Century Bank registers the profit growth of massive 197%; NPA decline to 0.27%
Tue, Aug 18, 2015 12:00 AM on Others,
ShareSansar, August 18:
The youngest commercial bank of Nepal, Century Commercial Bank Ltd (CCBL) has posted an impressive profit rise of 196.69 percent in the fourth quarter of the last fiscal year 2071/72.
According to the unaudited financial results of the bank published today, it earned Rs 25.79 crore of net profit in the last fiscal year, up from Rs 8.69 crore in the corresponding period of the previous fiscal year 2070/71.
The net interest income of the bank increased to Rs 65.75 crore, up from Rs 42.77 crore in the previous year which shows the bank is able to increase its core business activities.
The write back of Rs 7.84 crore from the amount that the bank had earlier set aside for possible loss also helped in the surge of its net profit.
CCBL also provisioned Rs 14.04 crore last year for the possible loss.
At the end of fourth quarter, the bank has Rs 20.35 arba of loans and Rs 24.94 arba of deposits which is 35.27 percent and 35.64 percent growth respectively as compared to the corresponding quarter of previous year.
The non-performing loans of the bank decline to 0.27percent; from 0.51 percent for this quarter end.
Its EPS stands at Rs 12.17, P/E ratio 26.22 times and net worth per share Rs 113.87.
Century Commercial Bank |
Rs. In "000" |
||
4th Qtr. FY 2071/72 |
4th Qtr. FY 2070/71 |
Growth (%) |
|
Paid-up Capital (Rs.) |
2,120,000.00 |
2,120,000.00 |
0.00% |
Reserve (Rs.) |
294,036.00 |
36,129.00 |
713.85% |
Deposits (Rs.) |
24,948,568.00 |
18,393,723.00 |
35.64% |
Loans and Adv. (Rs.) |
20,351,799.00 |
15,045,412.00 |
35.27% |
Net Interest Income (Rs.) |
657,505.00 |
427,797.00 |
53.70% |
Provision for Possible Losses (Rs.) |
140,495.00 |
160,393.00 |
|
Operating Profit (Rs.) |
327,463.00 |
104,547.00 |
213.22% |
Write Back (Rs.) |
78,430.00 |
28,816.00 |
|
Net Profit (Rs.) |
257,907.00 |
86,929.00 |
196.69% |
Capital Adequacy Ratio (%) |
11.42% |
14.10% |
-19.01% |
Non Performing Loan (%) |
0.27% |
0.51% |
|
Cost of Funds (as per NRB) (%) |
5.59% |
6.29% |
-11.13% |
Net Interest Spread (%) |
3.47% |
4.05% |
-14.32% |
Credit to Deposit Ratio (As per NRB) |
75.00% |
76.49% |
-1.95% |
Earnings Per Share (annualized) |
12.17 |
||
P/E Ratio (Times) |
26.22 |
||
Net Worth per Share (Rs.) |
113.87 |
||
