Kathmandu. NMB Bank’s net profit has increased. According to the bank’s net profit for the first quarter of the current financial year, the bank’s net profit has increased by 27.11 percent. The bank has earned a net profit of Rs 1.16 billion during this period. The bank had earned a net profit of Rs 91.6 crore in the same period of the previous financial year.

In the review period, the bank’s operating profit increased by 26.17 percent to Rs 1.89 billion.

Similarly, the bank’s net interest income also increased by 4.19 percent to Rs 2.59 billion from Rs 2.48 billion. The bank’s net interest and commission income also increased by 0.75 percent.

According to the report published by the bank, the bank’s bad loans have come down from 4.97 percent to 4.92 percent. After the reduction in bad loans, the bank’s impairment charge has come down by 29.66 percent to Rs 50.21 crore.

The EPS per share of the bank has also increased to Rs 23.83 and distributable profit has also increased to Rs 11.64.