NMB Bank Reports 27.11% Profit Growth in First Quarter of FY 2083/84
Summary
NMB Bank Limited posted a net profit of Rs 1.16 billion in the first quarter of FY 2083/84, up 27.11 percent year on year. Its loans, deposits, EPS and distributable earnings also improved, while the non-performing loan ratio edged down slightly.
Key Points
- NMB Bank Limited reported a net profit of Rs 1.16 billion in the first three months of FY 2083/84, marking 27.11 percent growth from the same period last year.
- Annualized earnings per share rose 25.42 percent to Rs 23.83, while distributable earnings per share increased 43.88 percent to Rs 11.64.
- Total loans climbed to Rs 276.04 billion and deposits reached Rs 324 billion, with loan growth above the banking industry average.
- The bank's non-performing loan ratio fell to 4.92 percent and operating profit increased 26.17 percent, while impairment charges declined sharply.
