NMB Bank after successful merger with OM Dev. Bank earns Rs 81.51 crore in Q1; Non Performing Loan rises to 1.97%

NMB Bank Limited (NMB) has published its first quarter report for the FY 2076/77 today after successful merger with OM Development Bank Limited with 48.06% rise in net profit. 

The bank’s profit has increased from Rs 55.05 crore in the first quarter of the fiscal year 2075/76 to Rs 81.51 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 53.61 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has increased by 24.54% (compared to immediate previous year ending) to Rs 1.21 kharba and loans and advances to customers increased by 24.67% (compared to immediate previous year ending) to Rs 1.10 kharba in the first quarter. The net interest income (core business income) of the bank has increased by 25.34% to Rs 1.22 arba from Rs 97.62 crore of the corresponding quarter.

Click here for Q1 report:

Major Highlights:

* 2075/76 figure are of Immediate Previous Year Ending.

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q1 end paid up capital.

The bank’s paid up capital stands at Rs 11.52 arba with Rs 9.5 arba as its reserve and surplus including Rs 2.54 arba in share premium account.

The Non-Performing Loan (NPL) has increased to 1.97% from 0.76%.

In the first quarter, the annualized EPS of the bank stands at Rs 28.28. The net worth per share stands at Rs 182.40 and qtr end PE ratio stands at 13.51 times.

NMB bank proposes 35% dividend for FY 2075/76; 21% bonus and 14% cash dividend

The FY 2075/76 dividend which includes 21% bonus share which is yet to be endorsed by AGM and adjusted in published Q1 report.