Century commercial bank reports decline in major profitability indicators in Q2; Look at the major highlights
Thu, Jan 28, 2021 8:31 AM on Latest, Company Analysis,
Century Commercial Bank Limited (CCBL) has published its second-quarter report for the FY 2077/2078 with a decline in Net Profit by 28.25%. The bank's net profit has decreased from Rs. 65.02 crores in the second quarter of FY 2076/2077 to Rs. 46.65 crores in the second quarter of FY 2077/2078.
The bank reported Rs. 25.04 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 28.29% to Rs. 83.79 arba (compared to immediate previous year ending) whereas loans and advances to customers increased by 19.09% to Rs. 69.25 arba (compared to the immediate previous year ending) till the second quarter. The Net Interest Income (core business income) of the bank has decreased by 20.13% to Rs. 1.22 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 9.03 Arba with Rs. 1.70 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 1.67%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 10.33 and Net worth per share stood at Rs. 118.87. The company traded at a P/B multiple of 1.84 times.
Major Highlights:
|
Particulars |
Century Commercial Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
9,034,430.00 |
8,415,472.00 |
7.36% |
|
Reserve & Surplus |
1,704,758.00 |
2,115,703.00 |
-19.42% |
|
Loans and Advances |
69,252,077.00 |
58,152,211.00 |
19.09% |
|
Deposit from Customers |
83,794,046.00 |
65,314,887.00 |
28.29% |
|
Net Interest Income |
1,220,362.00 |
1,527,861.00 |
-20.13% |
|
Impairment charge/(Reversal) for loans |
-109,997.00 |
-53,359.00 |
- |
|
Operating Profit |
634,452.00 |
910,764.00 |
-30.34% |
|
Net Profit |
466,599.00 |
650,287.00 |
-28.25% |
|
Capital Adequacy Ratio (CAR) |
13.25% |
14.74% |
- |
|
Non-performing Loan (%) |
1.67% |
1.67% |
- |
|
Cost of Funds (%) |
5.95% |
7.86% |
- |
|
Base Rate (%) |
7.91% |
10.35% |
- |
|
CCD Ratio (as per NRB Directives) |
71.91% |
79.03% |
- |
|
Annualized EPS (Rs.) |
10.33 |
15.45 |
- |
|
Net Worth per share (Rs.) |
118.87 |
125.14 |
- |
|
Price to Earnings (Times) |
21.20 |
- |
- |
|
Price to Book (Times) |
1.84 |
- |
- |
