NMB Bank profit rises by 24.61% to Rs 2.31 arba in Q4; has capacity to distribute 13% dividend from earnings and 26% dividend from share premium

NMB Bank Limited (NMB) has published its fourth quarter report for the FY 2075/76 with 24.61% growth in net profit. The bank’s profit has increased from Rs 1.85 arba in the fourth quarter of the fiscal year 2074/75 to Rs 2.31 arba in the fourth quarter of the fiscal year 2075/76.

The bank’s deposit rises by 16.58% to Rs 97.89 arba whereas loans and advances have also increased by satisfactory 21.70% to Rs 88.48 arba in the fourth quarter. The net interest income (core business income) of the bank has also increased by an outstanding 46.91% to Rs 4.26 arba from Rs 2.90 arba of the corresponding quarter.

In the same quarter, the bank has Rs 1.27 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means NMB Bank can distribute around 13% (approx.) dividend from the earnings of FY 2075/76 if other regulatory reserve requirements are not required. Also NMB Bank has Rs 2.51 arba as share premium this means NMB Bank can distribute further 26% (approx.) dividend from share premium.

The bank’s paid up capital stands at Rs 9.61 arba with Rs 7.83 arba as its reserve. The Non-Performing Loan (NPL) has decline slightly to 0.82%.

In the fourth quarter, the EPS of the bank stands at Rs 24.02. The net worth per share stands at Rs 181.49 and quarter end PE ratio stands at 15.90 times.

NMB Bank Limited share trading in NEPSE is kept on halt due to ongoing merger with OM Development Bank Limited.

Click here for Q4 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * 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 Q4 end paid up capital.