Standard Chartered Bank Logs Distributable Profit of Rs 1.8 Bn

Aug 14, 2019 11:16 AM Merolagani

Standard Chartered Bank (SCB) has earned distributable profit of Rs 1.80 billion in the fourth quarter of the last FY. The bank with Rs 8.01 billion in paid-up capital can distribute 22 percent dividend to its shareholders.

The bank increased its net profit by 14 percent to Rs 2.49 billion in the fourth quarter of the last FY compared to Rs 2.18 billion of the corresponding period of the previous FY.

In the review period, the bank increased its deposit collection by 13 percent to Rs 75.73 billion and loan extension by 19 percent to Rs 53.11 billion.

During the period, the bank increased its net interest income by 6.83 percent to Rs 3.52 billion.

The bank with paid-up capital of Rs 8.01 billion has a reserve fund of Rs 5.17 billion.

The bank maintained non-performing loan of 0.15 percent, EPS of Rs 31.15, net worth per share of Rs 189.08 and P/E ratio of 21.90 times.

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