Prime Bank in Billionaire's Club; Earns 1.06 Bn Net Profit

Feb 10, 2019 Merolagani

The net profit of Prime Commercial Bank (PCBL) increased by 34 percent to Rs 1.06 billion in the second quarter of the current FY compared to the corresponding period of the last FY.

As per the financial report published under NFRS, the bank has a distributable profit of Rs 934.2 million during the review period.

The bank that increased its paid-up capital by 27 percent to Rs 8.03 billion has Rs 4.22 billion in reserve fund. During the period, the bank collected a deposit of Rs 76.72 billion and extended loan of Rs 72.60 billion.

In the review period, the bank increased its net interest income by 52 percent to Rs 1.77 billion.

The bank maintained bad debt ratio of 1.58 percent, EPS of Rs 26.41, net worth per share of Rs 152.55, cost of fund of 8.29 percent, base interest rate of 10.17 percent and capital fund ratio of 12.68 percent.

comments powered by Disqus

Development Banks Record Minimal Degrowth

Apr 24, 2024 06:56 AM

The net profit of development banks has declined less compared to commercial banks and finance companies in the third quarter.

Gold and Silver Price Decline

Apr 25, 2024 10:37 AM