Century Commercial bank profit aces by 108.67% in Q1

Century Commercial Bank has posted a massive profit rise by 108.67 % in the first quarter for the fiscal year 2072/73. The net profit doubled as compared to the corresponding quarter of the previous fiscal year. As per the unaudited financial report published by the bank today, the commercial bank has earned a net profit of Rs 7.42 crore in Q1 compared to Rs 3.55 crore in previous year corresponding quarter. The commercial bank’s net interest income inflated to Rs 18.41 crore from Rs.13.65 crore in the first quarter. The bank has deposit collection of Rs. 25.30 arba in Q1, increasing from Rs.22.11 arba in the corresponding period last year. It floated loans and advances of Rs. 21.32 arba in Q1.The figure stood at Rs.18.98arba in the corresponding quarter of last fiscal year. Its non-performing loan slightly dropped to 0.45 percent from 0.46 percent in Q1 . CCBL’s earning per share (EPS) stands at Rs.14, annualized net worth per share at Rs.117.37, and P/E ratio at 22.21 times.