NMB Bank Ltd posted a profit before tax worth Rs 149.2 million during the third quarter of the current fiscal year and recorded a growth of 87 per cent compared with the same period last year. Despite ongoing liquidity crunch in the local market, NMB achieved a growth in both deposits as well as Risk Assets by 11 per cent and eight per cent respectively when compared with the previous quarter. "The bank continues to focus on its strength on its balance sheet and remains well capitalised with a very comfortable capital adequacy ratio of 18.03 per cent.
It has maintained strong liquidity position with CD Ratio at 72 per cent and Net Liquid Assets of about 27 per cent of its total deposits.
Overall credit quality of the bank's risk assets portfolio also continues to remain good as evidenced by low NPA at 0.34 per cent." During the period the bank expanded its footprints by opening four new branches -in Kumaripati, Chabahail, Nepalgunj and Dhanghadhi -and has added three new ATMs. The bank has also planned to gradually expand its footprints to new strategic locations next year.
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