen Bank 17.37 Mega 2.60 NIBL 17.24 ADBNL 0.64 Figure: Investment in Real Estate Loan/Total Provision of Top Five Commercial Banks As per the Nepal Rastra Bank directives, provision of one percent of each loan is mandatory to follow for the commercial banks and further increment in the provision percent depends upon the state of the loan. The overall provision for possible losses stood at NPR. 2.38 billion which has increased by 85.28% compared to the previous first quarter of the 2068/69 fiscal year. The given figure suggests that the banks are facing tough time in recovering loans on a timely basis; with slow recovery of real estate sector, closing down manufacturing industries amid political instability mainly attributed to the delay of principal and interest amount payment by the clients of the commercial banks. (Figure in ‘000’) Banks Total Provision (Rs.) (Increase) Banks Total Provision (Rs.) (Decrease) ADBL 324,344 Civil Bank 14,168 NABIL 163,237 C&T Bank 13,467 KBL 160,496 Bank of Asia 10,260 Prime Bank 147,979 SCB 9,503 NCCB 135,730 NIC 5,873 Figure: Total Provision of Top Five Commercial Banks 6 banks have diminished their exposure in this sector; an average bank real estate exposure has decreased to 10.41% compared to 13.45% of the previous financial first quarter. However, there have been significant growth in long term loans of commercial banks i.e. 15.88% during the review period compared to the same period of the previous fiscal year which signals that more loans were given to project financing for hydro power projects, industrial projects and other manufacturing and service sectors that can help in the sustainable growth of an overall economy. (Figure in ‘000’) Banks Total Loan & Advances (Rs.) Market Share Rank NIBL 44,407,331 6.84% 1 NABIL 42,417,190 6.53% 2 RBB 41,250,628 6.35% 3 ADBNL 39,779,747 6.13% 4 EBL 37,809,620 5.82% 5 Figure: Total Loans & Advances of Top Five Commercial Banks (In %) Banks Change in Loan and Advances (Increase) Banks Change In Loan and Advances (Decrease) Century Bank 262.34 NIC 7.35 Civil Bank 124.13 NABIL 5.12 C&T Bank 105.23 NIBL 4.38 Janata 104.86 SCB 3.50 Global IME 70.87 BOK 3.39 Figure: Change in Loan and Advances of Top Five Commercial Banks1st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks The write back of the possible losses figure was more than the double compare to the first quarter of previous financial year. This quarter the write back amount stood at NPR 1.20 billion compared to NPR 0.55 billion in previous fiscal year first quarter. ( In Rs ) Banks Write back (Rs.) NABIL 282,242 ADBL 178,853 NIBL 164,411 RBB 103,619 Nepal Bank 97,094 Figure: Total Write Back from Possible Losses of Top Five Commercial Banks Non Performing Loan (NPA): During the review period, the non performing loan from the commercial banks was lower than the previous fiscal year first quarter. Average non-performing loan decreased by socking 19.63 percent to 2.40 percent in the first quarter of this fiscal year. This figure suggests that the banking business environment is slowly improving in the country. Out of the 32 commercial banks, only 3 banks NPA remained above 5% which is regarded riskier according to NRB dictums. (In %) Banks NPA (Most) Banks NPA (Least) RBB 6.95 NSBI 0.49 ADBL 5.88 Sanima Bank 0.47 Nepal Bank 5.85 Janata 0.40 KBL 4.42 Civil Bank 0.00 KIST 3.98 Century Bank 0.00 Figure: NPA of Top Five Commercial Banks Credit Deposit (CD) Ratio: The commercial banks are supposed to maintain up to 80 percent CD ratio as per the NRB directives. Accordingly, only Nepal SBI Bank Limited has been able to meet up to the requirement; whereas all other remaining