Kathmandu. NMB Bank Limited has earned a net profit of Rs 1.16 billion in the first three months of the current financial year 2083/84. This is an increase of 27.11 percent compared to Rs 916 million in the same period of the previous financial year. With this, the bank’s annualized earnings per share (EPS) also increased by 25.42 percent to Rs 23.83.
Similarly, the profit distributed to the shareholders of the bank has also improved. The annualized distributable profit per share increased by 43.88 per cent to Rs 11.64.
During this period, both the bank’s loans and deposits have increased. Total loans increased by Rs 8.09 billion to Rs 276.04 billion and total deposits increased by Rs 6.03 billion to Rs 324 billion. The bank’s total credit growth rate is above the average growth rate of the banking industry.
The NPA ratio declined to 4.92 per cent from 4.97 per cent in the previous quarter, indicating improvement in loan quality.
Similarly, the operating profit of the bank increased by 26.17 percent to Rs 1.89 billion. The estimated loss management expense (impairment charge) decreased by 29.66 percent to Rs 50.21 crore.
The capital fund ratio of the bank stands at 12.53%, reflecting the bank’s continuous commitment to capital strength, financial stability and sustainable banking practices.
