Prime Commercial Bank Reported Satisfactory Increment In its Profitability In Q4; Look At The Major Financial Indicators
Wed, Aug 3, 2022 11:29 AM on Latest, Financial Analysis, Stock Market,
Prime Commercial Bank Limited (PCBL) has published its fourth-quarter report for the FY 2078/2079 with an increment in Net Profit by 12.63%. The bank's net profit has increased from Rs. 3.26 Arba in the fourth quarter of FY 2077/2078 to Rs. 3.68 Arba in the fourth quarter of FY 2078/2079.
The bank reported Rs. 2.39 Arba as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers increased by 3.93% to Rs. 1.60 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 9.44% to Rs. 1.48 kharba (compared to the immediate previous year ending) till the fourth quarter. The bank's Net Interest Income (core business income) has increased by 8.92% to Rs. 6.47 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 18.65 Arba with Rs. 8.89 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 1.4%.
The earnings per share (EPS) of the Bank stood at Rs. 19.73 and Net worth per share stood at Rs. 147.69. The company traded at a P/E multiple of 13.43 times.
Major Financial Highlights