commercial banks had less than 80 percent CD ratio. The old banks like Nepal Bank, Rastriya Banijaya Bank have less than 60 percent CD ratio which suggests that they are unavailable to utilize the full capacity as per the NRB directives because of the lack of stable investment opportunity and poor corporate governance. The average credit deposit ratio of the commercial banks stood at 73.52% during the review period which is higher by a meager 0.04% than the previous fiscal year first quarter. (In %) Banks CD Ratio (Most) Banks CD Ratio (Least) NSBI 80.05 BOK 68.34 Prime Bank 79.80 NBBL 65.21 Mega 79.59 SCB 62.49 Janata 79.24 Nepal Bank 56.03 Sunrise Bank 79.07 RBB 47.06 Figure: CD Ratio of Top Five Commercial Banks Earnings per Share (EPS) and Return on Equity (ROE): The more the EPS the merrier it is for the company, as the viability of any business depends on the income it can generate. Earnings per share allow us to compare different companies’ power to make money. During the review period, the average EPS of commercial banks was NPR 21.29, which is 15.61 percent higher than the previous year 71st Quarterly Financial Highlights of 2069/70 fiscal year A Comparative Analysis of Commercial Banks first quarter. Whereas, out of 32 commercial banks only 8 banks were able to earn above industry average. During the review period, Nabil Bank Limited had the highest EPS i .e. NPR 97.27 whereas Century Commercial Bank had the lowest EPS of NPR 0.67. (In Rs) Banks EPS (Rs.) (Most) Banks EPS (Rs.) (Least) NABIL 97.27 SBL 5.01 EBL 81.85 KBL 4.98 SCB 71.68 KIST 2.28 NIBL 63.22 MBL 1.09 NIC 37.99 Century Bank 0.67 Figure: EPS of Top Five Commercial Banks The average return on equity was 10.51% compared to 9.26% of previous fiscal year first quarter. This quarter the commercial banks have been able to increase their profit in the ratio of their paid up capital growth. ROE is one of the best financial performance indicators of a company. The mandatory requirement of NRB to raise paid up capital of commercial banks up to NPR 2 billion till the end of the 2069/70 fiscal year, has somewhat slackened the banking sector growth on their EPS and ROE. (In %) Banks ROE (Most) Banks ROE (Least) NABIL 39.19 KIST 2.02 SCB 29.80 MBL 1.02 EBL 30.16 Century Bank 0.63 NIBL 28.51 Nepal Bank -4.21 NIC 22.78 RBB -30.94 Figure: ROE of Top Five Commercial Banks Price to Earnings Ratio, Price to Book Ratio and Net worth: The P/E ratio signifies the market’s willingness to pay for the company’s earnings. The higher the P/E the more the market is willing to pay for the company’s earnings. The investors take the P/E ratio as a tool to measure the price of companies’ stock. If the P/E ratio stands around 10-15 then it is regarded as correctly values as per the international standard; above it, it is taken as overpriced and under it, it is taken as under priced. The P/E ratio also indicates the market has high hopes for this stock’s future and has bid up the price. An overall average P/E ratio of the banking industry stood 23.60 times compared to 20.95 times of previous fiscal year first quarter which indicates that the price of commercial banks in secondary markets are overpriced. Out of the 32 commercial banks, 8 companies P/E ratios were above average level. (Note: the stock price of 12th November was taken to calculate the P/E ratio of commercial banks) Price-to-book ratio is another ratio which is used to find undervalue securities. It is just a ratio of the market price of a company’s shares (share price) over its book value of stock. Standard Chartered Bank had a highest P/B ratio of 8.11 times whereas Nepal Credit and Commerce Bank had a