Standard Chartered Bank earns Rs 2.49 arba in Q4 with 13.95% growth; base rate stands at low of 7.63% and capital adequacy is 19.90%
Wed, Aug 14, 2019 7:45 AM on Financial Analysis, Stock Market, Latest,
Standard Chartered Bank Nepal Limited (SCB) has reported a 13.95% growth in net profit in the fourth quarter of FY 2075/76. The bank’s profit has increased from Rs 2.18 arba in the fourth quarter of the fiscal year 2074/75 to Rs 2.49 arba in the fourth quarter of the fiscal year 2075/76.
In the same quarter, the bank has Rs 1.80 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means Standard Chartered Bank can distribute around 22% (approx.) dividend from the earnings of FY 2075/76 if other regulatory reserve requirements are not required.
The bank’s deposit rises by 12.93% to Rs 75.73 arba whereas loans and advances have also increased by 19.18% to Rs 53.11 arba till the fourth quarter. The net interest income (core business income) of the bank has also increased by meager 6.83% to Rs 3.53 arba from Rs 3.29 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.01 arba with Rs 6.97 arba as its reserve. The Non-Performing Loan (NPL) and base rate stands at low of 0.15% and 7.63% respectively.
In the fourth quarter, the EPS of the bank stands at Rs 31.15. The net worth per share stands at Rs 187.08 and qtr end PE ratio stands at 21.90 times.
The capital adequacy of the bank stands as high of 19.90%.
Major Highlights:
|
Particulars (In Rs '000) |
Standard Chartered Bank |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
8,011,431 |
8,011,431 |
0.00% |
|
Share Premium |
- | - | - |
|
Retained Earnings |
1,803,495 |
1,403,042 |
28.54% |
|
Reserves |
5,172,845 |
4,511,029 |
14.67% |
|
Deposits from Customers |
75,731,527 |
67,061,047 |
12.93% |
|
Loans & Advances to customers |
53,110,141 |
44,561,330 |
19.18% |
|
Net Interest Income |
3,523,189 |
3,298,034 |
6.83% |
|
Impairment Charge/(Reversal) |
88,238 |
74,889 |
- |
|
Personnel Expenses |
1,083,173 |
997,877 |
8.55% |
|
Operating Profit |
3,480,790 |
3,017,464 |
15.35% |
|
Profit/(Loss) for the Year |
2,495,360 |
2,189,898 |
13.95% |
|
Total Comprehensive Income |
2,464,268 |
2,157,515 |
14.22% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,802,453 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
19.90 |
22.99 |
-13.44% |
|
NPL |
0.15 |
0.18 |
-16.67% |
|
CCD (as per NRB Directives) |
73.13 |
71.68 |
2.02% |
|
Cost of Fund (%) |
5.5 |
4.41 |
24.72% |
|
Base Rate (%) |
7.63 |
7.87 |
-3.05% |
|
EPS (In Rs.) |
31.15 |
27.33 |
13.95% |
|
Net Worth per Share (In Rs.) |
187.08 |
173.82 |
7.63% |
|
Qtr End PE Ratio (times) |
21.90 |
- |
- |
