NMB Bank improves performance after merger with Om Development Bank, EPS at Rs. 32.51
November 15, 2019 | Investopaper
NMB Bank has published the combined report after the successful merger with Om Development Bank. The report shows a improvement in major financial indicators. The profit of NMB Bank has surged by a 49 percent until the first quarter of fiscal year 2076/77. The bank made a net profit of Rs. 81.51 crores, up from Rs. 55.06 crores previously. At the capital of Rs. 11.53 after merger, the Earnings Per Share (EPS) has improved to Rs. 32.51.
The total deposits and loans stand at Rs. 121.91 Arba and Rs. 110.31 Arba, a growth of almost 25 percent from the corresponding period of the previous year.
However, the NPL and base rate have inclined to 1.97 percent and 10.33 percent respectively.
The first quarter report of NMB Bank is summarized in the table below:
NMB Bank first quarter report, 2076/77
| HEADINGS | 1st QTR, 2076/77 | 4th QTR, 2075/76 | PERCENT CHANGE |
| PAID UP CAPITAL (Rs. In Arba) | 11.53 | 9.62 | 19.85 |
| RESERVE & SURPLUS (Rs. In Arba) | 9.5 | 7.79 | 21.95 |
| DEPOSITS (Rs. In Arba) | 121.91 | 97.89 | 24.54 |
| LOANS (Rs. In Arba) | 110.31 | 88.49 | 24.66 |
| HEADINGS | 1st QTR, 2076/77 | 1st QTR, 2075/76 | PERCENT CHANGE |
| NET INTEREST INCOME (Rs. In Arba) | 1.22 | 0.98 | 24.49 |
| PROFIT (Rs. In Arba) | 0.82 | 0.55 | 49.09 |
| DISTRIBUTABLE PROFIT (Rs. In Arba) | 0.54 | – | |
| NON PERFORMING LOANS, NPL (%) | 1.97 | 0.76 | 159.21 |
| BASE RATE(%) | 10.33 | 9.93 | 4.03 |
| EARNINGS PER SHARE, EPS (Rs.) | 32.51 | ||
| NETWORTH PER SHARE (Rs.) | 182.4 | ||
| MARKET PRICE PER SHARE (Rs.) [Ashwin 30, 2076] | 385 | ||
| P/E RATIO | 11.84 |
