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
Collected more than 11 billion in Prime Minister's Disaster Fund
Kathmandu. Relief and financial support for the flood victims of Rasuwa is increasing. According to the Office of the Prime Minister and Council of Ministers, there is currently 11.55 billion 56 lakh 26 thousand 971 in the Prime Minister's Disaste...
Government's decision to give 50% customs tax exemption on import of petroleum products
Kathmandu. The government has decided to provide a 50 percent discount on customs duty and infrastructure development tax on the importation of petrol, diesel and kerosene. Federal Affairs and General Administration Minister Pratibha Rawal has inf...
Arun Valley Hydropower will give 5 percent bonus shares
Kathmandu. Arun Valley Hydropower Development Company Limited has proposed to distribute 5 percent bonus shares to shareholders and 0.263 percent cash dividend for tax purposes.
The meeting of the board of directors held on August 28 of the...
The Australian dollar, euro and pound fell, while the Bahraini dinar rose
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currencies for Monday. Even today, the US dollar remains at a high value. Some currencies, including the Bahraini dinar, have appreciated. According to Nepal Rastra Bank, the...
Nepal's public debt for the first time reached 30 trillion, 45.59 percent of GDP!
Kathmandu. The total public debt of Nepal has exceeded 30 trillion rupees for the first time. According to the Public Debt Management Office, the total public debt of the government has reached Rs. This is 45.59 percent of GDP.
By the end of...
Foreign currency exchange rates set for today
Kathmandu. Nepal Rastra Bank has determined the foreign currency exchange rate for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 151 rupees 63 paisa and the selling rate is 152 rupees 23 paisa. The buying rat...



