NMB Bank Sees 27.11% Growth in Q1 Net Profit, EPS at Rs 19.02, Distributable Profit at Rs 2.32 Arba
Summary
NMB Bank Limited reported a 27.11% rise in first-quarter net profit to Rs 1.16 Arba for FY 2083/84, supported by higher operating profit and lower impairment charges. The bank’s EPS stood at Rs 19.02, while distributable profit reached Rs 2.32 Arba.
Key Points
- NMB Bank Limited posted a 27.11% year-on-year increase in first-quarter net profit to Rs 1.16 Arba.
- Operating profit rose 26.17% as impairment charges fell sharply by 29.66%.
- Deposits and loans and advances both grew modestly during the quarter.
- EPS was Rs 19.02, distributable profit was Rs 2.32 Arba, and the NPL ratio rose to 4.92%.
