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    Nepal Breaking NewsEconomy | FinanceIn the first quarter of this year, NMB Bank Limited reported impressive...

    In the first quarter of this year, NMB Bank Limited reported impressive growth in profitability indicators.

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    With a 42.49 percent increase in net profit for the fiscal year 2078/2079, NMB Bank Limited (NMB) published its first-quarter report for the fiscal year 2078/2079. From Rs. 74.81 crores in the first quarter of fiscal year 2077/2078 to Rs. 1.47 Arba in the first quarter of fiscal year 2078/2079, the bank’s net profit has improved by threefold.

    After adjusting for P/L appropriation and regulatory requirements, the bank recorded distributable profit of Rs. 45.84 crores in the third quarter.

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    Customers’ deposits climbed by 5.46 percent to Rs. 1.73 kharba (compared to the same period the previous year), while loans and advances to customers increased by 9.64 percent to Rs. 1.65 kharba (compared to the same period the previous year). When compared to the same quarter the previous year, the bank’s Net Interest Income ( business income) climbed to Rs. 1.42 arba, or a 12% rise.

    Currently, the bank’s paid-up capital is Rs. 16.32 Arba, with Rs. 8.65 Arba in reserves and surplus. The percentage of non-performing loans (NPLs) decreased to 1.85 percent.

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    The Bank’s annualized earnings per share (EPS) was Rs. 25.59, and its net per share was Rs. 153.03, according to the recent available data. The company traded at a price-to-earnings ratio of 16.02 times.


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