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
Government's crackdown on cooking oil, ban on reusing old utensils to misleading advertisements
Kathmandu. Keeping in mind the quality, purity and health safety of the consumers of edible oil sold in the Nepali market, the government has prepared to tighten production, packaging and sales distribution. The Nepal Quality and Weights and Measu...
An increase of 5.32 points in NEPSE, the turnover fell to 5.82 billion
Kathmandu. On the third trading day of the week, NEPSE index increased by 5.32 points to 2655.99. During the day, 1976,780 shares of 319 companies were bought and sold, and over 5.82 billion shares were traded. Today,...
26 years after the Baglung connecting track was opened, the road was blacked out
Baglung. After 26 years of the opening of the 'track', the locals are happy that the rural roads have been turned black. Mulpani-Titaure, Odarchaur-Dhodeni and Ganeshghumti-Nirayaghat roads connected to the district headquarters have been bl...
Reactivated after five years, Nepal-India joint agricultural system, emphasis on trade and technology
Kathmandu. The ninth meeting of the Joint Agriculture Working Group, which was formed with the aim of giving a new impetus to the strategic cooperation in the agricultural sector between Nepal and India, has been completed in Kathmandu after five...
The Nagdhunga-Sisnekhola Tunnel will be commercially operated from Saun
Kathmandu. The Nagdhunga-Sisnekhola Tunnel, Nepal’s first modern transport tunnel, is being prepared for full commercial operation from the second week of next Saun. Providing information on the project’s current progress and operational plan, Pro...
Fluctuations in the exchange rate of the dollar and the euro, the value of the currencies of the Gulf countries
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currencies for Wednesday. According to the new exchange rate announced by the Central Bank, today the buying rate of one US dollar is 152 rupees 27 paisa and the sel...



