Due to rise in core business income; net profit of NCC Bank rises by 39.84% in Q2
Tue, Feb 5, 2019 8:37 AM on Financial Analysis, Latest, Stock Market,
Nepal Credit and Commerce Bank Limited (NCCB) have reported 39.84% rise as per NFRS based report in the net profit in the second quarter of the fiscal year 2075/76.
The bank’s profit has increased from Rs 53 crore in the second quarter of the fiscal year 2074/75 to Rs 74.11 crore in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 64.39 crore as Free Profit after Regulatory.
The bank’s deposit has growth rate of 9.41% to Rs 64.71 arba and loans and advances have also increased by 16.90% to Rs 58.44 arba in the second quarter.
The net interest income of the bank has also increased to Rs 1.46 arba from Rs 67.26 crore of the corresponding quarter with an outstanding growth of 117.85%.
The bank’s paid up capital stands at Rs 7.01 arba with Rs 4.17 arba as its reserve as of the end of second quarter of FY 2075/76.
The Non-Performing Loan (NPL) has also decreased to 3.53% from 4.04%.
In the second quarter, the EPS of the bank stands at Rs 21.12. The net worth per share stands at Rs 159.55 and its PE stands at 10.32 times.
Major Highlights:
|
Particulars (In Rs '000) |
Nepal Credit and Commerce Bank |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
7,018,559 |
4,679,058 |
50.00% |
|
Reserve & Surplus |
4,179,303 |
3,769,101 |
10.88% |
|
Deposits |
64,717,387 |
59,152,766 |
9.41% |
|
Borrowings |
1,130,570 |
779,231 |
45.09% |
|
Loans & Advances |
58,442,377 |
49,994,698 |
16.90% |
|
Net Interest Income |
1,465,442 |
672,680 |
117.85% |
|
Impairment Charge/(Reversal) |
-44,927 |
-391,525 |
- |
|
Operating Profit |
1,033,110 |
736,034 |
40.36% |
|
Profit/(Loss) for the Year |
741,175 |
530,019 |
39.84% |
|
Total Comprehensive Income |
735,076 |
506,831 |
45.03% |
|
Add/ Less: Regulatory adjustment as per NRB |
-97,204 |
-252,532 |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
643,971 |
277,487 |
132.07% |
|
Capital Adequacy Ratio (CAR) |
14.10 |
11.24 |
25.44% |
|
NPL |
3.53 |
4.04 |
-12.62% |
|
CCD (as per NRB Directives) |
78.21 |
78.98 |
-0.97% |
|
Base Rate (%) |
10.87 |
11.45 |
-5.07% |
|
Annualized EPS (In Rs.) |
21.12 |
22.65 |
-6.77% |
|
Net Worth per Share (In Rs.) |
159.55 |
180.55 |
-11.63% |
|
PE Ratio |
10.32 |
- |
- |
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