NCC Bank’s decent performance in the first quarter; EPS rises massively to Rs 40.11
Thu, Nov 15, 2018 7:50 AM on Featured, Financial Analysis, Stock Market,
Nepal Credit and Commerce Bank Limited (NCCB) has reported 86.54% rise as per NFRS based report in the net profit in the first quarter of the fiscal year 2075/76.
The bank’s profit has increased from Rs 25.14 crore in the first quarter of the fiscal year 2074/75 to Rs 46.91 crore in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank has Rs 28.04 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 1.75% to Rs 62.84 arba and loans and advances have also increased by 19.38% to Rs 57.30 arba in the first quarter.
The net interest income of the bank has also increased to Rs 80.80 crore from Rs 34.76 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 4.68 arba with Rs 4.90 arba as its reserve as of the end of FY 2075/76.
The Non-Performing Loan (NPL) has also decreased to 3.69% from 3.89%.
In the fourth quarter, the EPS of the bank stands at Rs 40.11. The net worth per share stands at Rs 204.74.
NCCB allots 1.54 Crore units of 50% right issue; remaining 79 Lakh units to be auctioned
Major Highlights:
|
Particulars (In Rs '000) |
NCCB |
||
|---|---|---|---|
|
Q1 2075/76 |
Q1 2074/75 |
Difference |
|
|
Paid Up Capital |
4,685,902 |
4,679,058 |
0.15% |
|
Reserve & Surplus |
4,908,078 |
3,515,561 |
39.61% |
|
Deposits |
62,843,028 |
61,759,468 |
1.75% |
|
Borrowings |
2,797,108 |
779,231 |
258.96% |
|
Loans & Advances |
57,301,943 |
47,999,546 |
19.38% |
|
Net Interest Income |
808,075 |
347,624 |
132.46% |
|
Operating Profit |
613,081 |
340,227 |
80.20% |
|
Net Profit |
469,137 |
251,496 |
86.54% |
|
Total Comprehensive Income afterShare of NCI |
469,922 |
210,081 |
123.69% |
|
Add/ Less: Regulatory adjustment as per NRB |
(188,676) |
(86,913) |
117.09% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
280,462 |
164,584 |
70.41% |
|
NPL |
3.69 |
3.89 |
-5.14% |
|
Annualized EPS (In Rs.) |
40.11 |
17.96 |
123.36% |
|
Net Worth per Share (In Rs.) |
204.74 |
175.13 |
16.91% |
