Nepal Credit and Commerce Bank Limited (NCCB) has posted rise in net profit by 27.56% in the first quarter of the FY 2074/75.
As per the report published in newspaper today, its net profit rises to Rs 16.45 crore from Rs 12.90 crore in the corresponding quarter of the FY 2073/74.
Its non-performing loans (NPL) has surged to 4.29% in Q1 from 0.96 % last year.
Major positive aspects of NCC Bank is its increase in deposits. As of Q1, its deposit base has reached Rs 61.38 arba while loans have reached Rs 48.87 arba—more than double the increase as compared to the figures last year
Its paid up capital now stands at Rs 4.67 arba with a reserve of Rs 2.72 arba. To meet the capital requirement of Rs 8 arba, it had announced 50% right shares to its shareholders. After 50% right shares, it will reach to Rs 7.01 crore.
As of Q1, its annualized EPS has shrunk to Rs 158.23, P/E ratio at 27.22 times and net worth per share at Rs 158.23.
Major Highlights:
| Particulars (In Rs '000) |
NCCB |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
4,679,058 |
2,353,176 |
98.84% |
| Reserve & Surplus |
2,724,624 |
1,533,049 |
77.73% |
| Deposits |
61,381,218 |
30,633,049 |
100.38% |
| Borrowings |
484,312 |
2,500 |
######## |
| Loans & Advances |
48,876,156 |
25,347,254 |
92.83% |
| Net Interest Income |
212,999 |
242,408 |
-12.13% |
| Provision for possible losses |
35,701 |
30,411 |
17.40% |
| Operating Profit |
12,521 |
170,436 |
-92.65% |
| Net Profit |
164,583 |
129,027 |
27.56% |
| NPL (%) |
4.29 |
0.96 |
346.88% |
| Annualized EPS (In Rs.) |
14.07 |
21.93 |
-35.85% |
| Net Worth per Share (In Rs.) |
158.23 |
165.15 |
-4.19% |
| P/E Ratio (In times) |
27.22 |
- |
- |
