NMB Bank's profit up by 27.11 percent: improvement in earnings per share and distributable profit
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 91.6 crore in the same period last financial year. Along with this, the bank's annualized earnings per share also increased by 25.42 percent to Rs 23.83. Similarly, the profit distributable to the shareholders of the bank has also improved. Annualized distributable profit per share increased by 43.88 percent to Rs 11.64.
Both bank loans and deposits have increased during this period. Total loans increased by 8.9 billion rupees to 2.76 billion 4 billion rupees, while total deposits increased by 6.3 billion rupees to 3.24 billion rupees. The total loan growth rate of the bank has been above the average growth rate of the banking industry.
The ratio of bad loans declined to 4.92 percent from 4.97 percent in the previous quarter, indicating an improvement in loan quality. Similarly, the bank's operating profit increased by 26.17 percent to Rs 1.89 billion. Impairment charges for probable loss management expenses decreased by 29.66 percent to Rs 500 crore 21 lakh 80 thousand. The bank's capital funding ratio stands at 12.53 percent, which reflects the bank's continued commitment to capital soundness, financial stability and sustainable banking practices.
Express
Related News
Today's foreign currency exchange rate: What is the value of major currencies including the dollar, euro and pound?
Kathmandu. Nepal Rastra Bank has fixed the foreign currency exchange rate for today. According to the Central Bank, today the buying rate of one US dollar is fixed at 152 rupees 80 paisa and the selling rate is 153 rupees 40 paisa.
Similarly...
Rastra Bank will collect 1 trillion 25 billion deposits today, more liquidity in the market
Kathmandu. Nepal Rastra Bank is going to collect deposits worth one trillion 25 billion rupees again this Friday to manage excess liquidity in the financial system. Even after two weeks of formation of the new government, since the liquidity press...
'Dedicated' and 'trunk line' tariff dispute: Commission's decision not to meet the demands of industrialists
Kathmandu. The Electricity Regulatory Commission has decided not to accept the demands of industrialists regarding the dedicated and trunk line tariff dispute. On Sunday, the commission decided not to submit the demand while hearing the case of Pa...
Young farmer's strawberry farming in Dang flourishing, business worth lakhs
Kathmandu. Due to agricultural technology and professional thinking, strawberry cultivation has started to flourish in Ghorahi area of Dang. Dasharath Saud, 27 years old from Kailali, has been doing business of lakhs from his strawberry farm on...
Tax arrears are coming up: The remaining amount has reached 94.95 billion
Kathmandu. In recent years, the outstanding tax arrears in Nepal have started to pile up. According to the Internal Revenue Department, by the end of the financial year 2081 and 2082, the outstanding amount including i...
What is the foreign currency exchange rate in dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has published the official exchange rate of foreign currencies for today. According to the new rate determined by the Central Bank, today the buying rate of one US dollar is 152 rupees 60 paisa and the selling rate is...



