Prime Commercial Bank Limited (PCBL) has registered a meager profit growth of 19.29 percent in the second quarter (Q2) of the fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has elevated to Rs. 55.97 crore in second quarter up from Rs. 46.92 crore in the corresponding quarter of the previous fiscal year.
Prime Commercial Bank’s net interest income has risen to Rs 80.81 crore in Q2 as compared to Rs. 69.38 crore in the corresponding quarter.
It has a paid up capital of Rs 4.94 arba with reserve of Rs 2.43 arba in Q2.
The bank also collected of deposits of Rs 55 arba in Q2, up from Rs.42.30 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 46.05 arba in Q2 whereas in the same period last year the figure stood at Rs. 34.11 arba.
Its non-performing loan (NPL) declined to 1.36 percent in the current quarter from 1.46 percent in the previous year report.
Prime Bank’s Earnings per Share (EPS) stands at Rs. 22.66, net worth per share at Rs.149.34, and P/E ratio at 22.51 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
4,940,349.69 |
3,705,262.26 |
33.33% |
| Reserve and Surplus |
2,437,366.83 |
1,096,743.76 |
122.24% |
| Deposits |
55,006,021.38 |
42,306,181.93 |
30.02% |
| Loans and Advances |
46,052,452.56 |
34,118,584.02 |
34.98% |
| Net Interest Income |
808,157.85 |
693,878.05 |
16.47% |
| Provision |
184,737.15 |
123,136.81 |
- |
| Write Back |
145,386.91 |
151,416.06 |
- |
| Operating Profit |
734,169.30 |
585,932.90 |
25.30% |
| Net Profit |
559,717.58 |
469,222.07 |
19.29% |
| Capital Adequacy Ratio |
13.57% |
12.48% |
- |
| NPL |
1.36% |
1.11% |
22.52% |
| Base Rate |
7.30% |
7.20% |
- |
| Cost of Fund |
4.48% |
4.52% |
|
| CD Ratio (as per NRB) |
76.30% |
74.39% |
- |
| EPS (Annualized) |
22.66 |
25.33 |
-10.53% |
| PE Ratio |
22.51 |
|
|
| Networth Per Share |
149.37 |
|
|
