NIC Asia Registers Impressive Growth In Business Voume In Q4; Net Profit Increases by Small Percentage
Sat, Aug 14, 2021 7:52 AM on Company Analysis, Latest,
NIC Asia Bank Limited (NICA) has published its fourth-quarter report for the FY 2077/2078 with an increment in Net Profit by 4.92%. The bank's net profit has increased from Rs. 3.09 Arba in the fourth quarter of FY 2076/2077 to Rs. 3.25 Arba in the fourth quarter of FY 2077/2078.
The bank reported Rs. 1.92 Arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 42.25% to Rs. 2.86 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 55.33% to Rs. 2.48 kharba (compared to the immediate previous year ending) till the fourth quarter. The bank's Net Interest Income (core business income) has increased by 21.34% to Rs. 9.22 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 11.56 Arba with Rs. 9.12 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 0.46%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 28.11 and Net worth per share stood at Rs. 178.93. The company traded at a P/B multiple of 5.56 times.
Major Highlights:
|
Particulars |
NIC Asia Bank Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Share Capital |
11,564,005.37 |
9,717,651.57 |
19.00% |
|
Reserve & Surplus |
9,127,960.95 |
7,524,519.05 |
21.31% |
|
Loans and Advances |
248,811,415.26 |
160,184,306.88 |
55.33% |
|
Deposit from Customers |
286,820,615.21 |
201,630,384.46 |
42.25% |
|
Net Interest Income |
9,227,502.83 |
7,604,831.71 |
21.34% |
|
Impairment charge/(Reversal) for loans |
1,193,435.17 |
1,113,706.37 |
- |
|
Operating Profit |
4,798,892.25 |
4,434,826.51 |
8.21% |
|
Net Profit |
3,251,084.14 |
3,098,536.97 |
4.92% |
|
Capital Adequacy Ratio (CAR) |
12.41% |
13.50% |
- |
|
Non-performing Loan (%) |
0.46% |
0.75% |
- |
|
Cost of Funds (%) |
5.30% |
5.56% |
- |
|
Base Rate (%) |
6.84% |
7.70% |
- |
|
CCD Ratio (as per NRB Directives) |
81.12% |
70.29% |
- |
|
EPS (Rs.) |
28.11 |
31.89 |
- |
|
Net Worth per share (Rs.) |
178.93 |
177.43 |
- |
|
Price to Earnings (Times) |
35.36 |
- |
- |
|
Price to Book (Times) |
5.56 |
- |
- |
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