lowest P/B ratio of 1.13 times. (In Times) Banks PE Ratio (Most) Banks PE Ratio (Least) MBL 183.13 ADBNL 15.12 SBL 67.72 NABIL 14.96 KIST 57.02 NMB 12.65 KBL 54.03 NCCB 12.00 LUMBINI 42.79 NIBL 10.60 Figure: P/E ratio of Top Five Commercial Banks 8A Comparative Analysis of Commercial Banks (In Times) Banks P/B ratio (Most) Banks P/B Ratio (Least) SCB 8.11 NBBL 1.49 NABIL 5.86 Janata 1.39 EBL 4.27 ADBL 1.27 NSBI 3.93 KIST 1.15 HBL 3.83 NCCB 1.13 Figure: P/B ratio of Top Five Commercial Banks ( In Rs ) Banks NET WORTH EBL 271.37 NABIL 248.19 SCB 240.54 NIBL 221.72 HBL 213.89 Figure: Net worth of Top Five Commercial Banks Conclusion: As expected, the first quarterly financial report for the 2069/70 fiscal year ended with a positive note for the entire ‘A’ class financial institutions of Nepal. Mainly, the ease of the liquidity situation has resulted in lower down the deposit rates, which ultimately have helped the banks to enjoy high interest spread in the market. Apart from it, there has also been a drastic improvement in the write back of the provisions which also have contributed a lot in the increment of net profit of the banks in the first quarter of the review period. Even though the write back has improved by more than 100% this time , it may be uncertain to follow the similar trend in the quarters coming ahead which would surely impact upon the growth of net profit of the commercial bank. Likewise, declining NPA trend, increasing remittance flow in the industry and gaining confidence towards commercial banks will surely promote a favorable banking environment in the days ahead. With the immense improvement in the overall banking performance, investors are now optimistic with better returns this fiscal year; the same thing can be assumed from the recent surge in the index level of the NEPSE after the publication of 1st quarterly financial reports of the companies. However, prevailing political deadlock, sluggish economic condition, widening trade deficit, high inflation rate, unfavorable manufacturing industry environment, lack of full fledged budget, noncompletion of big projects on time and the delay in the decision 9 making process are creating a major problem in advancing an overall banking industry in the economy. In spite of all these hindrances, the Central Bank is actively involved in shaping this sector in a safe, strong and trustworthy body. NRB directives like merger policy, stringent corporate governance, etc. to name a few will surely post a positive impact in the long term of an overall banking industry of Nepal. An overall performance of the banking system is satisfactory taking in note the number of problems faced by the country last fiscal year. Likewise, the number of steps taken by the NRB is a positive sign and this will surely result in good performance in the days ahead.A Comparative Analysis of Commercial Banks Annex 1st Quarterly Financial Highlights of 2069/70 fiscal year (Figure in ‘000’) Particulars 1st Quarter 2069/70 1st Quarter 2068/69 Difference (In figure) % Change Total Net Profit (In Rs.) 3,817,789.05 2,674,041.97 1,143,747.08 42.77% Total Operating Profit Before Provision (In Rs.) 6,732,632.80 4,751,847.06 1,980,785.74 41.68% Total Net Interest Income (In Rs.) 9,066,008.30 6,867,309.76 2,198,698.54 32.02% Total Deposits (In Rs.) 881,400,377.33 724,995,924.41 156,404,452.92 21.57% Total Loans and Advances (In Rs.) 649,300,406.07 532,074,434.70 117,225,971.37 22.03% Total Investment (In Rs.) 189,401,541.20 153,704,744.38 35,696,796.82 23.22% Total Provision (In Rs.) 2,384,185.70 1,286,832.28 1,097,353.42 85.28% Write back from possible losses (In Rs.) 1,190,786.84 