NCC Bank’s massive fall in net profit in the Q4; EPS falls to Rs 26.51 from Rs 56.02
Thu, Aug 16, 2018 7:26 AM on Financial Analysis, Stock Market, Featured,
Nepal Credit and Commerce Bank Limited (NCCB) has reported 52.67% fall as per NFRS based report in the net profit in the fourth quarter of the fiscal year 2074/75.
The bank’s profit has decreased from 2.62 arba in the fourth quarter of the fiscal year 2073/74 to Rs 1.24 arba in the fourth quarter of the fiscal year 2074/75. In the last quarter of the FY 2074/75, the bank has Rs 1.07 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 7.89% to Rs 63.51 arba and loans and advances have also increased by 14.63% to Rs 55.31 arba in the last quarter.
The net interest income of the bank has also decreased to Rs 1.89 arba from Rs 2.84 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 4.67 arba with Rs 5.16 arba as its reserve as of the end of FY 2074/75.
The Non-Performing Loan (NPL) has also decreased to 3.89% from 4.80%.
In the fourth quarter, the EPS of the bank stands at Rs 26.51. The net worth per share stands at Rs 210.29.
Major Highlights:
|
Particulars (In Rs '000) |
NCCB |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
4,679,853 |
4,679,058 |
0.02% |
|
Reserve & Surplus |
5,161,519 |
4,468,024 |
15.52% |
|
Deposits |
63,519,763 |
58,875,501 |
7.89% |
|
Borrowings |
684,909 |
779,231 |
-12.10% |
|
Loans & Advances |
55,318,629 |
48,257,316 |
14.63% |
|
Net Interest Income |
1,890,329 |
2,848,036 |
-33.63% |
|
Operating Profit |
1,751,162 |
3,462,736 |
-49.43% |
|
Net Profit |
1,240,609 |
2,621,246 |
-52.67% |
|
Total Comprehensive Income after Share of NCI |
1,466,768 |
2,508,670 |
-41.53% |
|
Add/ Less: Regulatory adjustment as per NRB |
(168,573) |
(1,295,430) |
-86.99% |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,072,036 |
1,325,817 |
-19.14% |
|
NPL |
3.89 |
4.80 |
-18.96% |
|
Annualized EPS (In Rs.) |
26.51 |
56.02 |
-52.68% |
|
Net Worth per Share (In Rs.) |
210.29 |
195.49 |
7.57% |
