Century Commercial Bank profit rises by 49.96% to Rs 91.57 crore in Q3; Distributable profit stands at just Rs 13.41 crore
Sun, May 10, 2020 9:00 AM on Financial Analysis, Stock Market, Latest,
Century Commercial Bank Limited (CCBL) has published its third quarter report for the FY 2076/77 today with a 49.96% rise in net profit. The bank’s profit has increased from Rs 61.06 crore in the third quarter of the fiscal year 2075/76 to Rs 91.57 crore in the third quarter of the fiscal year 2076/77.
In the same quarter, the bank has just Rs 13.41 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has decreased by 2.49% (compared to immediate previous year ending) to Rs 58.77 arba and loans and advances to customers increased by 1.79% (compared to immediate previous year ending) to Rs 58.10 arba till the third quarter. The net interest income (core business income) of the bank has increased by 14.19% to Rs 2.25 arba from Rs 1.97 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.41 arba with Rs 2.50 arba as its reserve and surplus. The Non-performing loan stands at 2.19%.
In the third quarter, the annualized EPS of the bank stands at Rs 14.51. The net worth per share stands at Rs 129.72 and qtr end PE ratio stands at 10.96 times.
Century Bank proposes 6.75% dividend for its shareholders for FY 2075/76 which is yet to be adjusted in published Q3 report and book closure has been done for same on March 13, 2020.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Century Bank |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Share Capital* |
8,415,472 |
8,415,472 |
0.00% |
|
Share Premium* |
34,369 |
34,369 |
|
|
Retained Earnings* |
667,967 |
533,853 |
25.12% |
|
Reserves* |
1,799,119 |
1,008,620 |
78.37% |
|
Deposits from Customers* |
58,774,581 |
60,276,496 |
-2.49% |
|
Loans & Advances to customers* |
58,109,560 |
57,089,329 |
1.79% |
|
Net Interest Income |
2,251,585 |
1,971,721 |
14.19% |
|
Fee and Commission Income |
215,318 |
89,113 |
141.62% |
|
Impairment Charge/(Reversal) |
148,424 |
345,625 |
- |
|
Personnel Expenses |
748,837 |
669,179 |
11.90% |
|
Operating Profit |
1,269,228 |
873,371 |
45.33% |
|
Profit/(Loss) for the Year |
915,779 |
610,671 |
49.96% |
|
Total Comprehensive Income |
924,615 |
610,403 |
51.48% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
134,115 |
|
|
|
Capital Adequacy Ratio (CAR) |
14.48 |
14.32 |
1.12% |
|
NPL |
2.19 |
1.53 |
43.14% |
|
CCD (as per NRB Directives) |
77.89 |
79.79 |
-2.38% |
|
Cost of Fund (%) |
7.81 |
8.47 |
-7.79% |
|
Base Rate (%) |
10.27 |
11.32 |
-9.28% |
|
Annualized EPS (In Rs.) |
14.51 |
9.68 |
49.96% |
|
Net Worth per Share (In Rs.) |
129.72 |
118.74 |
9.25% |
|
Qtr End PE Ratio (times) |
10.96 |
- |
- |
|
Qtr End Market Price |
159 |
- |
- |
