NMB Bank has published First quarter report of FY 2076/77 based on Nepal financial reporting standard (NFRS). It has reported increase in net profit by 48.06% in the comparing period.
Net profit: It has reported net profit of Rs.81.51 crore in Q1 which was Rs.55.05 crore in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.53.61 crore which can be distribute as dividend to its shareholders.
Deposit: The bank has collected deposit Rs.1.21 kharba in Q1 of FY 2076/77 from Rs.97.89 arba in last Fiscal year.
Loan & advance: It had extended Rs.1.10 kharba in loan and advances which was Rs.88.48 arba in same period of last fiscal year.
Net interest income: It has made net interest income of Rs. 1.22 arba in Q1 from Rs.97.62 crore in Q1 of last fiscal year 2075/76.
Expenses: The bank has made expanses of Rs.41.83 crore for staff salary which was Rs. 32.75 crore in Q1 of last year.
Operating profit: It has posted operating profit of Rs 34.52 crore from Rs.78.17 crore in the corresponding quarter of FY 2075/76. Operating decreased by 55.83 due to increased in loan loss provision of Rs.62.28 crore.
Paid up capital & Reserve fund: Paid up capital stands at Rs.11.52 arba. Reserve Rs.4.69 arba and retained earning at Rs.2.25 arba.
It is first quarterly report after merger with Om Development Bank.
Its non performing loan increased to 1.97% from 0.76% in the last year.
Annualized earning per share (EPS): Rs.28.28
Net worth per share: Rs.182.40
Price to Earning ratio: 13.51 times
Capital adequacy: 15.81%
Cost of fund: 7.11%
Base Rate: 10.33%
Credit to deposit ratio: 77.27%