NMB Bank reports impressive 69% rise in net profit to Rs 74.12 crore; net worth per share at Rs 183

NMB Bank Limited (NMB) has posted a 68.99% increase in its net profit in the second quarter of the ongoing fiscal year 2073/74. As per the unaudited quarterly statement published by the commercial bank, its net profit till the end of the second quarter stands at Rs 74.12 crore, up from Rs 43.86 crore in the same period last year. Its net interest income has reached Rs 1.34 arba, up 66.37% from the second quarter last year. It has collected deposits of Rs 67.72 arba and has disbursed loans of Rs 59.97 arba, which is up from figures of Rs 50.36 arba and Rs 43.36 arba respectively posted last year. Its CCD ratio stands at 78.85%, down slightly from 78.95% last year. It has endorsed 19% bonus share for the FY 2072/73, which is yet to be capitalized. At the end of Q2 in FY 2072/73, its paid up capital stands at Rs 5.43 arba with a reserve of Rs 4.63 arba. Its EPS stands at Rs 28.31, net worth per share at Rs 183.69 and P/E ratio at 18 times. After the issuance of 19% bonus shares, its paid up capital will reach Rs 6.46 arba. As per NMB’s capital plan, it is coming up with FPO amount of Rs 88.8 crores (without premium), after which it will need to further increase its capital by around 8% only to reach NRB’s minimum paid up capital requirement of Rs 8 arba by the end of FY 2073/74.