Standard chartered bank reported decline in business volume and core business revenue in Q2; NPL incresed to 1.54%
Thu, Jan 28, 2021 7:31 AM on Latest, Company Analysis,
Standard Chartered Bank Limited (SCB) has published its second-quarter report for the FY 2077/2078 with a decline in Net Profit by 40.69%. The bank's net profit has decreased from Rs. 1.22 Arba in the second quarter of FY 2076/2077 to Rs. 72.76 crores in the second quarter of FY 2077/2078.
The bank reported Rs. 61.64 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank’s deposit from customers decreased by 12.12% to Rs. 83.50 Arba (compared to immediate previous year ending) whereas loans and advances to customers decreased by 1.48% to Rs. 53.12 Arba (compared to the immediate previous year ending) till the second quarter. The Net Interest Income (core business income) of the bank has decreased by 37.28% to Rs. 1.15 arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 8.57 Arba with Rs. 7.06 Arba in Reserve and surplus. The Non-performing loan (NPL) increased to 1.54%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 16.98 and Net worth per share stood at Rs. 182.47. The company traded at a P/B multiple of 3.67 times.
Major Highlights:
|
Particulars |
Standard Chartered Bank Limited |
||
|---|---|---|---|
|
Q2, 2077/2078 |
Q2, 2076/2077 |
Difference |
|
|
Share Capital |
8,572,231.00 |
8,011,431.00 |
7.00% |
|
Reserve & Surplus |
7,069,230.00 |
7,091,065.00 |
-0.31% |
|
Loans and Advances |
53,124,894.00 |
53,924,856.00 |
-1.48% |
|
Deposit from Customers |
83,508,529.00 |
95,020,841.00 |
-12.12% |
|
Net Interest Income |
1,152,109.00 |
1,837,031.00 |
-37.28% |
|
Impairment charge/(Reversal) for loans |
-2,345.00 |
27,407.00 |
- |
|
Operating Profit |
1,044,065.00 |
1,760,353.00 |
-40.69% |
|
Net Profit |
727,639.00 |
1,226,913.00 |
-40.69% |
|
Capital Adequacy Ratio (CAR) |
19.36% |
16.08% |
- |
|
Non-performing Loan (%) |
1.54% |
0.17% |
- |
|
Cost of Funds (%) |
4.06% |
4.77% |
- |
|
Base Rate (%) |
6.07% |
5.93% |
- |
|
CCD Ratio (as per NRB Directives) |
62.75% |
78.56% |
- |
|
Annualized EPS (Rs.) |
16.98 |
30.63 |
- |
|
Net Worth per share (Rs.) |
182.47 |
188.51 |
- |
|
Price to Earnings (Times) |
39.41 |
- |
- |
|
Price to Book (Times) |
3.67 |
- |
- |
