Profit growth driven by higher interest income and lower impairment charges.
NMB Bank Limited has published its unaudited financial results for the fourth quarter of the fiscal year 2081/82. As per the report, the bank’s net profit rose by 46.02% to Rs 3 arba 28 crore 17 lakh, compared to Rs 2 arba 38 crore in the same period last year.
The profit increase was mainly due to a rise in interest income and a sharp decline in impairment charges. Impairment charges dropped by 52.22%, from Rs 2 arba 3 crore to Rs 95 crore 80 lakh. During the review period, net interest income increased by 11.5% to Rs 8 arba 2 crore, while operating income grew by 14.34% to Rs 10 arba 88 crore.
The bank’s non-performing loan (NPL) ratio rose by 0.30 percentage points to 3.72% in Q4. Deposits reached Rs 2 kharba 80 arba, up 25.45%, while loans stood at Rs 2 kharba 29 arba, marking a 17.91% increase.
As of the end of the review period, the bank’s paid-up capital stood at Rs 18 arba 36 crore, with reserves of Rs 12 arba 32 crore. Distributable profit, which was negative Rs 9 crore 38 lakh last year, improved to Rs 1 arba 90 crore. With this improvement, the bank’s dividend-paying capacity reached 10.40%, compared to a negative 0.51% in the previous year.
Earnings per share (EPS) increased from Rs 12.22 to Rs 17.87, while net worth per share stood at Rs 176.81.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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