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
'Middleman's game' in banana prices, farmers' demand to fix minimum support price
Kathmandu. The Federation of Nepal Banana Producers has demanded the government to set the minimum support price for bananas. Through a press conference held on Tuesday, the federation said that such an arrangement is necessary to ensure fair pric...
NMB Bank launches Pre-Owned EV loan for personal and commercial purposes
Kathmandu. NMB Bank Limited has launched a second-hand EV loan facility with the aim of facilitating the purchase of old (second-hand) electric vehicles for individuals and various organizations. This initiative of the bank, which is prioritizing...
What is the exchange rate of which foreign currency on Monday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate for today, the value of the US dollar is stable. According to the determined exchange rate, the buying rate of one US...
The price of gold continues to rise, exceeding 277,000 tolas
Kathmandu. As the wedding season begins, the price of gold is constantly increasing. There have been some fluctuations in the price of silver. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of printed gol...
The price of gold increased again, how much is the transaction?
Kathmandu. Even today, the price of gold and silver has set a record in the local market. According to the Federation of Nepal Gold and Silver Traders, today the price of one tola of gold is 39,300 and the value of silver is 6,870.
According...
The price of petroleum products from India has increased, the price of gas and petrol has remained the same
Kathmandu. Nepal Oil Corporation has adjusted the price of petroleum products. After Indian Oil Corporation sent the new price of petroleum products, Nepal Oil Corporation has adjusted it. Accordingly, per liter petrol has increased by Rs 0.12, di...



