During the first quarter of the ongoing fiscal year 2082/83, NMB Bank Limited reported a net profit of NPR 91.59 crore, marking a 20.04% decline compared to the same period of the previous fiscal year. In the corresponding quarter last year, the bank had earned a net profit of NPR 1.14 billion.

Although the bank’s net interest income increased by 24.49% and fee and commission income rose by 14.37%, a rise in impairment charges resulted in a decrease in overall profitability.

During the review period, the bank’s total operating income increased by 23.47%, while operating profit declined by 14.31%.

Along with the drop in profit, the bank’s earnings per share (EPS) also decreased by NPR 5, reaching NPR 19.95. As of the end of Ashoj, the bank’s net worth per share stood at NPR 178.64, and its price-to-earnings (P/E) ratio was 11.78 times.

The bank’s paid-up capital stands at NPR 18.36 billion, with NPR 14.26 billion accumulated in reserve funds. By the end of Ashoj, the bank had collected deposits worth NPR 290 billion and disbursed loans totaling NPR 234 billion, according to its published report.