Nepal Credit & Commerce Bank Limited (NCCB) has registered profit growth of 87.30 percent in the fourth quarter (Q4) of the last fiscal year 2073/74 after the massive write back of loan loss provision by 475.27% of Rs 1.33 arba.
As per the unaudited financial report published by the commercial bank, net profit of the bank has surged to Rs. 1.32 arba in the fourth quarter up from Rs. 70.78 crore in the corresponding quarter of the previous fiscal year.
Its net interest income has risen to Rs 1.72 arba in Q4 as compared to Rs. 1.18 arba in the corresponding quarter.
It has a paid up capital of Rs 4.67 arba. Also the bank has announced 50% right shares to its shareholders. After 50% right shares, its paid up capital will reach Rs 7.01 arba. Thus, the bank will need to increase its paid up capital by a further 14.28% to reach NRB’s minimum requirement of Rs 8 arba by the end of FY 2073/74. The reserve of the bank increased by 94.57 % to Rs 2.56 arba in the Q4 of last fiscal year 73/74.
The bank has collected of deposits of Rs 58.79 arba in Q4 up from Rs 30.36 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 48.16 arba in Q4 whereas in the same period last year the figure stood at Rs. 24.89 arba.
Its non-performing loan (NPL) highly inclined to 4.80 percent in Q4 of the FY 2073/74 from 0.91 percent in Q4 of the FY 2072/73.
Its Earnings per Share (EPS) stands at Rs.28.34, net worth per share at Rs 154.71, and P/E ratio at 13.51 times.
Likewise, Civil Bank Limited (CBL) has also stated meager profit growth of 2.01 percent in the fourth quarter (Q4) of the last fiscal year 2073/74.
As per the unaudited financial report published by the commercial bank, net profit of the bank has surged to Rs. 33.81 crore in the fourth quarter up from Rs. 33.14 crore in the corresponding quarter of the previous fiscal year.
Its net interest income has risen to Rs 1.12 arba in Q4 as compared to Rs. 99.48 crore in the corresponding quarter.
It has a paid up capital of Rs 5.18 arba. Also the bank has announced 40% right shares to its shareholders. After 40% right shares, its paid up capital will reach Rs 7.25 arba. Thus, the bank will need to increase its paid up capital by a further 10.34 % to reach NRB’s minimum requirement of Rs 8 arba by the end of FY 2073/74. The reserve of the bank increased by 179.89 % to Rs 1.49 arba in the Q4 of last fiscal year 73/74.
The bank has collected of deposits of Rs 34.11 arba in Q4 up from Rs 31.56 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs 29.49 arba in Q4 whereas in the same period last year the figure stood at Rs. 25.70 arba.
Its non-performing loan (NPL) highly inclined to 4.05 percent in Q4 of the FY 2073/74 from 2.70 in corresponding Q4 of the FY 2072/73.
Its Earnings per Share (EPS) stands at Rs 6.52, net worth per share at Rs 128.80, and P/E ratio at 37.73 times.
Major Highlights:
| |
NCCB |
CBL |
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Growth (%) |
| Paid Up Capital |
4,679,058 |
2,353,176 |
98.84 |
5,185,222 |
3,082,779 |
68.20 |
| Reserve and Surplus |
2,560,040 |
1,315,732 |
94.57 |
1,493,548 |
533,622 |
179.89 |
| Deposits |
58,795,094 |
30,363,555 |
93.64 |
34,110,741 |
31,564,024 |
8.07 |
| Loans and Advances |
48,168,820 |
24,891,148 |
93.52 |
29,490,059 |
25,704,071 |
14.73 |
| Net Interest Income |
1,722,181 |
1,189,441 |
44.79 |
1,122,840 |
994,879 |
12.86 |
| Provision |
821,283 |
201,264 |
308.06 |
676,387 |
474,291 |
42.61 |
| Write Back |
1,333,217 |
231,755 |
475.27 |
437,290 |
282,265 |
54.92 |
| Operating Profit |
406,520 |
747,040 |
(45.58) |
110,091 |
254,562 |
(56.75) |
| Net Profit |
1,325,817 |
707,841 |
87.30 |
338,114 |
331,463 |
2.01 |
| Capital Adequacy Ratio (%) |
12.30 |
11.92 |
3.19 |
19.45 |
12.51 |
55.48 |
| NPL (%) |
4.80 |
0.91 |
427.47 |
4.05 |
2.70 |
50.00 |
| Cost of Funds (%) |
5.99 |
3.71 |
61.46 |
6.83 |
5.37 |
27.19 |
| CD Ratio (as per NRB) (%) |
71.48 |
74.52 |
(4.08) |
75.73 |
75.78 |
(0.07) |
| Base rate |
9.32 |
7.44 |
25.27 |
11.59 |
7.85 |
47.64 |
| EPS (Annualized) |
28.34 |
30.08 |
(5.80) |
6.52 |
10.75 |
(39.35) |
| Net Worth Per Share |
154.71 |
155.91 |
(0.77) |
128.80 |
117.31 |
9.80 |
| P/E Ratio |
13.51 |
- |
|
37.73 |
- |
|
