NMB Bank's profit rises by 47.69% in Q2; has Rs 1.50 arba distributable profit; NPL rises to 2.38%
Thu, Jan 28, 2021 9:10 AM on Financial Analysis, Company Analysis, Latest,
NMB Bank Limited (NMB) has published its second-quarter report for the FY 2077/78 with an outstanding rise in net profit by 47.69%.
The bank’s profit has increased from Rs 1.09 arba in the second quarter of the fiscal year 2076/77 to Rs 1.61 arba in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 1.50 arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 8.28% (compared to the immediate previous year ending) to Rs 1.42 kharba and loans and advances to customers have increased by 18.69% (compared to the immediate previous year ending) to Rs 1.37 kharba in the second quarter. The net interest income of the bank has increased by 4.94% to Rs 2.86 arba from Rs 2.73 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 14.44 arba with Rs 8.72 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 2.38% from 1.96%.
In the second quarter, the annualized EPS of the bank stands at Rs 22.34. The net worth per share stands at Rs 160.41 and the qtr end PE ratio stands at 19.87 times.
NMB Bank Limited (NMB) proposes 13% Bonus shares and 3.2% Cash Dividend for FY 2076/77 which is yet to be adjusted in the published quarterly report.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
NMB Bank |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
14,447,753 |
13,950,987 |
3.56% |
|
Share Premium* |
120,167 |
120,167 |
|
|
Retained Earnings* |
3,497,863 |
1,737,220 |
101.35% |
|
Reserves* |
5,109,230 |
5,127,011 |
-0.35% |
|
Deposits from Customers* |
142,566,647 |
131,660,368 |
8.28% |
|
Loans & Advances to customers* |
137,292,036 |
115,668,473 |
18.69% |
|
Net Interest Income |
2,869,492 |
2,734,390 |
4.94% |
|
Impairment Charge/(Reversal) |
-211,089 |
605,215 |
0.00% |
|
Personnel Expenses |
1,071,570 |
827,838 |
29.44% |
|
Operating Profit |
2,299,321 |
1,575,262 |
45.96% |
|
Profit/(Loss) for the Year |
1,613,973 |
1,092,785 |
47.69% |
|
Total Comprehensive Income |
1,665,932 |
1,119,889 |
48.76% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,509,692 |
|
|
|
Capital Adequacy Ratio (CAR) |
13.68 |
16.05 |
-14.77% |
|
NPL |
2.38 |
1.96 |
21.43% |
|
CCD (as per NRB Directives) |
81.97 |
77.55 |
5.70% |
|
Cost of Fund (%) |
5.49 |
7.7 |
-28.70% |
|
Interest Rate Spread (%) |
4.02 |
5.03 |
-20.08% |
|
Base Rate (%) |
7.4 |
10.12 |
-26.88% |
|
Annualized EPS (In Rs.) |
22.34 |
15.67 |
42.62% |
|
Net Worth per Share (In Rs.) |
160.41 |
150.06 |
6.89% |
|
Qtr End PE Ratio (times) |
19.87 |
- |
- |
|
Qtr End Market Price |
444 |
- |
- |
