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 exchange rate of foreign currency exceeds 153 rupees in the US dollar, how much more?

Kathmandu. Nepal Rastra Bank has published the official exchange rate of foreign currency for today. According to the Central Bank, today the buying rate of one US dollar is 153 rupees 16 paisa and the selling rate is 153 rupees 76 paisa.

Si...

Petrol and diesel prices stable

Kathmandu. Nepal Oil Corporation has decided to continue the retail sale price of petroleum products. Despite receiving the new purchase price from Indian Oil Corporation (IOC), the Board of Directors' meeting held on Monday decided not to change...

What is the exchange rate of which foreign currency on Sunday?

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 US dollar is 146 rupees 88 paisa and the selling rate is 147 rupees 48 paisa. Similarly,...

In the semi-annual review, the income-expenditure of the government is weak, the capital expenditure is limited to 12 percent

Kathmandu. In the half-yearly review of the current financial year 2082 and 83, both the income and expenditure of the government are seen to be weak. According to the Comptroller General's Office, the central government's income has been limited...

What is the exchange rate of which foreign currency on Tuesday?

Kathmandu. Nepal Rastra Bank has determined the exchange rate of foreign currency for today. According to the fixed exchange rate, the buying rate of one US dollar is 147 rupees 43 paisa and the selling rate is 148 rupees 3 paisa. The buying rate...

Bellybridge being installed at Arughat

Gurkha. The Nepali Army and Gorkha Road Plan have jointly started the work of installing a bailey bridge at Arughat. Last Sunday, the Budhi Gandaki flood swept away a part of the Arughat bridge connecting Gorkha and Dhading. The construction of Be...