Century Bank profit rises by staggering 160%; Q3 earnings reach Rs 16.30 crore
Thu, Apr 23, 2015 12:00 AM on Financial Analysis,
ShareSansar, April 23
Century Commercial Bank Limited posted a net profit of Rs 16.30 crore, which is a massive 160% rise from the profit of Rs 6.26 crore reported in the corresponding quarter of previous year.
At the end of the third quarter the bank has Rs 20.07 arba in Loan and Advances and Rs 23.42 arba of Deposits which is 39.64% and 40.23% growth respectively as compared to corresponding quarter .
The operating profit of the development bank stands at Rs 20.91 crore up from Rs 6.93 crore in the corresponding quarter of the previous fiscal year.
The bank’s non performing loan (NPL) has declined to 0.53 from 0.67% of the corresponding quarter of the previous year.
Its EPS (annualized) now stands at Rs 10.26 and its net worth per share is priced at Rs 109.40. Also,CD ratio stands at 78.81% and Price Earnings ratio is 30.61%.
