Standard Chartered reports decline in major indicators in Q1; Net worth per share declined to Rs. 194.13
Fri, Nov 13, 2020 6:52 AM on Latest, Company Analysis,
Standard Chartered Bank Nepal Limited (SCB) has published its first-quarter report for the FY 2077/2078 with a decrease in Net Profit by 37.69%. The bank’s net profit declined to Rs. 40.13 crores in this quarter from Rs. 64.41 crores of FY 2076/2077.
The company’s operating profit has increased by 37.74% to Rs. 58.37 crores in first-quarter compared to the corresponding quarter of the previous year. The bank has Rs. 34.88 crores as distributable profit after P/L appropriation and regulatory requirements in this quarter.
The bank has a deposit of Rs. 82.22 Arba in this quarter. Similarly, loans and advances decreased to Rs. 50.17 Arba. The net interest income of the bank decreased by 18.56% to Rs. 1.43 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stood at Rs. 8.01 Arba with Rs. 7.54 Arba as its reserves and surplus. The Non-performing loan (NPL) stood at 0.87%.
The annualized EPS for the bank stood at Rs. 20.04. The Net worth per share stands at Rs. 194.13 The stock for the period traded at a P/B multiple of 3.39 times.
Financial Highlights:
|
Particulars |
Standard Chartered Bank Nepal Limited |
||
|---|---|---|---|
|
Q1, 2077/2078 |
Q1, 2076/2077 |
Difference |
|
|
Paid-Up Capital |
8,011,431.00 |
8,011,431.00 |
- |
|
Share Premium |
0.00 |
0.00 |
- |
|
Retained Earnings |
1,919,291.00 |
1,517,920.00 |
26.44% |
|
Reserves |
5,622,105.00 |
5,573,145.00 |
0.88% |
|
Deposits from Customers |
82,224,339.00 |
95,020,841.00 |
-13.47% |
|
Loans & Advances to Customers |
50,173,855.00 |
53,924,856.00 |
-6.96% |
|
Net Interest Income |
1,430,167.00 |
1,756,170.00 |
-18.56% |
|
Fee and Commission Income |
148,713.00 |
236,425.00 |
-37.10% |
|
Impairment Charge/ (Reversal) |
-22,370.00 |
-9,711.00 |
- |
|
Personnel Expenses |
255,166.00 |
301,534.00 |
-15.38% |
|
Operating Profit |
580,371.00 |
932,160.00 |
-37.74% |
|
Profit/ (Loss) for the period |
401,371.00 |
644,112.00 |
-37.69% |
|
Total Comprehensive Income |
450,331 |
629,780 |
- |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
348,838.00 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
20.23% |
19.44% |
- |
|
Non-Performing Loan (NPL) |
0.87% |
0.18% |
- |
|
CCD (as per NRB Directive) |
62.12% |
69.93% |
- |
|
Cost of Fund (%) |
4.67% |
5.32% |
- |
|
Base Rate (%) |
6.61% |
7.36% |
- |
|
Annualized EPS (Rs.) |
20.04 |
32.16 |
-37.69% |
|
Net Worth per share (Rs.) |
194.13 |
188.51 |
2.98% |
|
Qtr End PE Ratio (Rs.) |
32.83 |
- |
- |
|
Qtr End Market Price |
658 |
- |
- |
|
Price to Book (PB Ratio) |
3.39 |
- |
- |
