Are you excited to know about the Q3 financials of Standard Chartered Bank? Also know how much dividend SCB can distribute next year

Standard Chartered Bank Limited (SCB) has reported a 11.63% growth in net profit in the third quarter of FY 2075/76.

The bank’s profit has increased from Rs 1.55 arba in the third quarter of the fiscal year 2074/75 to Rs 1.73 arba in the third quarter of the fiscal year 2075/76.

In the same quarter, the bank has Rs 1.10 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 1.46 arba (approx.) as distributable profit. This means Standard Chartered Bank can distribute around 18% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory reserve requirements are not required.

The bank’s deposit rises by 14% to Rs 70.81 arba whereas loans and advances have also increased by 18.34% to Rs 53.46 arba till the third quarter. The net interest income (core business income) of the bank has also increased by meager 6.52% to Rs 2.55 arba from Rs 2.39 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.01 arba with Rs 6.18 arba as its reserve. The Non-Performing Loan (NPL) stands at low of 0.2%.

In the third quarter, the annualized EPS of the bank stands at Rs 28.87. The net worth per share stands at Rs 177.18 and qtr end PE ratio stands at 20.47 times.

Click Here for Q3 report:

Major Highlights:

 * Figure are of Immediate Previous Year Ending (Audited)

 * Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q3 end paid up capital.