NCC Bank earns Rs 24.68 crore in Q2; NPL decreases by 41% to 1.30% , Paid up capital to reach Rs 8.21 arba after merger
Tue, Feb 16, 2016 11:23 AM on Latest, Financial Analysis, Featured,
Nepal Credit and Commerce Bank Limited (NCCB) have reported a net profit of Rs 24.68 crore for the second quarter of the fiscal year 2072/73. The net profit has slightly increased by 3.19 percent in this quarter compared to the net profit of the corresponding quarter of the previous fiscal year.
Publishing the unaudited financial report for the second quarter today, the commercial stated that its net interest income increased to 50.53 crore in Q2 up from Rs 40.71 crore in the corresponding quarter of the previous fiscal year 2071/72.
NCC Bank has collected deposits equals Rs 26.63 arba in Q2. Likewise, it disbursed loans of Rs 21.72 arba . The figure of deposits and disbursed loan amount was Rs 22.38 arba and Rs 19.16 arba respectively in the corresponding quarter of the previous fiscal year.
It has posted an operating profit of Rs 23.43 crore decreasing from 24.52 crore.
The NPL of the bank has dropped by 41.17% to 1.30 % from 2.21 % as compared to the corresponding quarter of last fiscal year.
NCC Bank has paid up capital of Rs 2.02 arba with reserve of Rs 1.17 arba in Q2.
Its EPS currently stands at Rs 24.42, net worth per share at Rs 158.14, and P/E ratio at 18.06 times.
Kumari Bank, Infrastructure Development Bank Ltd, International Development Bank, Apex Development Bank Ltd, Supreme Development Bank and Nepal Credit and Commerce Bank have signed a memorandum of understanding (MoU) to enter into a merger process.
If the current merger process goes as planned, the paid-up capital of the merged entity will reach Rs 8.21 arba.
Publishing the unaudited financial report for the second quarter today, the commercial stated that its net interest income increased to 50.53 crore in Q2 up from Rs 40.71 crore in the corresponding quarter of the previous fiscal year 2071/72.
NCC Bank has collected deposits equals Rs 26.63 arba in Q2. Likewise, it disbursed loans of Rs 21.72 arba . The figure of deposits and disbursed loan amount was Rs 22.38 arba and Rs 19.16 arba respectively in the corresponding quarter of the previous fiscal year.
It has posted an operating profit of Rs 23.43 crore decreasing from 24.52 crore.
The NPL of the bank has dropped by 41.17% to 1.30 % from 2.21 % as compared to the corresponding quarter of last fiscal year.
NCC Bank has paid up capital of Rs 2.02 arba with reserve of Rs 1.17 arba in Q2.
Its EPS currently stands at Rs 24.42, net worth per share at Rs 158.14, and P/E ratio at 18.06 times.
Kumari Bank, Infrastructure Development Bank Ltd, International Development Bank, Apex Development Bank Ltd, Supreme Development Bank and Nepal Credit and Commerce Bank have signed a memorandum of understanding (MoU) to enter into a merger process.
If the current merger process goes as planned, the paid-up capital of the merged entity will reach Rs 8.21 arba.
