Standard Chartered Bank Nepal Limited (SCB) has shown impressive progress in the first quarter of the FY 2074/75. Its net profit has surged by 38.09 % as compared to last year’s report.
Publishing the unaudited quarterly report for the first quarter today, the commercial bank has net profit of Rs 48.25 crore in the Q1 of fiscal year 2074/75, up from Rs 34.94 crore in the corresponding quarter of fiscal year 2073/74.
SCB has a paid up capital of Rs 4.01 arba with reserve of Rs 8.55 arba.
As per NRB’s directive for all commercial banks to increase their paid up capital to a minimum of Rs 8 arba by the end of FY 2073/74, SCB will need to issue a further capital hike of around Rs 4 arba (around 100%). SCB had distributed 33.33% bonus shares from the profit it had earned in the FY 2072/73.
SCB has collected Rs 71.42 arba in deposits and mobilized Rs 39.85 arba in loans in the first quarter of FY 2074/75.
The bank’s non-performing loan (NPL) has declined to 0.18 percent in Q1 from 0.31 percent in the same quarter of previous year.
Its annualized EPS stands at Rs 48.18, net worth per share stands at Rs 313.49 and P/E ratio at 45.35 times.
Major Highlights:
| Particulars (In Rs '000) |
Standard Chartered Bank (SCB) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
4,005,715 |
2,812,426 |
42.43% |
| Reserve & Surplus |
8,551,668 |
5,110,514 |
67.33% |
| Deposits |
71,421,579 |
57,412,822 |
24.40% |
| Loans & Advances |
39,851,258 |
32,391,272 |
23.03% |
| Net Interest Income |
702,640 |
500,043 |
40.52% |
| Provision for possible losses |
20,949 |
29,334 |
-28.58% |
| Operating Profit |
742,694 |
532,510 |
39.47% |
| Net Profit |
482,531 |
349,424 |
38.09% |
| NPL (%) |
0.18 |
0.31 |
-41.94% |
| Annualized EPS (In Rs.) |
48.18 |
49.70 |
-3.04% |
| Net Worth per Share (In Rs.) |
313.49 |
281.71 |
11.28% |
| P/E Ratio (In times) |
45.35 |
74.45 |
-39.09% |
Prabhu Bank Limited (PRVU) has shown decrease in net profit by 11.23% in the first quarter of the FY 2074/75.
Publishing the unaudited quarterly report for the first quarter today, the commercial bank has shown decrease in net profit to Rs 25.07 crore in the Q1 of fiscal year 2074/75, from Rs 28.24 crore in the corresponding quarter of fiscal year 2073/74.
It current paid up capital stands at Rs 5.88 arba with Rs 2.76 arba in reserve. To meet the capital requirement of Rs 8 arba, it will be issuing 40% right share which is yet to be approve from SEBON.
It has collected Rs 82.84 arba in deposits and mobilized Rs 66.76 arba in loans in the first quarter of FY 2074/75.
The bank’s non-performing loan (NPL) has declined to 4.23 percent in Q1 from 7.54 percent in the same quarter of previous year.
Its annualized EPS stands at Rs 17.05, net worth per share stands at Rs 147.04 and P/E ratio at 22.17 times.
Major Highlights:
| Particulars (In Rs '000) |
Prabhu Bank (PRVU) |
| Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
5,881,402 |
5,881,402 |
0.00% |
| Reserve & Surplus |
2,766,473 |
554,723 |
398.71% |
| Deposits |
82,843,426 |
65,296,259 |
26.87% |
| Borrowings |
1,223,501 |
20,529 |
5859.87% |
| Loans & Advances |
66,767,951 |
51,745,689 |
29.03% |
| Net Interest Income |
513,454 |
468,217 |
9.66% |
| Provision for possible losses |
111,156 |
100,368 |
10.75% |
| Operating Profit |
237,190 |
199,673 |
18.79% |
| Net Profit |
250,739 |
282,464 |
-11.23% |
| NPL (%) |
4.23 |
7.54 |
-43.90% |
| Annualized EPS (In Rs.) |
17.05 |
19.21 |
-11.23% |
| Net Worth per Share (In Rs.) |
147.04 |
109.43 |
34.36% |
| P/E Ratio (In times) |
22.17 |
- |
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