NMB Bank Q4 Profit Jumps 40.6% to Rs. 4.01 Arba, EPS Climbs to Rs. 19.53
Summary
NMB Bank Limited reported a 40.6% year-on-year rise in fourth-quarter net profit to Rs. 4.01 arba, driven by stronger loan growth and higher net interest income. Deposits, loans, reserves, and capital adequacy also improved, while non-performing loans edged up to 4.91%.
Key Points
- NMB Bank Limited's net profit jumped 40.60% year-on-year to Rs. 4.01 arba in Q4 FY 2082/83.
- Customer deposits rose 12.17% and loans and advances increased 9.33%, boosting net interest income by 17.52%.
- Capital adequacy improved to 12.73% and cost of funds declined sharply to 3.74%.
- The bank's EPS stood at Rs. 19.53, while the NPL ratio edged up to 4.91%.
