Century Commercial Bank earns Rs 7.42 crore in Q1; NPL dropped to 0.33%

Century Commercial Bank Limited (CCBL) has registered negligible profit rise of 0.06 percent in the first quarter of the current fiscal year 2073/74. According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 7.427  crore in first quarter of FY 2073/74 up from Rs 7.422 crore in the corresponding quarter of the last fiscal year 2072/73. Century Bank’s net interest income has risen to Rs 21.81 crore in Q1 as compared to Rs 18.41 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.84 arba with reserve of Rs 60.69 crore in Q1. The bank has amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached to Rs 31.68 arba in Q1 from Rs 25.30 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 27.59 arba in Q1 whereas in the same period last year the figure stood at Rs 21.32 arba. Its non-performing loan has slightly declined to 0.33 percent in Q1 from 0.45 percent in the previous year report. Its Earning per Share (EPS) stands at Rs 10.46, net worth per share at  Rs 121.36, and P/E ratio at 43.51 times.