Nepal Community Development Bank registers net profit of Rs. 1.59 crore; EPS and Net worth stand at Rs. 5.99 and Rs 107.76 respectively in Q2

Tue, Feb 5, 2019 1:02 PM on Financial Analysis, Latest, Stock Market,
Nepal Comm...

Nepal Community Development Bank (NCDB) has published its unaudited financial report of the second quarter (Q2) of FY 2075/76 today.

According to the report, the bank has registered a decrease in net profit by 17.46% to reach Rs. 1.59 crore till this month of Q2 of FY 2075/76 from Rs. 1.93 crore in the corresponding quarter of the fiscal year 2074/75.

Its net interest income has risen to Rs 7.65 crore in Q2 as compared to Rs 5.58 crore in the corresponding quarter. On the other hand, the operating profit decreases by 12.95% to Rs. 1.97 crore from Rs. 2.27 crore.

It’s paid-up capital remains at Rs 53.16 crore with Rs 4.12 crore in its reserve. Deposits collection reached Rs 3.14 arba in Q2 and floated loans of Rs 2.84 arba.

Its non-performing loan (NPL) has shown an increase of 20.49%, up from 1.22% in Q2 of the previous year to 1.47% in Q2 of FY 2075/76. Its EPS stands at Rs 5.99, Net worth per share at Rs 107.76 and P/E ratio at 19.53 times.

Q2 report

Major Highlights:

Particulars (In Rs '000)

Nepal Community Development Bank Limited

Q2 2075/76

Q2 2074/75

Difference

Paid Up Capital

531,659

447,624

18.77%

Reserve & Surplus

41,240

79,432

-48.08%

Deposits

3,141,037

1,971,967

59.28%

Borrowings

-

-

-

Loans & Advances

2,844,449

1,768,569

60.83%

Net Interest Income

76,518

55,851

37.00%

Provision for possible losses

29,735

13,371

122.39%

Operating Profit

19,755

22,695

-12.95%

Net Profit

15,923

19,291

-17.46%

NPL (%)

1.47

1.22

20.49%

Annualized EPS (In Rs.)

5.99

8.62

-30.51%

Net Worth per Share (In Rs.)

107.76

117.75

-8.48%

P/E ratio

19.53