NMB Bank Reports 46% Profit Growth, Dividend Capacity Doubles

Strong Financial Performance

NMB Bank has reported a net profit of NPR 3.28 billion for the fiscal year, marking a significant 46.22% increase compared to the previous year's NPR 2.24 billion. The bank’s growth was driven by higher earnings from core banking operations.

Increase in Interest and Fee Income

The bank’s net interest income rose to NPR 8.02 billion, up from NPR 7.21 billion in the previous year. Additionally, commission and fee-based income increased to NPR 2.18 billion, compared to NPR 1.79 billion in the last fiscal year. The bank also reduced its impairment charges to NPR 95 million, a sharp decline from NPR 2.03 billion in the previous year.

Strong Capital Position

With a paid-up capital of NPR 18.33 billion, NMB Bank has accumulated reserves of NPR 14.31 billion. Its net worth per share stands at NPR 180.68.

Deposits and Loans Growth

As of mid-July, the bank collected deposits worth NPR 280.92 billion and disbursed loans totaling NPR 229.11 billion. The distributable profit for the year is NPR 1.90 billion, with earnings per share at NPR 10.41.

Key Financial Ratios

NMB Bank maintains healthy financial indicators:

• Capital Adequacy Ratio (CAR): 12.03%

• Non-Performing Loans (NPL): 3.72%

• Base Rate: 6.22%

• Net Interest Spread: 3.82%

The bank’s strong performance highlights its stability and growth potential, reinforcing investor confidence.