NMB Bank’s Net Profit Exceeds 1.5 Bn

Feb 09, 2020 10:53 AM Merolagani

The net profit of NMB Bank (NCC) has increased by Rs 526.1 million to Rs 1.63 billion in the second quarter of the current FY compared to Rs 1.10 billion of the corresponding period of the last FY.  

During the period, the bank collected deposit of Rs 126.42 billion and extended loan of Rs 113.63 billion through which it earned net interest income of Rs 2.73 billion, a growth of Rs 728.8 million compared to the review period of the last FY.  Meanwhile, its net operating profit increased by Rs 46.7 million to Rs 1.51 billion.

Moreover, the bad debt of the bank increased to 1.96 percent from earlier 0.76 percent.

The bank with Rs 11.52 billion in paid-up capital has reserve fund of Rs 5.21 billion, shareholders fund of Rs 2.45 billion and share premium of Rs 2.54 billion.

 During the period, the bank earned distributable profit of Rs 1.11 billion. The bank logged EPS of Rs 30.40, P/E ratio of 11.81 times and net worth per share of Rs 188.55.

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