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,
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.
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 |
- |
- |