Financial Performance
NMB Bank Limited has released its unaudited financial results for the first half of the fiscal year 2082/83. The report shows that the bank’s net profit declined by 17.71%, reaching Rs. 1.65 billion, compared to Rs. 2.35 billion during the same period last year. While net interest income and fees and commission income increased, a substantial rise in impairment charges contributed to the decline in net profit.
As of the second quarter, the bank’s net interest income grew by 12.18%, reaching Rs. 4.77 billion, and total operating income rose by 15.21% to Rs. 6.55 billion. However, operating profit fell by 15.29%, amounting to Rs. 2.51 billion, as impairment charges surged from Rs. 34.47 million to Rs. 1.55 billion.
Asset Quality and Loans
NMB Bank’s non-performing loan (NPL) ratio increased by 0.59 percentage points, reaching 4.56%. During the period, the bank collected deposits of Rs. 291.44 billion and disbursed loans of Rs. 239.48 billion, resulting in a loan-to-deposit ratio (CD ratio) of 85.09%. The base rate stood at 5.48%. The bank’s distributable profit was Rs. 56.43 million, translating to distributable earnings per share (EPS) of Rs. 5.85.
Capital and Shareholder Metrics
The bank’s paid-up capital is Rs. 19.29 billion, with a reserve fund of Rs. 13.37 billion. EPS decreased by Rs. 3.68 to Rs. 17.10 per share, net worth per share reached Rs. 168.75, and the price-to-earnings (P/E) ratio stood at 13.98x.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
