NCC Bank’s profit skyrockets by 92.91% to Rs 33.19 crore
Thu, May 14, 2015 12:00 AM on Others,
ShareSansar May 14:
NCC Bank Limited has posted 92.91% growth in net profit for the third quarter of the current fiscal year 2071/72.
Publishing the unaudited financial report for the third quarter today, the bank has reported a net profit of Rs 33.19 crore, up from Rs 17.20 crore published in the corresponding quarter of the last fiscal year 2070/71.
The bank has mobilized deposits of Rs 24.04 arba in the 3rd quarter compared to Rs 22.06 arba in the corresponding quarter last year. Likewise, it extended loans of Rs 20.04 arba, up from Rs 17.15 arba.
NCC Bank’s net interest income has slightly risen from Rs 53.71 crore in the corresponding quarter last year to Rs 61.17 crore in the third quarter of 2071/72.
It posted an operating profit of Rs 38.27 crore.
The bank’s NPL has declined from 3.40 % in the third quarter of the last fiscal to 2.40% this year.
Its EPS now stands at Rs 29.02, net worth per share at Rs 203.40, and CD ratio at 76.30%.
