NMB Bank Reports 46% Profit Growth, Dividend Capacity Doubles
Summary
NMB Bank reports a 46.22% increase in net profit for the fiscal year, strong growth in interest and fee income, and improved capital position with doubled dividend capacity.
Key Points
- NMB Bank's net profit rose by 46.22% to NPR 3.28 billion in the fiscal year.
- Net interest income increased to NPR 8.02 billion, and commission and fee-based income reached NPR 2.18 billion.
- Impairment charges decreased sharply from NPR 2.03 billion to NPR 95 million.
- The bank's capital adequacy ratio is 12.03%, with deposits of NPR 280.92 billion and loans of NPR 229.11 billion as of mid-July.
