Century Commercial bank Limited reports massive surge in net profit of 102.63% in the third quarter of fiscal year 2074/75.
As per the published report, the commercial bank has posted increased in net profit to Rs.63 crore in Q3 from Rs 31.09 crore in the corresponding quarter of previous year.
The bank has collected deposit of Rs. 52.73 arba & disbursed in loan & advance of Rs.50.02 arba. Likewise, it had collected deposit of Rs.33.14 arba & floated in loan of Rs.30.06 in the last corresponding quarter of FY 2073/74. Deposit collection is inclined by 59.10% & loan expansion rise by 66.38%.
Net interest income of bank has risen to Rs.1.22 arba from Rs.77.10 crore in last year. Likewise, operating profit has risen to Rs.85.37 crore from Rs. 47.10 crore in corresponding quarter of last year. Operating profit increased by 81.23%.
Its paid up capital is Rs. 8.06 arba with reserves of Rs. 1.21 arba.
Its non-performing loan is at 0.76% from 0.53% in the last year.
Annualized earning per share is Rs. 10.42 & Net worth per share stands Rs. 115.04.
Also Read: Nepal SBI Bank Q3 report, net profit of Rs.1.38 arba
