NMB Bank Records 27.11% Net Profit Growth; EPS and Distributable Profit Improve

Kathmandu, NMB Bank Limited has reported a 27.11% increase in net profit during the first quarter of FY 2083/84, reaching NPR 1.16 billion compared to NPR 916 million in the corresponding quarter of the previous fiscal year. The Bank’s annualized earnings per common share (EPS) increased by 25.42% to NPR 23.83 compared to the corresponding quarter of the previous fiscal year.

The Bank also recorded significant improvement in its distributable profit position, with annualized distributable profit per common share increasing by 43.88% to NPR 11.64 compared to the corresponding quarter of the previous fiscal year.

The Bank recorded growth in its Gross Loan and Total Deposit, with Gross Loan increasing by NPR 8.09 billion to NPR 276.04 billion and Total Deposit increasing by NPR 6.03 billion to NPR 324 billion during the quarter. The Bank’s Gross Loan growth was also above the industry average, reflecting stronger credit expansion relative to the banking industry.

On the asset-quality front, the Bank’s non-performing loan (NPL) ratio improved to 4.92% from 4.97% in the immediately preceding quarter, reflecting a positive movement in asset quality.

Furthermore, the Bank’s operating profit increased by 26.17% to NPR 1.89 billion. The Bank also recorded a 29.66% reduction in impairment charges, which declined to NPR 502.18 million.

The Bank maintained a capital adequacy ratio of 12.53%, reflecting its continued focus on capital strength, financial stability and sustainable banking practices.