Century Commercial Bank Limited (CCBL) has registered profit growth of 8.21 percent in the fourth quarter (Q4) of the last fiscal year 2073/74 despite of by 114.94 % growth in loan loss provision to Rs 17.73 crore.
As per the unaudited financial report published by the commercial bank, net profit of the bank has surged to Rs. 44.74 crore in the fourth quarter up from Rs 41.35 crore in the corresponding quarter of the previous fiscal year.
Its net interest income has risen to Rs 1.13 arba in Q4 as compared to Rs. 87.97 crore in the corresponding quarter.
It has paid up capital of Rs 5.46 arba. The bank is floating 40% right shares till Bhadra 18 of worth Rs 1.88 arba. Thus, after right shares, its paid up capital will reach Rs 7.34 arba and the bank further needs to hike its capital by around 9% to meet the capital as per the requirement of the Nepal Rastra Bank (NRB).
Its reserve and surplus amounts to Rs 1.18 arba from Rs 19.20 crore by making massive growth of 518.60%.
The bank has collected of deposits of Rs 42.59 arba in Q4 up from Rs 28.96 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 39.50 arba in Q4 whereas in the same period last year the figure stood at Rs. 25.08 arba.
Its non-performing loan (NPL) highly increased to 1.15 percent in Q4 of the FY 2073/74 from 0.22 percent in Q4 of the FY 2072/73.
Its Earnings per Share (EPS) stands at Rs 8.20, net worth per share at Rs 121.75, and P/E ratio at 35.39 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital * |
5460629 |
3,209,700 |
70.13 |
| Reserve and Surplus |
1,187,777 |
192,009 |
518.60 |
| Deposits |
42,593,654 |
28,967,847 |
47.04 |
| Loans and Advances |
39,507,784 |
25,084,100 |
57.50 |
| Net Interest Income |
1,139,667 |
879,789 |
29.54 |
| Provision |
177,300 |
82,488 |
114.94 |
| Write Back |
39,101 |
57,279 |
(31.74) |
| Operating Profit |
684,126 |
585,329 |
16.88 |
| Net Profit |
447,499 |
413,534 |
8.21 |
| Capital Adequacy Ratio (%) |
16.57 |
12.86 |
28.85 |
| NPL (%) |
1.15 |
0.22 |
422.73 |
| Cost of Deposit (%) |
8.10 |
4.19 |
93.32 |
| CD Ratio (as per NRB) (%) |
73.63 |
77.90 |
(5.48) |
| Base rate |
11.17 |
7.05 |
58.44 |
| EPS (Annualized) |
8.20 |
12.88 |
(36.39) |
| Net Worth Per Share |
121.75 |
105.98 |
14.88 |
| P/E Ratio |
35.39 |
- |
|
