Nepal Community Development Bank (NCDB) has registered 7.30% increase in net profit in the second quarter of the current fiscal year 2074/75. Its net profit has increased to Rs 1.92 crore in second quarter from Rs 1.79 crore in the corresponding quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the development bank today, its interest income has also risen to Rs 5.58 crore in Q2 as compared to Rs 4.99 crore in the corresponding quarter.
It’s paid up capital remains at Rs 44.76 crore with Rs 7.94 crore in its reserve.
Deposits collection reached Rs 1.97 arba in Q2 and floated loans of Rs 1.76 arba.
Its non-performing loan has shown massive increase of 121.82%, up from 0.55 percent in Q2 of previous year to 1.22 percent in Q2 of current year.
Its annualized earning per share (EPS) stand at Rs 8.62, Net worth per share at Rs 117.75 and P/E ratio at 17.52 times.
Major Highlights:
| Particulars (In Rs '000) |
NCDB |
| Q2 2074/75 |
Q2 2073/74 |
Difference |
| Paid Up Capital |
447,624 |
220,295 |
103.19% |
| Reserve & Surplus |
79,432 |
40,182 |
97.68% |
| Deposits |
1,971,967 |
1,849,118 |
6.64% |
| Borrowings |
- |
- |
- |
| Loans & Advances |
1,768,569 |
1,532,475 |
15.41% |
| Net Interest Income |
55,851 |
49,984 |
11.74% |
| Provision for possible losses |
13,371 |
7,587 |
76.22% |
| Operating Profit |
22,695 |
26,316 |
-13.76% |
| Net Profit |
19,291 |
17,979 |
7.30% |
| NPL (%) |
1.22 |
0.55 |
121.82% |
| Annualized EPS (In Rs.) |
8.62 |
16.32 |
-47.19% |
| Net Worth per Share (In Rs.) |
117.75 |
118.24 |
-0.42% |
| P/E Ratio (In times) |
17.52 |
- |
- |
Q2 Report
