Kathmandu - NMB Bank Limited has published its unaudited financial report for the first quarter of the fiscal year 2082/83. According to the report, both the net profit and earnings per share (EPS) have decreased compared to the same period last fiscal year.
During the first three months of the current fiscal year, the bank earned a net profit of NPR 915.9 million, which is a 20.04% decline from NPR 1.14 billion in the same period last year.
Although the net interest income increased, the rise in impairment charges contributed to the decline in net profit. During the review period, net interest income grew by 24.49%, and fee and commission income increased by 14.37%. Additionally, total operating income rose by 23.47%, but operating profit decreased by 14.31%. The impairment charge increased to NPR 713.9 million, which led to a reduction in both net profit and operating profit. As of the end of Ashoj, the bank’s distributable profit stood at NPR 1.94 billion.
Along with the decline in profit, the bank’s earnings per share (EPS) also decreased by NPR 5, dropping to NPR 19.95. As of the end of Ashoj, the bank’s net worth per share was NPR 178.64, and its price-to-earnings (P/E) ratio stood at 11.78 times.
NMB Bank has a paid-up capital of NPR 18.36 billion and a reserve fund of NPR 14.26 billion. As of the end of the first quarter, the bank had collected deposits totaling NPR 290 billion and disbursed loans amounting to NPR 234 billion.
Published by NMB Bank Limited on 2082-7-21
