Standard Chartered Bank earns Rs 1.14 arba in Q2; EPS remains at Rs 28.59 with NPL of 0.20%
Tue, Feb 12, 2019 7:15 AM on Financial Analysis, Stock Market,
Standard Chartered Bank Nepal (SCB) has reported a meager rise in the net profit in the second quarter of the fiscal year 2075/76. The net profit has increased by 6.79% in the second quarter and the free profit has increased by 4.03%% as compared to the corresponding quarter.
The bank’s net profit has increased from Rs 1.07 arba in the second quarter of the fiscal year 2074/75 to Rs 1.14 arba in the second quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 99.81 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders after maintaining mandatory reserve as per NRB directives.
The bank’s deposit has decreased by meager 0.13% to Rs 65.98 arba while loans and advances have increased by 18.60% to Rs 50.96 arba in the second quarter.
The net interest income of the bank has increased to Rs 1.65 arba from Rs 1.61 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.01 arba with Rs 7.03 arba as its reserve.
The Non-Performing Loan (NPL) has increased slightly to 0.20% from 0.17%.
In the second quarter, the EPS of the bank stands at Rs 28.59. The net worth per share stands at Rs 187.87 and its PE stands at 20.63 times.
Major Highlights:
|
Particulars (In Rs '000) |
Standard Chartered Bank Limited |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,011,431 |
8,011,431 |
0.00% |
|
Reserve & Surplus |
7,039,850 |
4,822,224 |
45.99% |
|
Deposits |
65,984,118 |
66,072,253 |
-0.13% |
|
Borrowings |
- |
- |
- |
|
Loans & Advances |
50,968,614 |
42,976,586 |
18.60% |
|
Net Interest Income |
1,651,852 |
1,614,563 |
2.31% |
|
Impairment Charge/(Reversal) |
-54,479 |
-31,403 |
- |
|
Operating Profit |
1,636,208 |
1,532,201 |
6.79% |
|
Profit/(Loss) for the Year |
1,145,346 |
1,072,541 |
6.79% |
|
Total Comprehensive Income |
1,125,779 |
1,039,660 |
8.28% |
|
Add/ Less: Regulatory adjustment as per NRB |
-147,195 |
-113,050 |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
998,151 |
959,491 |
4.03% |
|
Capital Adequacy Ratio (CAR) |
22.03 |
22.96 |
-4.05% |
|
NPL |
0.2 |
0.17 |
17.65% |
|
CCD (as per NRB Directives) |
75.81 |
78.97 |
-4.00% |
|
Base Rate (%) |
7.55 |
5.8 |
30.17% |
|
Annualized EPS (In Rs.) |
28.59 |
26.78 |
6.79% |
|
Net Worth per Share (In Rs.) |
187.87 |
160.19 |
17.28% |
|
PE Ratio |
20.63 |
- |
- |
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