Meager profit growth of 5.24% of NCC bank in Q4; NPL decrease from 2.75% to 1.93%
Tue, Aug 11, 2015 12:00 AM on Others,
ShareSansar, August 11:
Nepal Credit and Commerce Bank Limited (NCCB) has reported a marginal rise of 5.24 percent in profit in the fourth quarter of the last fiscal year 2071/72.
Publishing the unaudited quarterly report for the fourth quarter today, The commercial bank’s net profit rose to Rs 41.26 crore in the fourth quarter, up from Rs 39.21 crore in the corresponding quarter last fiscal year.
It has collected Rs 26.66 arba in deposits and extended loans of Rs 21.44 arba in Q4 of FY 2071/72 compared to Rs 22. 25 arba in deposits and Rs 17.87 arba in loans in the corresponding quarter of previous FY 2070/71.
NCC Bank’s net interest income rose to Rs 80.50 crore in the Q4, up from Rs 78.35 crore in the corresponding quarter. It’s paid up capital remains at Rs 2.02 arba.
However, the quarterly report shows that NCC’s non-performing loan has also decreased to 1.93 percent, down from 2.75 percent in the corresponding quarter.
NCC’s EPS stands at Rs 20. 34, and it’s per share net worth stands at Rs 148.53 as per its fourth quarter report.
The bank had disbursed 38% bonus shares from the profit it made in last two fiscal years 2069/70 and 2070/71 to its shareholders.
Nepal Credit and Commerce Bank (NCCB) |
Rs. In "000" | ||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 2,028,600.00 | 2,028,600.00 | 0.00% |
| Reserve (Rs.) | 984,484.00 | 961,336.00 | 2.41% |
| Deposits (Rs.) | 26,660,031.00 | 24,044,157.00 | 10.88% |
| Loans and Adv. (Rs.) | 21,442,487.00 | 17,873,173.00 | 19.97% |
| Net Interest Income (Rs.) | 805,038.00 | 783,543.00 | 2.74% |
| Provision for Possible Losses (Rs.) | 86,178.00 | 186,667.00 | |
| Operating Profit (Rs.) | 490,792.00 | 338,648.00 | 44.93% |
| Write Back (Rs.) | 108,081.00 | 186,551.00 | |
| Net Profit (Rs.) | 412,671.00 | 392,112.00 | 5.24% |
| Capital Adequacy Ratio (%) | 11.43% | 11.51% | -0.70% |
| Cost of Funds (as per NRB) (%) | 4.95% | 6.33% | -21.80% |
| Earning Per Share (annualized) | 20.34 | ||
| P/E Ratio (Times) | 22.57 | ||
| Net Worth per Share (Rs.) | 148.53 | ||
