Kathmandu. NMB Bank has published its financial results for the second quarter of the current FY.

In the first six months of the current FY, the bank has earned a net profit of Rs 1.64 billion. The profit was 17.71 percent lower than the corresponding period of the previous year. The bank had posted a net profit of Rs 2.35 billion in the same quarter last year. The profit of the bank has decreased due to the decrease in operating profit and increase in impairment charges.

During the review period, the bank’s net interest income increased by 12.18 percent to Rs 4.77 billion. Operating profit fell 15.29 percent to Rs 2.50 billion. Similarly, the bank’s impairment charge has been increased to

Rs 1.55 billion.

। It was Rs 34.47 crore in the same period last year. The distributable profit of the bank is Rs. 56.43 crores. It also decreased by 1.33 billion.

The bank’s earnings per share declined by Rs 3.68 to Rs 17.10 and net worth per share stood at Rs 168.75. The non-performing loans (NPAs) of the banks increased from 3.96 percent to 4.56 percent.

The bank has a paid-up capital of Rs 19.28 billion and reserve fund of Rs 13.37 billion. As of mid-January 2018, the bank collected deposit of Rs 291.44 billion and extended loan of Rs 239.47 billion.