Kathmandu. NMB Bank has released its financial results for the first quarter of the current fiscal year.

The bank has earned a profit of Rs 1.16 billion till mid-October. This profit is 27.10 percent higher than the same period last year. The bank had earned a profit of Rs 91.59 crore in the same period of the previous year.

During this period, the bank’s net interest income, operating profit has increased and the amount of provision has decreased. This has helped in increasing the profit. The bank’s impairment charge has come down from Rs 71.39 crore to Rs 50.21 crore.

Similarly, the bank’s net interest income increased to Rs 2,591.54 billion from Rs 2.48 billion.

Similarly, the operating profit increased from Rs 1.49 billion to Rs 1.89 billion. The distributable profit of the bank stood at Rs 2.25 billion.

The EPS of the bank is Rs 23.83 and the net worth per share is Rs 186.32. The bank has a paid-up capital of Rs 22.28 billion and a reserve fund of Rs 14.46 billion.

During this period, the bank collected deposits of Rs 322.08 billion and extended loans of Rs 258.45 billion. The non-performing loan of the bank increased from 4.58 percent to 4.92 percent.