Despite stagnant business revenue, NMB Bank Limited able to increase net profit by huge margin in Q3
Wed, Apr 28, 2021 7:35 AM on Latest, Company Analysis,
NMB Bank Limited (NMB) has published its third-quarter report for the FY 2077/2078 with a massive increment in Net Profit by 87.80%. The bank's net profit has increased from Rs. 1.33 Arba in the third quarter of FY 2076/2077 to Rs. 2.51 Arba in the third quarter of FY 2077/2078.
The bank reported Rs. 2.27 Arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 18% to Rs. 1.55 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 28.19% to Rs. 1.48 kharba (compared to the immediate previous year ending) till the third quarter. The bank's Net Interest Income (core business income) remains stagnant at Rs. 4.30 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 16.32 Arba with Rs. 7.39 Arba in Reserve and surplus. The Non-performing loan (NPL) declined to 1.97%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 20.55 and Net worth per share stood at Rs. 145.32. The company traded at a P/B multiple of 3.01 times.
Major Highlights:
|
Particulars |
NMB Bank Limited |
||
|---|---|---|---|
|
Q3, 2077/2078 |
Q3, 2076/2077 |
Difference |
|
|
Share Capital |
16,325,961.00 |
13,950,987.00 |
17.02% |
|
Reserve & Surplus |
7,399,181.00 |
6,984,398.00 |
5.94% |
|
Loans and Advances |
148,272,490.00 |
115,668,473.00 |
28.19% |
|
Deposit from Customers |
155,359,218.00 |
131,660,368.00 |
18.00% |
|
Net Interest Income |
4,309,017.00 |
4,295,777.00 |
0.31% |
|
Impairment charge/(Reversal) for loans |
-380,989.00 |
1,437,269.00 |
- |
|
Operating Profit |
3,617,619.00 |
1,936,824.00 |
86.78% |
|
Net Profit |
2,516,487.00 |
1,339,992.00 |
87.80% |
|
Capital Adequacy Ratio (CAR) |
13.28% |
14.26% |
- |
|
Non-performing Loan (%) |
1.97% |
2.48% |
- |
|
Cost of Funds (%) |
5.37% |
7.09% |
- |
|
Base Rate (%) |
7.19% |
9.99% |
- |
|
CCD Ratio (as per NRB Directives) |
81.09% |
76.16% |
- |
|
Annualized EPS (Rs.) |
20.55 |
12.81 |
- |
|
Net Worth per share (Rs.) |
145.32 |
150.06 |
- |
|
Price to Earnings (Times) |
21.26 |
- |
- |
|
Price to Book (Times) |
3.01 |
- |
- |
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