Century Commercial Bank has published third quarter report of FY 2075/76 based on Nepal financial reporting standard (NFRS). It has reported decline in net profit by 9.06% in the comparing period.
Net profit: It has reported net profit of Rs.61.06 crore in Q3 which was Rs.67.15 crore in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.34.59 crore which can be distribute as dividend to its shareholders.
Deposit: The bank has collected deposit Rs. 57.82 arba in Q3 of FY 2075/76 from Rs.47.04 arba in Q3 of last Fiscal year.
Loan & advance: It had extended Rs.57.39 arba in loan and advances which was Rs.47.94 arba in same period of last fiscal year.
Net interest income: It has made net interest income of Rs. 1.97 arba in Q3 from Rs.1.35 arba in Q3 of last fiscal year 2074/75.
Expenses: The bank has made expanses of Rs.66.91 crore for staff salary which was Rs. 48.48 crore in Q3 of last year.
Operating profit: It has posted operating profit of Rs 87.33 crore from Rs.93.66 crore in the corresponding quarter of last year. Operating profit declined by 6.76%.
Major reason to fall in profit is due to provision of possible losses of Rs.34.56 crore.
Paid up capital & Reserve fund: Paid up capital stands at Rs.8.25 arba. Reserve increased to Rs.82.67 crore.
Its non performing loan at 1.53% from 0.76% in the last year.
Major indicators
- Annualized earning per share (EPS): Rs.9.87
- Net worth per share: Rs.124.36
- Price to Earning ratio: 17.23 times
- Capital adequacy: 14.32%
- Cost of fund: 8.47%
- Base Rate:11.32%
- Credit to deposit ratio: 79.79%