552,530.00 638,256.84 115.52% Net Write back (In Rs.) -1,193,398.86 -734,302.28 -459,096.58 62.52% Average CD ratio 73.52% 73.48% 0.04% 0.06% Average Non Performing Loan 2.40% 2.99% -0.59% -19.74% Average Cost of Fund 6.42% 8.66% -2.24% -25.87% Average Interest Yield 10.70% 12.10% -1.40% -11.57% Average Net Interest Spread 4.20% 3.21% 0.99% 30.78% Annualized Average Earning Per Share (EPS) (In Rs.) 21.29 18.42 2.87 15.61% Annualized Average Return on Equity (ROE) 10.51% 9.26% 1.24% 13.43% Annualized Average Return on Asset (ROA) 1.24% 1.04% 0.21% 19.90% Annualized Average Price-to-Earning (P/E ratio in Times) 23.60 20.95 2.65 12.63% Average Price to Book Ratio (P/B ratio in Times) 1.97 1.88 0.09 4.79% Average Net worth (In Rs.) 132.16 74.56 57.6 77.25% 10A Comparative Analysis of Commercial Banks Annexure Paid up capital (Figure in Rs ‘000’) ADBNL 9,474,300 RBB 5,497,610 NIBL 3,012,924 MBL 2,478,795 NABIL 2,435,723 HBL 2,400,000 Prime Bank 2,245,746 GLOBAL IME 2,184,812 Citizen Bank 2,101,840 NSBI 2,093,990 Sanima Bank 2,016,000 Sunrise Bank 2,015,000 NBBL 2,009,396 Janata 2,000,000 KIST 2,000,000 NMB 2,000,000 Grand 2,000,000 Bank of Asia 2,000,000 SCB 1,851,693 Nepal Bank 1,772,828 EBL 1,761,126 LAXMI 1,694,081 BOK 1,684,397 Mega 1,631,000 SBL 1,619,244 KBL 1,603,800 LUMBINI 1,601,600 C&T Bank 1,400,000 NCCB 1,400,000 NIC 1,311,552 Civil Bank 1,200,000 Century Bank 1,080,000 Reserve (Figure in Rs ‘000’) ADBNL 5,156,399 NIBL 3,667,234 NABIL 3,609,555 EBL 2,743,823 HBL 2,733,328 SCB 2,602,299 NSBI 1,370,300 BOK 1,169,243 NBBL 1,005,776 KBL 905,506 GLOBAL IME 884,148 NIC 875,243 LAXMI 867,999 SBL 719,557 Prime Bank 600,390 NCCB 589,710 LUMBINI 456,516 Grand 450,244 NMB 390,325 KIST 254,966 Bank of Asia 247,031 Citizen Bank 246,972 Sunrise Bank 188,328 Mega 179,790 Sanima Bank 167,827 MBL 149,571 Janata 87,664 Century Bank 79,581 C&T Bank 58,858 Civil Bank 54,505 Nepal Bank (4,422,331) RBB (8,094,159) Deposit (Figure in Rs ‘000’) RBB 87,663,786 NABIL 59,467,269 Nepal Bank 56,113,589 NIBL 54,434,328 NSBI 51,697,952 EBL 50,050,860 HBL 48,153,054 ADBNL 45,982,920 SCB 34,993,694 GLOBAL IME 28,103,842 SBL 25,287,372 BOK 24,592,548 Prime Bank 23,206,986 LAXMI 22,568,569 KBL 22,542,702 MBL 21,858,087 NIC 20,606,928 Sunrise Bank 20,582,722 KIST 20,130,496 NCCB 17,699,411 Citizen Bank 17,598,821 NMB 15,957,123 NBBL 15,763,216 Bank of Asia 15,264,334 Grand 14,889,046 Sanima Bank 12,746,059 Mega 10,925,415 Civil Bank 10,336,312 Janata 9,204,465 LUMBINI 8,598,488 C&T Bank 7,381,852 Century Bank 6,998,131 Loan and Advances (Figure in Rs ‘000’) NIBL 44,407,331 NABIL 42,417,190 RBB 41,250,628 ADBNL 39,779,747 EBL 37,809,620 HBL 37,215,646 Nepal Bank 29,819,108 NSBI 27,976,206 GLOBAL IME 22,968,611 SBL 20,876,581 Prime Bank 20,208,418 SCB 19,290,925 BOK 19,028,646 KBL 19,015,384 LAXMI 18,189,647 MBL 16,997,154 Sunrise Bank 16,955,639 KIST 16,687,350 Citizen Bank 15,597,219 NIC 15,449,721 NCCB 14,652,815 NMB 14,295,718 Bank of Asia 13,067,958 Grand 12,251,465 Sanima Bank 11,636,961 NBBL 11,503,394 Mega 10,226,799 Civil Bank 9,149,295 Janata 9,068,343 LUMBINI 8,104,950 C&T Bank 6,995,893 Century Bank 6,406,044 11A Comparative Analysis of Commercial Banks Net Write Back (Figure in Rs ‘000’) NABIL 119,005 NIBL 78,881 RBB 55,386 Nepal Bank 51,451 SCB 6,645 BOK (3,021) NIC (5,873) Grand (6,710) Bank of Asia (10,260) NBBL (13,165) C&T Bank (13,467) Civil Bank (14,168) NMB (14,493) Sanima Bank (19,318) Century Bank (22,039) EBL (24,448) Janata (24,670) LUMBINI (25,544) Sunrise Bank (29,817) Mega (39,686) LAXMI (51,538) NSBI (57,727) Prime Bank (61,412) NCCB (92,441) Citizen Bank (102,474) MBL (105,774) HBL (108,414) KIST (120,214) SBL (125,981) GLOBAL IME (128,351) KBL (138,271) ADBNL (145,491) Net Profit (Figure in Rs ‘000’) NABIL 592,280 NIBL 476,173 SCB 331,822 EBL 327,647 ADBNL 307,122 RBB 200,863 HBL 200,133 NSBI 162,130 BOK 152,801 NIC 124,559 NMB 90,135 Prime Bank 89,829 LAXMI 86,601 GLOBAL IME 83,824 Citizen Bank 67,057 Bank of Asia 65,020 NBBL 61,204 Sanima Bank 54,244 NCCB 46,961 Sunrise Bank 44,945 Grand 43,690 Nepal Bank 27,908 Janata 27,112 Mega 26,024 LUMBINI 24,514 Civil Bank 22,669 C&T Bank 20,342 SBL 20,263 KBL 19,964 KIST 11,400 MBL 6,734 Century Bank 1,819 Net Worth (Figure in Rs ) EBL 271.37 NABIL 248.19 SCB 240.54 NIBL 221.72 HBL 213.89 BOK 169.42 NIC 166.73 NSBI 165.44 KBL 156.46 ADBNL 154.43 LAXMI 151.24 NBBL 150.05 SBL 144.44 NCCB 142.12 GLOBAL IME 140.47 LUMBINI 128.50 Prime Bank 126.73 Grand 122.51 NMB 119.52 KIST 112.75 Bank of Asia 112.35 Citizen Bank 111.75 Mega 111.02 Sunrise Bank 109.35 Sanima Bank 108.32 Century Bank 107.37 MBL 106.03 Civil Bank 104.54 Janata 104.38 C&T Bank 104.20 RBB (47.23) Nepal Bank (149.45) CD Ratio (Figure in %) NSBI 80.05% Prime Bank 79.80% Mega 79.59% Janata 79.24% Sunrise Bank 79.07% KBL 78.93% Civil Bank 78.65% Century Bank 78.53% LAXMI 78.09% NIBL 78.00% SBL 77.70% Bank of Asia 77.43% Sanima Bank 77.42% C&T Bank 77.42% LUMBINI 77.28% NMB 77.11% NCCB 75.95% GLOBAL IME 75.56% KIST 74.63% ADBNL 74.42% NIC 72.68% Grand 72.02% Citizen Bank 71.60% NABIL 71.60% EBL 70.88% HBL 70.53% MBL 69.37% BOK 68.34% NBBL 65.21% SCB 62.49% Nepal Bank 56.03% RBB 47.06% 12A Comparative Analysis of Commercial Banks ROE (Figure in %) NABIL 39.19% EBL 30.16% SCB 29.80% NIBL 28.51% NIC 22.78% BOK 21.42% NSBI 18.72% HBL 15.59% NMB 15.08% LAXMI 13.52% Prime Bank 12.62% Bank of Asia 11.57% Citizen Bank 11.42% GLOBAL IME 10.93% Sanima Bank 9.94% NCCB 9.44% ADBNL 8.40% Sunrise Bank 8.16% NBBL 8.12% Civil Bank 7.23% Grand 7.13% Mega 5.75% C&T Bank 5.58% Janata 5.19% LUMBINI 4.76% SBL 3.47% KBL 3.18% KIST 2.02% MBL 1.02% Century Bank 0.63% Nepal Bank -4.21% RBB -30.94% P/E Ratio (Figure in Times) MBL 183.13 SBL 67.72 KIST 57.02 KBL 54.03 LUMBINI 42.79 SCB 27.20 Janata 26.74 HBL 24.58 Grand 22.89 Sanima Bank 21.00 NSBI 20.99 GLOBAL IME 20.40 Sunrise Bank 19.39 Citizen Bank 18.34 NBBL 18.30 BOK 17.36 LAXMI 17.31 Prime Bank 16.44 ADBNL 15.12 NABIL 14.96 EBL 14.16 NMB 12.65 NCCB 12.00 NIBL 10.60 Mega - Civil Bank - Century Bank - Bank of Asia - C&T Bank - NIC - Nepal Bank - RBB - ROA (Figure in %) NABIL 3.38% SCB 3.21% NIBL 2.93% EBL 2.29% BOK 2.09% NIC 2.01% NMB 1.89% ADBNL 1.67% HBL 1.43% Bank of Asia 1.39% Sanima Bank 1.38% Prime Bank 1.35% LAXMI 1.32% Citizen Bank 1.29% NBBL 1.23% NSBI 1.11% GLOBAL IME 1.01% Grand 0.96% Janata 0.92% NCCB 0.91% C&T Bank 0.90% LUMBINI 0.88% RBB 0.82% Sunrise Bank 0.77% Civil Bank 0.76% Mega 0.72% KBL 0.30% SBL 0.28% KIST 0.20% Nepal Bank 0.18% MBL 0.11% Century Bank 0.09% 13 Disclaimer: The views expressed on this document are a general guide to the views of Share Sansar. Use or distribution of this document by any other person is prohibited. Copying any part of these materials without the written permission of Share Sansar is prohibited. Care has been taken to ensure the accuracy of content but no responsibility is accepted for any errors or omissions herein. The information and opinions in these materials have been complied or arrivedat based upon information obtained from sources believed to be reliable and in good faith. Share Sansar accepts no liability for any damages or any loss or damages of any kind arising from any use of the information herein. By BA BEEN BOGATI
Posted on: Fri, 19 Jul 2013 07:28:17 +0000
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