Nepal credit & commerce Bank limited (NCCB) has stated huge surge in net profit of 356.74% in the second quarter of this fiscal year 2074/75.
As per the published report, Nepal credit & commerce Bank limited has posted net profit of 35.45 crore in this second quarter of FY 2074/75. It is increased by 356.74%. NCCB has earned 7.76 crore in the corresponding quarter last year.
NCCB made a deposit collection of 58.19 arba and expanded in loans of 51.41 arba.
Its net interest income is 58.74 crore & operating profit stands at 17.41 crore. It is increased by 126.89%.
Paid up capital is 4.67 arba with reserves of 2.91 arba. NCCB is seeking for approval for 50% right share from SEBON. Even after 50% right share, NCCB needs to hike its capital by around 14%.
Non-performing loan stands at 4.04%. CD ratio stands at 76.48% & cost of fund is 8.19%
Annualized earning per share is 10.24 & net worth per share is 162.29.
PE ratio stands at 32.22 times.
