NMB Bank’s profit grows by marginal 0.77% in first quarter

ShareSansar, November 13:

NMB Bank Limited has posted a slight growth of 0.77 percent in its net profit in the first quarter of the current fiscal year 2070/71.

An unaudited report for the first quarter of the commercial bank published today shows that the bank earned a net profit of Rs 9.08 crore in the first quarter, down from Rs 9.01 crore in the corresponding quarter of the last fiscal year.

NMB Bank has also posted an operational profit of Rs 12.2 crore in the first quarter compared to Rs 11.84 crore in the corresponding quarter.

It also mobilized Rs 20.01 arba in deposit and Rs 16.18 arba in loan in the first quarter, up from 15.96 arba in deposit and Rs 14.29 arba in loan in the first quarter last year.

Its non performing loan has also dropped from 2.19 percent to 1.83 percent.

NMB Bank’s net worth per share stands at Rs 144.91 and its EPS (annualized) at Rs 18.16.