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NMB Bank’s net profit rises 46.22% to double-digit dividend

nabil bank

Kathmandu. NMB Bank has earned a profit of Rs 3.28 billion till mid-June of the last fiscal year. This profit is 46.22 percent higher than the same period of the previous fiscal year. In the same period of the previous fiscal year, the bank had earned a profit of Rs 2.24 billion.

During the period, the bank’s net interest income increased by 11.14 percent to Rs 8.02 billion. Similarly, operating profit increased by 64.46 percent to Rs 5.35 billion.

As of Mid-July, the company’s distributable profit stood at Rs 1.90 billion. The bank has the capacity to pay dividend to shareholders at 10.40 percent. The bank’s dividend was negative in the same period of the previous fiscal year. The bank’s bad loans increased from 3.40 percent to 3.72 percent.

The net worth of the bank is Rs 176.81 per share with an income of Rs 15.10 per share. The bank has a paid-up capital of Rs 18.36 billion and a reserve fund of Rs 12.32 billion. The bank collected deposits of Rs 280.92 billion and disbursed loans worth Rs 229.11 billion.

Prabhu
sikhar insurance

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