Prime Commercial Bank profit rises 78.06%, NPA up 193.42%
Mon, Aug 5, 2013 12:00 AM on Others,
ShareSansar, Aug 6:
Prime Commercial Bank has posted a hefty growth in profit for the FY 2069/70. It reported profit rise of 78.06% over last year.
The bank earned a profit of Rs 47.97 crore this year as against Rs 26.94 crore reported in the previous fiscal.
The bank’s nonperforming assets (NPA), however, rose by an alarming 193.42%, from 0.76% in the previous fiscal to 2.23 this year.
The bank’s deposits increased 20% to Rs 28.81 arba. Likewise, its loans and advances grew 12.24% to Rs 21.21 arba.
The bank’s EPS stands at Rs 20.5 and its net worth stands at RS 131.2.
Financial Highlights of Prime Commercial Bank Ltd.
(Rs. In '000')
|
Particulars |
FY 2069/70 |
FY 2068/69 |
Growth (%) |
|
Net Profit (Rs.) |
479790.11 |
269449.12 |
78.06% |
|
Operating Profit (Rs.) |
666694.16 |
409220.77 |
62.92% |
|
Provision (Rs.) |
268519.23 |
218382.09 |
22.96% |
|
Net Interest Income (Rs.) |
1041947.2 |
716430.03 |
45.44% |
|
Deposits (Rs.) |
28814138 |
23990953 |
20.10% |
|
Loans and Advances (Rs.) |
21215604 |
18902415 |
12.24% |
|
NPA (%) |
2.23 |
0.76 |
193.42% |
|
Cost of Funds (%) |
6.99 |
9.61 |
-27.26% |
|
EPS (Rs.) |
20.5 |
15.08 |
35.94% |
|
P/E Ratio |
15.8 |
15.72 |
0.51% |
|
Networth (Rs.) |
131.2 |
125.86 |
4.24% |
|
Fiscal Year End Price (Rs.) |
324 |
237 |
36.71% |
