Standard Chartered Bank Earns Rs 2.26 Arba in Q4 with Impressive Growth of 62.27%; EPS Stands at Rs. 24.07
Wed, Jul 27, 2022 11:36 AM on Latest, Financial Analysis, Stock Market,
Standard Chartered Bank Nepal Limited (SCB) has reported an outstanding growth in net profit by 62.27% in the fourth quarter of FY 2078/79. The bank’s profit has increased from Rs 1.39 arba in the fourth quarter of the fiscal year 2077/78 to Rs 2.26 arba in the fourth quarter of the fiscal year 2078/79.
In the same quarter, the bank has Rs 1.59 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.
The bank’s deposit rises by 7.03% to Rs 93.72 arba whereas loans and advances have also increased by 26.86% to Rs 79.17 arba till the fourth quarter. The net interest income (core business income) of the bank has also increased by 44.86% to Rs 3.75 arba from Rs 2.59 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 9.42 arba with Rs 8.67 arba as its reserve and surplus. The Non-Performing Loan (NPL) and base rate stands at 0.59% and 8.81% respectively.
In the fourth quarter, the EPS of the bank stands at Rs 24.07. The net worth per share stands at Rs 192 and qtr end PE ratio stands at 16.46 times.
Major Highlights:
| Particulars (In Rs '000") | Standarad Chartered Bank Nepal Limited | ||
|---|---|---|---|
| Q4 2078/79 | Q4 2077/78 | Difference | |
|
Share Capital |
9,429,454 | 8,572,231 | 10.00% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 2,911,240 | 1,776,753 | 63.85% |
| Reserves | 5,763,701 | 5,873,134 | -1.86% |
| Deposits from Customers | 93,721,916 | 87,564,220 | 7.03% |
| Loans & Advances to customers | 79,173,991 | 62,408,699 | 26.86% |
| Net Interest Income | 3,757,380 | 2,593,794 | 44.86% |
| Impairment Charge/(Reversal) | 134,307 | 408,381 | -67.11% |
| Personnel Expenses | 1,266,171 | 1,052,255 | 20.33% |
| Operating Profit | 3,251,138 | 2,012,589 | 61.54% |
| Profit/(Loss) for the Year | 2,269,855 | 1,398,835 | 62.27% |
| Total Comprehensive Income | 2,160,422 | 1,507,376 | 43.32% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,593,640 | ||
| Capital Adequacy Ratio (CAR) | 16.00 | 17.17 | -6.81% |
| NPL | 0.59 | 0.96 | -38.54% |
| CD (as per NRB Directives) | 85.15 | 75.83 | 12.29% |
| Cost of Fund (%) | 6.21 | 3.06 | 102.94% |
| Interest Rate Spread (%) | 4.23 | 3.88 | 9.02% |
| Base Rate (%) | 8.81 | 5.51 | 59.89% |
| EPS (In Rs.) | 24.07 | 16.32 | 47.52% |
| Net Worth per Share (In Rs.) | 192.00 | 189.24 | 1.46% |
| Qtr End PE Ratio (times) | 16.46 | - | - |
| Qtr End Market Price | 396.3 | - | - |
