Century Commercial Bank Q2 earning surges by 61.05% in Q2; Paid up capital stand at Rs 2.12 arba

Fri, Feb 12, 2016 10:32 AM on Latest, Financial Analysis, Featured,
Century Commercial Bank Limited (CCBL) has registered massive profit rise of 61.05 percent in the second quarter of the last fiscal year 2072/73. According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 16.07 crore in second quarter up from Rs. 9.98 crore in the corresponding quarter of the last fiscal year 2071/72. Century Bank’s net interest income has risen to Rs 38.95 crore in Q2 as compared to Rs 31.73 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.12 arba. The bank also amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 24.07 arba in Q2 from Rs 23.38 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 20.84 arba in Q2 whereas in the same period last year the figure stood at Rs 19.77 arba. Meanwhile its non-performing loan has slightly risen to 0.66 percent in Q2 up from 0.34 percent in the previous year report. Its Earning per share (EPS) stand at Rs. 15.17 net worth per share at 121.42, and the P/E ratio at 21.96 times.