NIC Asia registers profit rise by 39.22%; Standard Chartered earns Rs 61.20 crore in Q2
Fri, Feb 12, 2016 11:19 AM on Latest, Financial Analysis, Featured,
NIC Asia Bank Limited (NICA) has registered profit growth of 39.22 percent in the second quarter of the ongoing fiscal year 2072/73.
According to the unaudited financial report published by the commercial bank today, its net profit has increased to Rs 50.20 crore in second quarter up from Rs. 36.06 crore in the corresponding quarter of the last fiscal year 2071/72.
NIC Asia Bank’s net interest income has increased to Rs 84.11 crore in Q2 as compared to Rs 81.50 crore in the corresponding quarter. Its paid up capital remains at Rs 3.69 arba.
The bank amassed a huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 58.31 arba in Q2 from Rs 48.09 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 46.27 arba in Q2 whereas in the same period last year the figure stood at Rs 39.40 arba.
Bank’s operating profit stands at Rs 61.59 crore.
Its non-performing loan has decreased to 1.40 percent in Q2 from 2.41 percent in the previous year report.
NICA’s earning per share (EPS) stand at Rs 27.18, net worth per share at Rs 162.40, and the P/E ratio at 25.94 times.
Standard Chartered Bank Nepal Limited’s (SCB) net profits declined by 5.06% in the second quarter of the current fiscal year 2072/73.
Publishing the unaudited financial report, the bank stated that its net profit fell to Rs.61.20 crore in the current fiscal year, down from Rs.64.46 crore in the corresponding period of the previous fiscal year 2071/72.
Net Interest income of the bank declined to Rs.85.43 crore, down from Rs.93.48 crore in the previous fiscal year.
The foreign exchange income of the bank rises to Rs.31.57 crore, up from Rs.22.68 crore.
Standard Chartered Bank’s paid up capital remains at Rs.2.24 arba and reserve of Rs.4.13 arba.
The bank also amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs.57.88 arba in Q2, up from Rs.50.66 arba in the corresponding period last year.
Meanwhile, it has mobilized loans and advances of Rs.26.12 arba in Q2 whereas in the same period last year the figure stood at Rs.29.45 arba.
Its non-performing loan (NPL) decreased to 0.41 percent in Q2 from 0.44 percent in the same period last fiscal year.
Annualized Earning per Share (EPS) of the bank is Rs.54.45, P/E ratio 49.13 times and net worth per share stands at Rs.283.92.
NIC Asia Bank’s net interest income has increased to Rs 84.11 crore in Q2 as compared to Rs 81.50 crore in the corresponding quarter. Its paid up capital remains at Rs 3.69 arba.
The bank amassed a huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs 58.31 arba in Q2 from Rs 48.09 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 46.27 arba in Q2 whereas in the same period last year the figure stood at Rs 39.40 arba.
Bank’s operating profit stands at Rs 61.59 crore.
Its non-performing loan has decreased to 1.40 percent in Q2 from 2.41 percent in the previous year report.
NICA’s earning per share (EPS) stand at Rs 27.18, net worth per share at Rs 162.40, and the P/E ratio at 25.94 times.
Standard Chartered Bank Nepal Limited’s (SCB) net profits declined by 5.06% in the second quarter of the current fiscal year 2072/73.
Publishing the unaudited financial report, the bank stated that its net profit fell to Rs.61.20 crore in the current fiscal year, down from Rs.64.46 crore in the corresponding period of the previous fiscal year 2071/72.
Net Interest income of the bank declined to Rs.85.43 crore, down from Rs.93.48 crore in the previous fiscal year.
The foreign exchange income of the bank rises to Rs.31.57 crore, up from Rs.22.68 crore.
Standard Chartered Bank’s paid up capital remains at Rs.2.24 arba and reserve of Rs.4.13 arba.
The bank also amassed huge amount of deposits in the Q2 of the ongoing fiscal year. Deposits collection reached Rs.57.88 arba in Q2, up from Rs.50.66 arba in the corresponding period last year.
Meanwhile, it has mobilized loans and advances of Rs.26.12 arba in Q2 whereas in the same period last year the figure stood at Rs.29.45 arba.
Its non-performing loan (NPL) decreased to 0.41 percent in Q2 from 0.44 percent in the same period last fiscal year.
Annualized Earning per Share (EPS) of the bank is Rs.54.45, P/E ratio 49.13 times and net worth per share stands at Rs.283.92.
