Prime Commercial Bank Reported Impressive Increment In its Profitability In Q4; Look At The Major Indicators
Sat, Aug 14, 2021 8:20 AM on Company Analysis, Latest,
Prime Commercial Bank Limited (PCBL) has published its fourth-quarter report for the FY 2077/2078 with an increment in Net Profit by 44.56%. The bank's net profit has increased from Rs. 2.25 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. 2.66 Arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 29.06% to Rs. 1.54 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 22.58% to Rs. 1.35 kharba (compared to the immediate previous year ending) till the fourth quarter. The bank's Net Interest Income (core business income) has increased by 28.26% to Rs. 5.95 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 16.08 Arba with Rs. 7.84 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 1.19%.
The earnings per share (EPS) of the Bank stood at Rs. 23.67 and Net worth per share stood at Rs. 148.76. The company traded at a P/B multiple of 3.22 times.
Major Highlights:
|
Particulars |
Prime Commercial Bank Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Share Capital |
16,083,036.90 |
13,985,249.50 |
15.00% |
|
Reserve & Surplus |
7,841,662.49 |
6,541,604.98 |
19.87% |
|
Loans and Advances |
135,376,649.72 |
110,435,793.07 |
22.58% |
|
Deposit from Customers |
154,149,965.45 |
119,441,613.62 |
29.06% |
|
Net Interest Income |
5,952,111.01 |
4,640,621.08 |
28.26% |
|
Impairment charge/(Reversal) for loans |
775,792.43 |
766,213.41 |
- |
|
Operating Profit |
4,699,215.69 |
3,268,542.97 |
43.77% |
|
Net Profit |
3,254,777.42 |
2,251,478.30 |
44.56% |
|
Capital Adequacy Ratio (CAR) |
15.10% |
13.84% |
- |
|
Non-performing Loan (%) |
1.19% |
1.48% |
- |
|
Cost of Funds (%) |
5.74% |
7.14% |
- |
|
Base Rate (%) |
7.21% |
8.62% |
- |
|
CCD Ratio (as per NRB Directives) |
79.60% |
74.54% |
- |
|
EPS (Rs.) |
20.24 |
16.10 |
- |
|
Net Worth per share (Rs.) |
148.76 |
146.78 |
- |
|
Price to Earnings (Times) |
23.67 |
- |
- |
|
Price to Book (Times) |
3.22 |
- |
- |
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