Standard Chartered Bank earns Rs 45.20 crore in Q1; EPS stand at Rs 61.43

Standard Chartered Bank Nepal Limited’s (SCB) net profits declined by 1.29% in the first quarter of the current fiscal year 2072/73. Publishing the unaudited financial report, the bank stated that its net profit fell to Rs.34.52 crore in the current fiscal year, down from Rs.34.97 crore in the corresponding period of the previous fiscal year 2071/72. Net Interest income of the bank declined to Rs.45.20 crore, down from Rs.49.80 crore in the previous fiscal year. The foreign exchange income of the bank rises to Rs.17.15 crore, up from Rs.11.49 crore. Standard Chartered Bank’s paid up capital remains at Rs.2.24 arba and reserve of Rs.4.47 arba. The bank also amassed huge amount of deposits in the Q1 of the ongoing fiscal year. Deposits collection reached Rs.58.35 arba in Q1, up from Rs.52.16 arba in the corresponding period last year. Meanwhile, it has mobilized loans and advances of Rs.26.92 arba in Q1 whereas in the same period last year the figure stood at Rs.29.55 arba. Its non-performing loan (NPL) increases from 0.25 percent in corresponding compared to 0.38 percent in the first quarter. Annualized Earning per Share (EPS) of the bank is Rs.61.43, P/E ratio 43.95 times and net worth per share stands at Rs.299.61.