Century Commercial Bank achieves highest free profit growth rate among commercial banks; Free profit rises by 75% and NPL at minimal 0.40%

Wed, Aug 15, 2018 5:14 AM on Financial Analysis, Stock Market, Featured,

Century Commercial Bank Limited (CCBL) has published its fourth quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a massive rise in the free profit by 74.67% in the fourth quarter of the fiscal year 2074/75.

The bank’s free profit has increased from 50.13 crore in the fourth quarter of the fiscal year 2073/74 to Rs 87.57 crore in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 87.57 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.

The bank’s deposit has growth rate of 43.64% to Rs 61.49 arba and loans and advances have also increased by 39.17% to Rs 54.63 arba in the last quarter. The borrowings of the bank have increased to Rs 59.35 crore from Rs 1.28 crore.

The net interest income of the bank has also increased to Rs 1.93 arba from Rs 1.22 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.06 arba with Rs 1.10 arba as its reserve.

The Non-Performing Loan (NPL) has also decreased to 0.40% from 1.15%.

In the fourth quarter, the EPS of the bank stands at Rs 11.47. The net worth per share stands at Rs 113.67.

Major Highlights: 

Particulars (In Rs '000)

CCBL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

8,063,435

5,774,184

39.65%

Reserve & Surplus

1,102,024

1,504,481

-26.75%

Deposits

61,498,188

42,812,764

43.64%

Borrowings

593,534

12,857

4516.43%

Loans & Advances

54,638,320

39,260,503

39.17%

Net Interest Income

1,935,639

1,226,503

57.82%

Operating Profit

1,315,514

984,611

33.61%

Net Profit

924,856

752,587

22.89%

Total Comprehensive Income after Share of NCI

1,001,006

716,320

39.74%

Add/ Less: Regulatory adjustment as per NRB

(125,269)

(214,954)

-41.72%

Free Profit/ (Loss) after Regulatory Adjustments

875,737

501,366

74.67%

NPL

0.40

1.15

-65.22%

Annualized EPS (In Rs.)

11.47

13.03

-12.00%

Net Worth per Share (In Rs.)

113.67

126.06

-9.83%