Century Commercial Bank Q4 profit hikes by 46.67% to Rs 38.26 cr ; reserve increased to Rs 53.26 cr

Century Commercial Bank Limited (CCBL) has registered a remarkable profit increase by 46.67 % in the fourth quarter of the fiscal year 2072/73. The commercial bank earned net profit of Rs 38.26 crore in Q4 from Rs 26.08 crore in the corresponding quarter of the previous fiscal year. Publishing the fourth unaudited financial report today, the commercial bank stated that its net interest income inflated to Rs 87.97 crore in Q4 from Rs.65.64 crore in the correspoinding quarter. Century Commercial Bank has paid up capital of Rs 2.84 arba with Rs 53.26 crore in reserve. The bank has deposit collection of Rs. 28.96 arba in Q4, mounting from Rs.24.94 arba in the corresponding quarter last year. It disbursed loans and advances of Rs. 25.08 arba in Q4.The figure stood at Rs.20.35 arba in the corresponding quarter of last fiscal year. Its non-performing loan decreased to 0.24 percent from 0.27 percent in Q4. CCBL’s earning per share (EPS) stands at Rs.13.47, net worth per share at Rs.118.75, and P/E ratio at 34.23 times.