NMB Bank’s also enters in billionaire club; Earns Rs 1.10 arba till Second quarter of FY 2075/76
Fri, Feb 1, 2019 9:59 AM on Financial Analysis, Latest,
NMB Bank Limited (NMB) has reported a decent rise in the net profit for the second quarter of the fiscal year 2075/76. As per the quarterly report published today, the net profit has increased by 15.28% in the fiscal year.
The bank’s profit has increased from Rs 96.27 crore in the second quarter of the fiscal year 2074/75 to Rs 1.10 arba in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank had Rs 97.48 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders after maintaining the mandatory reserve as per NRB directives.
The bank’s deposit has growth rate of 9.33% to Rs 88.07 arba and loans and advances have also increased by 21.58% to Rs 85.37 arba in the second quarter.
The net interest income of the bank has increased to Rs 2 arba from Rs 1.34 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.74 arba with Rs 9.24 arba as its reserve as of the end of Q2 of FY 2075/76.
The Non-Performing Loan (NPL) has decreased to 0.76% from 1.2%.
In the second quarter, the EPS of the bank stands at Rs 25.39. The net worth per share stands at Rs 205.71. Currently its stock is trading at PE of 12.72 times.
|
Particulars (In Rs '000) |
NMB Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,743,784 |
6,461,774 |
35.32% |
|
Reserve & Surplus |
9,243,227 |
5,404,846 |
71.02% |
|
Deposits |
88,070,975 |
80,552,649 |
9.33% |
|
Borrowings |
5,688,088 |
659,559 |
762.41% |
|
Loans & Advances |
85,375,659 |
70,223,120 |
21.58% |
|
Net Interest Income |
2,005,533 |
1,343,909 |
49.23% |
|
Impairment Charge/(Reversal) |
-91,428 |
104,568 |
-12.57% |
|
Operating Profit |
1,561,643 |
1,314,417 |
18.81% |
|
Profit/(Loss) for the Year |
1,109,942 |
962,790 |
15.28% |
|
Total Comprehensive Income |
1,086,875 |
964,359 |
12.70% |
|
Add/ Less: Regulatory adjustment as per NRB |
-135,087 |
44,470 |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
974,855 |
1,007,259 |
-3.22% |
|
Capital Adequacy Ratio (CAR) |
15.44 |
13.06 |
18.22% |
|
NPL |
0.76 |
1.2 |
-36.67% |
|
Annualized EPS (In Rs.) |
25.39 |
29.80 |
-14.80% |
|
Net Worth per Share (In Rs.) |
205.71 |
183.64 |
12.02% |
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