Standard Chartered Bank Nepal Limited (SCB) has entered the list of billion-earning banks in the third quarter of the ongoing fiscal year 2073/74.
As per the quarterly report published by the bank today, its net profit has increased by a modest 17.37% and now stands at Rs 1.06 arba as of the end of Q3. It had earned Rs 90.67 crore in net profit in the same period last year.
It has collected Rs 69.56 arba in deposits and floated loans worth Rs 37.35 arba up to this period. With a CD ratio of 75.77% and net interest income of Rs 1.55 arba, SCB has shown that it has a modest room for further growth.
Although its net profit has increased, it has not been able to maintain its EPS in the same proportion. The EPS stood at a staggering Rs 53.78 last year in this period, while now it stands at only Rs 37.84. Its paid up capital has increased by 66.80% in this period, which is now at Rs 3.74 arba.
Up to the end of Q3 this year, its reserve has reached Rs 4.83 arba with net worth per share of Rs 229. This reserve will grow by Rs 3 arba after its FPO concluded yesterday.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q3 |
FY 2072/73 Q3 |
Difference (%) |
| Paid Up Capital |
3,749,901 |
2,248,161 |
66.80% |
| Reserve and Surplus |
4,838,557 |
4,607,173 |
5.02% |
| Deposits |
69,567,471 |
58,124,051 |
19.69% |
| Loans and Advances |
37,355,946 |
29,334,926 |
27.34% |
| Net Interest Income |
1,555,535 |
1,307,255 |
18.99% |
| Provision |
110,372 |
87,036 |
26.81% |
| Write Back |
46,342 |
68,501 |
-32.35% |
| Operating Profit |
1,613,991 |
1,319,211 |
22.35% |
| Net Profit |
1,064,283 |
906,780 |
17.37% |
| Capital Adequacy Ratio |
16.89% |
14.91% |
- |
| NPL |
0.23% |
0.29% |
-20.69% |
| Cost of Fund |
2.64% |
1.52% |
|
| CD Ratio (as per NRB) |
75.77% |
64.87% |
- |
| EPS (Annualized) |
37.84 |
53.78 |
-29.63% |
| PE Ratio |
62.10 |
|
|
| Networth Per Share |
229.03 |
|
|
