NCC Bank earns Rs 75.63 crore till Q2 with EPS of Rs 18.60; NPL decreased to 2.82%

Sun, Feb 9, 2020 9:30 AM on Financial Analysis, Latest,
NCC Bank e...

Nepal Credit and Commerce Bank Limited (NCCB) net profit rises by 2.23% to Rs 75.63 crore till the end of the second quarter of FY 2076/77.

The bank’s loans and advances to customers rises by 6.65% (compared to immediate previous year ending) to Rs 64.89 arba till the second quarter and the same time deposits from customer’s decline by 3.58% (compared to immediate previous year ending) to Rs 63.61 arba. The net interest income (core business income) of the bank has increased by 13.65% to Rs 1.66 arba from Rs 1.46 arba of the corresponding quarter.

The bank’s existing paid up capital stands at Rs 8.13 arba with Rs 4.56 arba as its reserve and surplus. The Non-Performing Loan (NPL) has also decreased to 2.82% from 3.53%.

NCC Bank announces 15% bonus share; paid up capital will increase to Rs 9.35 arba and this dividend is already endorsed by AGM and remains to be adjusted in the published Q2 report.

In the second quarter, the annualized EPS of the bank stands at Rs 18.60. The net worth per share stands at Rs 156.18 and quarter end PE ratio stands at 11.78 times.

Click here for Q2 report:

Major Highlights:

* 2075/76 figure are of Immediate Previous Year Ending.

Particulars (In Rs '000)

NCC Bank

Q2 2076/77

Q2 2075/76

Difference

Paid Up Capital*

8,133,841

7,018,587

15.89%

Share Premium*

169,861

 

 

Retained Earnings*

1,817,170

1,320,594

37.60%

Reserves*

2,582,220

3,496,428

-26.15%

Deposits from Customers*

63,617,321

65,979,799

-3.58%

Loans & Advances to Customers*

64,895,858

60,850,932

6.65%

Net Interest Income

1,665,444

1,465,441

13.65%

Fee and Commission Income

285,300

266,835

6.92%

Impairment Charge/(Reversal)

63,335

-42,847

-

Personnel Expenses

604,668

551,583

9.62%

Operating Profit

1,059,361

1,031,217

2.73%

Profit/(Loss) for the Year

756,348

739,850

2.23%

Total Comprehensive Income

753,734

733,751

2.72%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

525,260

-

-

Capital Adequacy Ratio (CAR)

13.20

14.10

-6.38%

NPL

2.82

3.53

-20.11%

CCD (as per NRB Directives)

76.6

78.21

-2.06%

Cost of Fund (%)

7.5

7.95

-5.66%

Base Rate (%)

10.58

10.87

-2.67%

Annualized EPS (In Rs.)

18.60

21.08

-11.79%

Net Worth per Share (In Rs.)

156.18

168.63

-7.39%

Qtr End PE Ratio (times)

11.78

-

-

Qtr End Market Price*

219

-

-

Price to Book (PB Ratio)

1.40

-

-