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
The government does not listen to the warning of IT professionals that the digital economy will be lost
Kathmandu. Professionals in the information technology and software services sector have requested the government to give high priority to the IT industry through the budget of the next financial year 2083 and 84.
The pre-budget recommendati...
New interest rate of commercial banks for August announced, how much of which bank?
Kathmandu. The rate of interest of commercial banks has continued to decrease. This is shown by the details of the new interest rates released by the commercial banks for the month of August. Compared to July, the average interest rate for both in...
New interest rates of commercial banks for the month of November announced, who reduced how much?
Kathmandu. Commercial banks have published new interest rates for the month of November. According to the published information, 10 out of 20 commercial banks have reduced the maximum interest rate of personal term dep...
NEPSE decreased by 28.92 points throughout the week, how much is the transaction on which day?
Kathmandu. This week, NEPSE index decreased by 28.92 points and reached 2642.15 points. The NEPSE, which closed at 2671.07 points last week, decreased by 28.92 points to 2642.15 points this week. The market was open for two trading days this week....
Adding 'Overhead Canopy Bridge' on Narayangadh-Butwal road section
Nawalpur. Two more 'overhead canopy bridges' are going to be constructed in the forests of the Narayangadh-Butwal road section under the East-West Highway. According to the Asian highway standards, preparations are underway to construct two overhe...
Foreign currency exchange rate: What is the value of dollars, euros and pounds?
Kathmandu. Nepal Rastra Bank has determined the official exchange rate of foreign currency for today. According to the central bank, the buying rate of one US dollar has been fixed at 152 rupees 40 paise and the selling rate has been fixed at 153...



