NMB Bank's Second Quarter Financial Report published: 45% Growth in Net Profit

NMB Bank has published its financial report for the second quarter of the fiscal year 2081. By the end of Poush (mid-January), the bank achieved a net profit of NPR 2.35 billion, marking a 45.61% growth compared to the same period last year. During the corresponding period last year, the bank had recorded a net profit of NPR 1.37 billion.

The significant growth in the bank's net profit is attributed to notable increases in net interest income and fee and commission income, alongside a decline in impairment charges. These factors collectively contributed to the substantial profit growth of the bank.

By the end of Poush 2081, NMB Bank has reinforced its financial standing. The bank has maintained stability with a paid-up capital of NPR 18.36 billion and a reserve fund of NPR 12.69 billion, which strengthens its capacity to manage risks. The bank has mobilized deposits of NPR 246.46 billion and invested loans worth NPR 218.81 billion, showcasing significant improvements in its financial capabilities.

The Non-Performing Loan (NPL) ratio remains limited to 2.86%, while the base rate stands at 6.92%, and the interest rate spread is at 3.97%, reflecting effective financial management. These indicators not only signify financial stability but also enable the bank to provide competitive services to its customers.

By improving financial metrics and expanding its market presence, NMB Bank continues to instill trust among its customers. Focused on customer satisfaction and financial service expansion, the bank signals effective progress in the days to come, contributing positively to economic growth.