NMB Bank earned net profit of Rs. 142 million in first quarter

Kathmandu December 2- with the paid up capital of Rs. 2 billion 40 million, NMB bank has succeeded to earn Rs. 142 million 855 thousands net profit which is 0.04% more than the corresponding period of last FY. Bank earned Rs. 142 million 793 thousand net profit in first quarter of last FY.

Collection of deposit of the bank has increased by 33.63% to Rs. 36 billion 550.2 million which was Rs. 27 billion 350.6 million last FY. Similarly, reserve of the bank has decreased by 12.58% to Rs. 1 billion 56.7 million.  Loan investment of the bank has also increased by 30.95% to Rs. 27 billion 652.1 million. Net interest income of the bank has decreased by 3.96% to Rs. 243.7 million while interest income has increased by 20.33% to Rs. 638.6 million and interest expenses has increased by 42.61% to Rs. 394.9 million. Likewise, operating profit has decreased by 6.66% to Rs. 181.6 million. Bank has maintained balance of Rs. 39.8 million for provision for losses.

According to the financial report of the first quarter, EPS of the bank is Rs. 23.81, P/E ratio is 21.29 times, net worth per share is Rs. 144.03, and liquidity ratio stands at 32.65%. Bad debt of the bank remains at 0.40% and risky asset is of 11.09%.