Prime Bank achieves meager growth in Q2; earns Rs 36.21 crore
Wed, Feb 4, 2015 12:00 AM on Financial Analysis,
ShareSansar, February 4:
Prime Commercial Bank Limited (PCBL) profit has risen by Rs 16.75 percent in the second quarter of the current fiscal year 2071/72.
Publishing the unaudited financial quarterly report today, the bank stated that its net profit increased to Rs 3.62 crore, up from Rs 31.01 crore in the corresponding period of the previous fiscal year 2070/71.
Net interest income of the bank increased to Rs 65.19 crore, up from Rs 48.79 crore in the previous year.
The bank mobilized Rs 36.92 arba in deposit and extended a total of Rs 30.20 arba on loan in last fiscal year. It had mobilized Rs 26.94 arba in deposit and Rs 23.32 arba in loan in the previous fiscal year.
The bank managed to write back only Rs 6.22 crore from the amount earlier provisioned for the possible loss. It also provisioned Rs 12.32 crore for the possible loss during the published period.
Prime Bank annualized EPS is at Rs 23.06, while its P/E ratio stands at 19.47 times and its net worth per share at Rs 126.72.
The bank non performing loan stands at 2.46 percent and capital adequacy ratio stands at 12.11 percent.
