NMB Bank net profit fair rise by 22.80%; NPL mere 0.42%, EPS Rs 21
Thu, Aug 6, 2015 12:00 AM on Others,
ShareSansar, August 6;
NMB Bank Limited (NMB) has posted modest growth by 22.80% net profit in the fourth quarter of the last fiscal year 2071/72.
As per the unaudited quarterly financial report published today, the banks has earned net profit Rs 53.27 crore up from Rs 43.38 crore in the corresponding quarter of the last fiscal year 2070/71.
The bank has mobilized deposits of Rs 35arba 36 crore in the Q4 as compared to Rs 26 arba 27 crore in the corresponding quarter of the previous fiscal year. The bank extended loans of Rs 27.28 arba, up from Rs 20.46 arba.
NMB Bank’s net interest income has risen from Rs 80.92 crore in the corresponding quarter of the previous year to Rs 98.77 crore in the Q4.
The bank’s paid up capital remains at Rs 2 arba 40 crore. It has posted an operating profit of Rs 76.91crore.
It’s NPL, CD ratio and P/E (annualized) remains 0.42%, 72% and 24.15 times respectively.
Capital adequacy ratio of NMB stood 11.20%, which is above the central bank minimum requirement of 10%.
Its EPS (annualized) now stands at Rs 21.00 and net worth per share at Rs 138.20.
NMB is also on the verge of getting final approval from NRB to start the integrated transaction with Butwal based Bhrikutee Development Bank Limited, Morang based Pathibhara Bikas Bank Limited, Kathmandu based Prudential Finance Limited and National Level development bank Clean Energy Development Bank Limited.
The Special general meeting (SGM) of the bank held on Jestha 24, 2072 had endorsed the swap ratio of NMB: Bhrikuti: Pathibhara: Prudential which stands at 100: 87.63: 67.56: 43.17 respectively. Also, Clean Energy Dev. Bank (CEDBL) SGM held on Asad 29, 2072 had approved NMB: CEDBL swap ratio of 100: 75.
The paid up capital of Clean Energy, Bhrikutee Bikas, Pathibhara Bikas and Prudential Finance as of Q4 of 71/72 FY stands at Rs 125.99 crores, Rs 52.12 crore, Rs 14.14 crore and Rs 48.30 respectively.
| NMB Bank | |||
| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 2,400,000.00 | 2,400,000.00 | 0.00% |
| Reserve (Rs.) | 976,833.00 | 450,037.00 | 117.06% |
| Deposits (Rs.) | 35,361,443.00 | 26,271,819.00 | 34.60% |
| Loans and Adv. (Rs.) | 27,288,891.00 | 20,467,041.00 | 33.33% |
| Net Interest Income (Rs.) | 987,792.00 | 809,213.00 | 22.07% |
| Provision for Possible Losses (Rs.) | 97,074.00 | 113,305.00 | -14.33% |
| Operating Profit (Rs.) | 769,149.00 | 582,491.00 | 32.04% |
| Write Back (Rs.) | 41,974.00 | 205,155.00 | -79.54% |
| Net Profit (Rs.) | 532,781.00 | 433,854.00 | 22.80% |
| Capital Adequacy Ratio (%) | 11.20% | 10.75% | 4.19% |
| Cost of Funds (as per NRB) (%) | 4.55% | 5.52% | -17.57% |
| Earning Per Share (annualised) | 21 | - | |
| P/E Ratio (Times) | 24.15 | - | |
| Net Worth per Share (Rs.) | 138.2 | - | |
