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
Two white papers published by the government for the improvement of water and weather sector
Kathmandu. The government has released two white papers for strengthening the water and weather sector, making the flood warning system effective and disaster risk reduction. Hydrology and Water Resources Research Center and Department of Water an...
Advice to candidates by the Election Commission: Do not delay in opening a bank account
Kathmandu. The Election Commission has advised the House of Representatives candidates not to delay in opening bank accounts. In a press conference held on Friday, the commission informed all the candidates that they have to spend from this accoun...
Gold price increased on Friday, how much per tola?
Kathmandu. The price of gold has increased in Nepali market today. Gold tola has gone up by 900 rupees. According to the Nepal Gold and Silver Traders Federation, gold is being bought and sold at 296,900 rupees per tola today. Today, the price of...
An increase of 8.97 points in NEPSE, turnover above 11.1 billion
Kathmandu. On the fifth trading day of the week, the NEPSE index increased by 8.97 points to 2671.07. During the day, 277780584 shares of 337 companies were bought and sold, totaling 11.10 billion 25 million shares. Today, while the share price of...
What is the value of the dollar?
Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to Rashtra Bank, the buying rate of one US dollar has been fixed at 152 rupees 82 paisa and the selling rate is 153 rupees 42 paisa. The buying...
Riders of Pathao and Indrive must take mandatory PAN
Kathmandu. The government has brought ride-sharing services such as Pathao and InDrive under the ambit of taxation and implemented a new legal arrangement related to Value Added Tax VAT.
The Internal Revenue Department has issued a public no...



