Century Commercial Bank Limited (CCBL) has posted a remarkable profit rise by 33.78 % in the third quarter of the fiscal year 2073/74. The commercial bank has earned a net profit of Rs 31.09 crore in Q3 compared to Rs 23.24 crore in the corresponding quarter of the previous fiscal year.
Century Commercial Bank has paid up capital of Rs 3.68 arba with Rs 93.28 crore in reserve.
Publishing the third quarter's unaudited financial report today, the commercial bank stated that its net interest income inflated to Rs 77.10 crore in Q3 from Rs 61.85 crore in the corresponding quarter.
The operating profit of the bank stands at Rs 47.10 crore in Q3 up from Rs 34.49 crore in the corresponding quarter of the previous fiscal year.
The bank has deposit collection of Rs.33.14 arba in Q3, mounting from Rs.26 arba in the corresponding period last year. It disbursed loans and advances of Rs. 30.06 arba in Q3.The figure stood at Rs.22.82 arba in the corresponding quarter of last fiscal year.
Its non-performing loan decreased to 0.53 percent from 0.90 percent in Q3.
CCBL’s earning per share (annualized) stands at Rs.11.24, net worth per share at Rs.125.29, and P/E ratio at 34.08 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
3,689,000 |
2,840,800 |
29.86% |
| Reserve and Surplus |
932,898 |
382,465 |
143.92% |
| Deposits |
33,144,068 |
26,005,729 |
27.45% |
| Loans and Advances |
30,068,653 |
22,826,934 |
31.72% |
| Net Interest Income |
771,088 |
618,531 |
24.66% |
| Provision |
111,407 |
113,478 |
-1.83% |
| Write Back |
39,101 |
18,728 |
108.78% |
| Operating Profit |
471,090 |
344,970 |
36.56% |
| Net Profit |
310,940 |
232,414 |
33.79% |
| Capital Adequacy Ratio |
14.49% |
12.80% |
- |
| NPL |
0.53% |
0.90% |
-41.11% |
| Cost of Fund |
7.41% |
3.82% |
|
| CD Ratio (as per NRB) |
72.29% |
78.52% |
- |
| EPS (Annualized) |
11.24 |
10.91 |
3.03% |
| PE Ratio |
34.08 |
|
|
| Networth Per Share |
125.29 |
|
|
