NMB Bank Ltd net profit escalates by 43.67%; EPS hikes to Rs 31.18

NMB Bank Ltd. has published the report for the 2nd quarter for the fiscal year 2074/75. The company has earned a net profit of Rs 1 arab, up from Rs 70.11 crore in the corresponding quarter of the previous fiscal year. This accounts for a growth of 43.67%.

A soaring growth is seen in both the interest income and interest expense of the company. The interest income has increased to Rs 4.06 arba, stating a growth of 55.76 %. Interest expense has increased by massive 104.66% to Rs 2.75  arab. The net interest income has increased by 10.4 % to Rs 1.39arab.

Staff expense has increased to Rs 37.95crore, with a growth of 32.89 %. 

The company operating profit has risen to Rs 1.14 arab with an increment of 38.58 %. 

Deposit collection has surged to Rs  80.55 arab, up from 68.80 arba with a growth of 17.9%. Company's lending has increased by 17.43% to Rs 70.93 arba.  

The company reserve has increased to Rs 5.23 arab, up from Rs 4.54 arab. Networth of Rs 137.91 has been recorded. 

Positive side:    

• An increase in Net profit by 43.67%
• increase in reserve by 15.15%
• Earning per share rise to Rs 31.18

Negative Side:

• Soar in interest expense.
• Tight Capital Adequacy Ratio of 13.06%

 

(Figure In 000's)

Particulars	As of 2074/75	As of 2073/74	Percentage Change
Paid-up Capital	6,461,774	5,430,062	19
Reserve	5,232,661	4,544,322	15.15
Deposit	80,552,649	68,797,982	17.09
Net Interest Income	1,392,315	1,261,148	10.40
Operating Profit	1,136,464	820,051	38.58
Staff Expense	379,512	285,573	32.89
Net profit	1,007,259	701,078	43.67
Cost of Fund	7.07	4.04%
EPS	31.18	28.31
Networth	180.98	183.69