Century Commercial Bank Limited (CCBL) has registered profit growth of 42.42 percent in the first quarter (Q1) of the FY 2074/75.
As per the unaudited financial report published by the commercial bank, net profit of the bank has surged to Rs. 10.57 crore in the first quarter up from Rs 7.42 crore in the corresponding quarter of the previous fiscal year.
It has paid up capital of Rs 5.46 arba (including acquired paid up capital of Innovative Development Bank, Araniko Development Bank, Sagarmatha Finance and Seti Finance). The bank had floated 40% right shares till Bhadra 18 of worth Rs 1.88 arba. Thus, after right shares, its paid up capital will reach Rs 7.34 arba. CCBL will be acquiring Alpine Development Bank after which paid up capital will reach to Rs 7.58 arba. Thus CCBL should hike its capital by Rs 42 crore (around 5.5%) to meet the capital requirement.
Its reserve and surplus amounts to Rs 1.22 arba from Rs 60.69 crore by making massive growth of 101.55 %.
The bank has collected of deposits of Rs 45.35 arba in Q1 up from Rs 31.68 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 40.85 arba in Q1 whereas in the same period last year the figure stood at Rs 27.59 arba.
Its non-performing loan (NPL) highly increased to 1.70 percent in Q1 from 0.33 percent in Q1 of FY 2073/74.
Its Earnings per Share (EPS) stands at Rs 7.75, net worth per share at Rs 122.40, and P/E ratio at 29.17 times.
Major Highlights:
| Particulars (In Rs '000) |
Century Commercial Bank (CCBL) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
5,460,629 |
2,840,800 |
92.22% |
| Reserve & Surplus |
1,223,258 |
606,920 |
101.55% |
| Deposits |
45,351,861 |
31,681,643 |
43.15% |
| Borrowings |
12,857 |
- |
#DIV/0! |
| Loans & Advances |
40,857,813 |
27,596,779 |
48.05% |
| Net Interest Income |
331,974 |
218,160 |
52.17% |
| Provision for possible losses |
115,639 |
41,612 |
177.90% |
| Operating Profit |
135,869 |
123,131 |
10.35% |
| Net Profit |
105,779 |
74,274 |
42.42% |
| NPL (%) |
1.7 |
0.33 |
415.15% |
| Annualized EPS (In Rs.) |
7.75 |
10.46 |
-25.91% |
| Net Worth per Share (In Rs.) |
122.40 |
121.36 |
0.85% |
| P/E Ratio (In times) |
29.17 |
- |
- |
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