Standard Chartered Bank profit dwindled by 5.30% in Q3; EPS at Rs 53.78

Standard Chartered Bank Nepal Limited (SCB) reports net profit dwindled by 5.30 percent in the third quarter of the current fiscal year 2072/73. Publishing the unaudited financial report, the bank stated that its net profit decline to Rs.90.67 crore in the current fiscal year, down from Rs.95.75 crore in the corresponding period of the previous fiscal year 2071/72. Net Interest Income of the bank declined to Rs 1.30 arba, down from Rs.1.40 arba in the previous fiscal year. The foreign exchange income of the bank rises to Rs 46.70 crore in Q3, up from Rs.37.97 crore in corresponding quarter. Standard Chartered Bank’s paid up capital remains at Rs.2.24 arba and reserve of Rs.4.60 arba. Deposits collection reached to Rs.58.12 arba in Q3, up from Rs.51.39 arba in the corresponding period last year. Meanwhile, it has mobilized loans and advances of Rs. 29.69 arba in Q3 whereas in the same period last year the figure stood at Rs. 30.79 arba. Its non-performing loan (NPL) increases from 0.18 percent in corresponding compared to 0.29 percent in the third quarter. Annualized Earning per Share (EPS) of the bank is Rs.53.78, P/E ratio 59.47 times and net worth per share stands at Rs.304.93.