NMB Bank Limited is distributing cash dividend warrants to its
shareholders from today.The dividend warrants can be collected from the
bank’s RTS NMB Capital at Babarmahal from 10:00 AM to 2:30 PM from
Sunday through Thursday and from 10:00 AM to 1:00 PM on Friday.The commercial bank last month had proposed 15 percent cash dividend to its shareholders from the net profit it posted in the last fiscal year 2069/70.But the central bank did not endorse the proposed dividend and asked NMB not to include the profit of its subsidiary, NMB Capital Limited and to provision that amount.
The bank had announced book closure from December 1 to December 19 for its AGM.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.
The 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. -SSN
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