NMB Bank Limited is going to hold its Annual General Meeting on
December 19, which, inter alias, will endorse 15 percent cash dividend
from the net profit the commercial bank earned in the last fiscal year
2069/70.
The 18th AGM of NMB is also scheduled to elected three directors from the ordinary shareholders.
The bank has already announced book closure from December 1 to December 19 for its AGM.
The commercial bank had posted a slight growth of 0.77 percent in its net profit in the first quarter of the current fiscal year 2070/71.
An unaudited report for the first quarter of the commercial bank published last month shows that the bank earned a net profit of Rs 9.08 crore in the first quarter, down from Rs 9.01 crore in the corresponding quarter of the last fiscal year.
NMB Bank has also posted an operational profit of Rs 12.2 crore in the first quarter compared to Rs 11.84 crore in the corresponding quarter.
It also mobilized Rs 20.01 arba in deposit and Rs 16.18 arba in loan in the first quarter, up from 15.96 arba in deposit and Rs 14.29 arba in loan in the first quarter last year.
Its non performing loan has also dropped from 2.19 percent to 1.83 percent.
NMB Bank’s net worth per share stands at Rs 144.91 and its EPS (annualized) at Rs 18.16.
It may be noted here that NMB Bank has posted extraordinary growth in profit in the last fiscal year.
Its profit had risen by a breathtaking 488.71 percent with total earning for the last fiscal year 2069/70 amounting to Rs 36.66 crore. The bank had reported a profit of Rs 6.22 crore in the previous fiscal year.
-sharesansar
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