Aug Sun 2023 03:25:38
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Kathmandu. NMB Bank has earned nearly 3.5 billion net profit. This was shown in the fourth quarter financial statement of the last financial year 2079/80 published by the bank. During the period under review, the bank earned a net profit of Rs 3.421 billion 4 lakh 99 thousand. However, this profit of the bank is only 3.63 percent higher than the previous year. In the fourth quarter of the previous year, the bank earned a net profit of 3 billion 29 million 10 lakh 94 thousand rupees.
During the review period, the net interest income of the bank increased by 30.60 percent and reached 8 billion 34 million 24 lakh 40 thousand rupees. Similarly, the total income of the bank increased by 21.01 percent to 10.33 billion 3337 thousand and the operating profit increased by 8.11 percent to 4.94 billion 41 million 73 thousand rupees.
The distributable profit of the bank has reached 1.5 billion 1.89 million rupees. The bank has made the ability to give 8.17 percent dividend to its shareholders from last year's profit. At present, the bank's paid-up capital is 18 billion 366 million 676 thousand rupees. The bank has kept 10 billion 24 crore 73 lakh 71 thousand rupees in reserves and funds.
During the review period, the bank's deposit collection increased by 13.79 percent to 2 trillion 10 billion 30 million 46 lakh 87 thousand rupees. On the other hand, credit investment has also increased by 8.22 percent and has remained at 1 trillion 89 billion 323 million 77 thousand rupees.
Bad loans of the bank increased by 1.27 percent compared to the previous year and reached 2.72 percent. The percentage share income of the bank also increased to 18 rupees 57 paise and the net worth per share also increased by 9 rupees 49 paise to 155 rupees 79 paisa.