Century Commercial Bank reports 41.37% rise in net profit; earns Rs 51.81 crore in Q2
Fri, Feb 8, 2019 8:07 AM on Financial Analysis, Stock Market, Latest,
Century Commercial Bank Limited (CCBL) has published its second quarter report with 41.37% rise in net profit compare to corresponding quarter of FY 2074/75.
Century Commercial Bank Limited (CCBL) net profit has increased from Rs 36.65 crore in the second quarter of the fiscal year 2074/75 to Rs 51.81 crore in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/65, the bank has Rs 44.35 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders after maintaining the mandatory reserve as per NRB directives.
The bank’s deposit has growth rate of 22.90% to Rs 64.12 arba and loans and advances have also increased by 27.03% to Rs 58.89 arba in the second quarter. The borrowings of the bank have increased to Rs 89.87 crore from Rs 65.68 crore.
The net interest income of the bank has also increased to Rs 1.33 arba from Rs 89.06 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.06 arba with Rs 1.64 arba as its reserve.
The Non-Performing Loan (NPL) has also decreased slightly to 0.84% from 0.99%.
In the second quarter, the EPS of the bank stands at Rs 12.85. The net worth per share stands at Rs 120.34. The stock’s of CCBL is trading at PE of 13.15 times which is slightly higher than industry average of banking sectors.
Major Highlights:
|
Particulars (In Rs '000) |
Century Commercial Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,063,435 |
7,679,462 |
5.00% |
|
Reserve & Surplus |
1,640,473 |
1,802,377 |
-8.98% |
|
Deposits |
64,127,818 |
52,177,173 |
22.90% |
|
Borrowings |
898,761 |
656,880 |
36.82% |
|
Loans & Advances |
58,898,024 |
46,366,959 |
27.03% |
|
Net Interest Income |
1,339,359 |
890,690 |
50.37% |
|
Impairment Charge/(Reversal) |
-153,016 |
-70,646 |
- |
|
Operating Profit |
740,241 |
524,408 |
41.16% |
|
Profit/(Loss) for the Year |
518,168 |
366,531 |
41.37% |
|
Total Comprehensive Income |
517,304 |
360,536 |
43.48% |
|
Add/ Less: Regulatory adjustment as per NRB |
-74,669 |
-41,430 |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
443,500 |
325,101 |
36.42% |
|
Capital Adequacy Ratio (CAR) |
14.69 |
18.54 |
-20.77% |
|
NPL |
0.84 |
0.99 |
-15.15% |
|
CCD (as per NRB Directives) |
78.64 |
76.06 |
3.39% |
|
Base Rate (%) |
11.5 |
11.43 |
0.61% |
|
Annualized EPS (In Rs.) |
12.85 |
9.55 |
34.64% |
|
Net Worth per Share (In Rs.) |
120.34 |
123.47 |
-2.53% |
|
PE Ratio |
13.15 |
20.83 |
-36.87% |
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