November 16: NMB Bank has recorded a net profit of Rs 550.55 million for the first quarter of FY 2018/19. The unaudited financial report of the first quarter of the bank shows that the total deposit of the bank stands at Rs 85.83 billion and risk assets at Rs 82.78 billion with an increase of Rs 13.8 billion and Rs 19.3 billion respectively as compared to corresponding period of the preceding fiscal year. The bank said its saving deposits has increased by Rs 2.24 billion during the first quarter.
NMB claimed that it is the first and only bank to bring in foreign borrowing from IFC worth USD 15 million.
“These achievements have helped the bank maintain healthy Earnings Per Share (EPS) of Rs 26.64 and Net Worth Per Share of Rs 199.75,” the bank said in a statement.
NMB Bank has 110 branches, four extension counters and 97 ATM outlets across the country.