Nepal Community Development Bank (NCDB) has posted a massive net profit growth of 154.20 percent for the fourth quarter of the last fiscal year 2073/74.
Publishing the unaudited financial report for today, the development bank has stated that its net profit increased to Rs 3.61 crores in Q4 of the fiscal year 2073/74 up from Rs 1.42 crores in the corresponding quarter of the previous fiscal year 2072/73.
NCDB's net interest income increased from Rs 6.24 arba in corresponding quarter to Rs 10.77 crores in Q4, while the bank has paid up capital of Rs 22.02 crore. The bank’s reserve and surplus has risen by massive 224.70 percent to Rs5.96 crores from Rs 1.83 crores.
NCDB is seeking approval to issue 26.43 lakh units right shares worth Rs 26.43 crore to its existing shareholders at a face value of Rs 100 per share. NIBL Capital Markets Limited has been appointed as the issue manager for the right issue. After right issue, its paid up capital will reach Rs 48.45 crore.
The development bank has collected deposits of Rs 1.76 arba in Q4 compared to Rs 1.28 arba in the corresponding quarter last year. Likewise, it floated loans of Rs 1.56 arba, up from Rs 1.08 arba of corresponding quarter previous fiscal year.
The operating profit of the bank reached to Rs 4.62 crores from Rs 14.30 crores.
The bank’s Non-Performing Loan (NPL) has inclined to 0.61 % in Q4 from 0.49% in the corresponding quarter. Its CD ratio stands at 76.66%.
Its Earning per share (EPS) has increased from Rs 7.24 last year to Rs 16.39 in Q4. Its net worth per share is at Rs 127.09 and P/E ratio at 18.73 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
220,295 |
196,270 |
12.24 |
| Reserve and Surplus |
59,676 |
18,379 |
224.70 |
| Deposits |
1,766,589 |
1,284,862 |
37.49 |
| Borrowings |
0
|
0 |
#DIV/0! |
| Loans and Advances |
1,568,067 |
1,089,882 |
43.87 |
| Net Interest Income |
107,753 |
64,203 |
67.83 |
| Provision |
20,263 |
15,155 |
33.71 |
| Operating Profit |
46,289 |
14,304 |
223.61 |
| Net Profit |
36,110 |
14,205 |
154.20 |
| Capital Adequacy Ratio (%) |
15.87 |
16.28 |
(2.52) |
| NPL (%) |
0.61 |
0.49 |
24.49 |
| Cost of Fund (%) |
7.24 |
4.85 |
49.28 |
| CD Ratio (as per NRB) (%) |
76.66 |
72.68 |
5.48 |
| EPS (Annualized) |
16.39 |
7.24 |
126.48 |
| Net Worth Per Share |
127.09 |
109.36 |
16.21 |
| P/E Ratio |
18.73 |
|
