NCC Bank earns Rs 1.52 arba till Q4 and has 14% dividend distribution capacity; NPL decreased to 2.78%

Nepal Credit and Commerce Bank Limited (NCCB) net profit rises by 13.81% to Rs 1.52 arba till the end of the fourth quarter of FY 2075/76.

The bank’s deposit from customers increased by 17.07% to Rs 67.03 arba and also loans and advances to customers rises by 18.86% to Rs 61.13 arba till the fourth quarter. The net interest income (core business income) of the bank has increased by an outstanding 91.48% to Rs 3.08 arba from Rs 1.61 arba of the corresponding quarter.

In the same quarter, the bank has Rs 1.19 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. The banks have recently proposed to distribute 15.89% bonus shares amounting Rs 1.15 arba for FY 2074/75 and after the bonus distribution, the share capital of the bank will reach to Rs 8.13 arba. This means NCC Bank can distribute maximum 14% (approx.) dividend for FY 2075/76 if other regulatory requirements are not required.

Investors holding shares of Nepal Credit & Commerce Bank till today to be eligible to claim dividend and participate in the AGM; book closure on Shrawan 26, 2076

The bank’s existing paid up capital stands at Rs 7.01 arba with Rs 5.50 arba as its reserve and surplus. The Non-Performing Loan (NPL) has also decreased to 2.78% from 3.87%.

In the fourth quarter, the EPS of the bank stands at Rs 21.75. The net worth per share stands at Rs 178.38 and PE ratio stands at 11.31 times.

Click here for Q4 report:

Major Highlights:

* Figure are of Immediate Previous Year Ending (Audited)

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q4 end paid up capital.