Nepal Credit and Commerce Bank reports 20.62% fall in net profit till Q1 2076/77; Networth per share at Rs 157.3

Sun, Nov 17, 2019 4:24 PM on Financial Analysis, Latest, Stock Market,

Nepal Credit and Commerce Bank Limited (NCCB) net profit falls by 20.62% to Rs 34.03 crore till the end of the first quarter of FY 2076/77.

The bank’s loans and advances to customers rises by 3.39% to Rs 63.20 arba till the first quarter. The net interest income (core business income) of the bank has increased by 5.58% to Rs 83.71 crore from Rs 79.28 crore of the corresponding quarter.

The bank’s existing paid up capital stands at Rs 8.13 arba with Rs 2.76 arba as its reserve and surplus. The Non-Performing Loan (NPL) has also decreased to 2.87% from 3.69%.

In the first quarter, the annualized EPS of the bank stands at Rs 16.74. The net worth per share stands at Rs 157.3 and PE ratio stands at 11.71 times.

First Quarter Report

Major highlights

Particulars (In Rs '000) NCCB
Q1 2076/77 Q4 2075/76 Difference
Paid Up Capital 8,133,841 7,018,587 15.89%
Retained Earnings 1,721,168 1,732,777 -0.67%
Reserves 2,769,320 3,595,943 -22.99%
Loans & Advances to customers 63,206,042 61,131,877 3.39%
  Q1 2076/77 Q1 2075/76  
Net Interest Income 837,101 792,831 5.58%
Impairment Charge/(Reversal) 95,169 -81,870 -216.24%
Personnel Expenses 309,981 310,641 -0.21%
Operating Profit 465,068 591,359 -21.36%
Profit/(Loss) for the Year 340,343 428,747 -20.62%
Total Comprehensive Income 333,133 430,291 -22.58%
Capital Adequacy Ratio (CAR) 13.2 12.67 4.18%
NPL 2.87 3.69 -22.22%
CCD (as per NRB Directives) 77.86 78.98 -1.42%
Cost of Fund (%) 7.53 7.88 -4.44%
Base Rate (%) 10.77 11.45 -5.94%
Annualized EPS (In Rs.) 16.74 24.43 -31.50%
Net Worth per Share (In Rs.) 157.3    
Qtr End PE Ratio (times) 11.71