43% Growth in Net Profit of NMB Bank

Jan 28, 2018 Merolagani



NMB Bank (NMB) has earned a net profit of Rs 1 billion in the second quarter of the current FY compared to Rs 700 million of the corresponding period of the last FY. The net profit increased nearly 43 percent in the review period.

During the period, the bank collected deposit of Rs 80.55 billion and extended loans of Rs 70.93 billion. In the review period, the bank earned a net interest income of Rs 1.50 billion.

NMB Bank has maintained a paid-up capital of Rs 6.46 billion during the period. The bank requires to meet the minimum paid-up capital of Rs 8 billion by the end of the current FY, thus, it still needs to add Rs 1.53 billion to its paid-up capital.

The bank has not announced dividend of the last FY. It has Rs 5.23 billion in its reserve fund.

Meanwhile, the bank has 13.06 percent capital fund ratio and bad debt of 1.20 percent. The bank has maintained Rs 95.6 million in its provision and has recovered Rs 256.5 million bad debt.

NMB has a base interest rate of 10.35 percent, CCD ratio of 76.61, EPS of Rs 31.18, P/E ratio of 14.66 times, liquidity ratio of 24.32 and net worth per share of 180.98.




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