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 price of gold is rising day by day, how much is the transaction per tola today?
Kathmandu. The price of gold in the Nepalese market has exceeded three lakh 28 thousand rupees per tola. According to the Federation of Nepal Gold and Silver Traders, the price of gold in Chapawal was fixed at 328,600 rupees per tola on Tuesday. S...
Pokhara-Muglin road: The deadline for the western section has been extended for the third time
Kathmandu. Under the Prithviraj Highway, Pokhara-Muglin Road Expansion and Upgrading Project has been extended for the third time for the western section. This highway, which connects the tourist capital Pokhara to the federal capital Kathmandu, 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...
The new interest rate of commercial banks for the month of Baisakh has been announced, who's how much?
Kathmandu. The new interest rates announced by the commercial banks for the month of April have indicated a slight decline in deposits. Compared to Chait, the average interest rate of both personal and institutional deposits has decreased in Baisa...
National Life’s “Raising the Bar, Redefining Success”: Business Expansion Accompanied by Recognition of Outstanding Branches and Employees
Gorkha. National Life Insurance Company Limited has successfully concluded its four-day Branch Managers Conference at Hotel Manakamana Hillcrest Resort in Manakamana, Gorkha. Organized under the theme “Raising the Bar, Redefining Success,” the con...
What is the exchange rate of which foreign currency on Wednesday?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the determined exchange rate, the buying rate of one American dollar is 145 rupees 27 paisa and the selling rate is 145 rupees 87 paisa. Simi...



