NMB Bank Increases Net Profit by 48%

Nov 15, 2019 12:23 PM Merolagani

NMB Bank (NMB) has increased its net profit by 48.05 percent to Rs 815.1 million in the first quarter of the current FY compared to Rs 550.5 million of the corresponding period of the last FY.

As per the financial report published under NFRS format, the bank has a distributable profit of Rs 536.1 million. During the period, the operating profit of the bank decreased to Rs 345.2 million from earlier Rs 436.4 million. However, its non-operating profit of the bank increased to Rs 622.1 million during the period.

The bank with Rs 11.52 billion in paid-up capital has reserve fund of Rs 4.69 billion, share premium of Rs 2.54 billion and shareholders fund of Rs 2.25 billion.

During the period, the bank collected deposit of Rs 121.91 billion and extended loan of Rs 110.31 billion. Similarly, the bank earned net interest income of Rs 1.22 billion a growth of 25.33% compared to the last FY.

During the review period, the bank maintained EPS of Rs 32.41,  net worth per share of Rs 182.40 and P/E ratio of 11.75 times.

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