Century Commercial Bank reports 35.33% rise in net profit for Q1 2076/77; Annualized EPS and networth per share at Rs 17.63 and Rs 121.29
Fri, Nov 15, 2019 12:18 PM on Financial Analysis, Stock Market, Latest,
Century Commercial Bank Limited (CCBL) has published its first-quarter report for the FY 2076/77 with an increase in net profit by 35.33% this quarter.
The bank’s profit has increased from Rs 27.40 crore in the first quarter of the fiscal year 2075/76 to Rs 37.08 crore in the first quarter of the fiscal year 2076/77.
The bank’s deposit rises by meager 1.61% to Rs 61.24 arba whereas loans and advances have also increased by 2.84% to Rs 58.54 arba in the first quarter. The net interest income (core business income) of the bank has also increased by 11.48% to Rs 78.04 crore from Rs 70.01 crore of the corresponding quarter.
The bank’s paid-up capital stands at Rs 8.41 arba with Rs 1.28 arba as its reserve. The Non-Performing Loan (NPL) rises to 2.47% from 0.82%.
In the first quarter, the annualized EPS of the bank stands at Rs 17.63. The net worth per share stands at Rs 121.29 and the quarter-end PE ratio stands at 8.74 times.
Major indicators
| Particulars (In Rs '000) | Century Commercial Bank Limited | ||
|---|---|---|---|
| Q1 2076/77 | Q4 2075/76 | Difference | |
| Paid Up Capital | 8,415,472 | 8,415,472 | |
| Reserve & Surplus | 1,286,044 | 1,112,578 | 15.59% |
| Deposits from customers | 61,249,160 | 60,276,496 | 1.61% |
| Loans & Advances to customers | 58,549,260 | 56,934,126 | 2.84% |
| Q1 2076/77 | Q1 2075/76 | ||
| Net Interest Income | 780,464 | 700,121 | 11.48% |
| Impairement Charge/(reversal) for loans and other losses | 18,639 | -87,017 | |
| Personnel Expenses | 250,828 | 236,960 | 5.85% |
| Operating Profit | 521,189 | 391,284 | 33.20% |
| Net Profit | 370,815 | 274,002 | 35.33% |
| Total Comprehensive Income | 354,265 | 269,884 | 31.27% |
| Capital Adequacy (%) | 13.97 | 14.25 | -1.96% |
| NPL (%) | 2.47 | 0.82 | 201.22% |
| CCD Ratio (%) | 79.21 | 79.5 | -0.36% |
| Cost of Fund (%) | 7.99 | 8.1 | -1.36% |
| Annualized EPS (In Rs.) | 17.63 | 13.02 | 35.33% |
| Net Worth per Share (In Rs.) | 121.29 | ||
| PE Ratio (times) | 8.74 | ||
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