Nepal Credit and Commerce Bank Earns Net Profit of Rs 1.52 Bn

Aug 14, 2019 11:38 AM Merolagani

Nepal Credit and Commerce Bank (NCCB) has increased its net profit by 13.81 percent to Rs 1.52 billion in the fourth quarter of the last FY compared to Rs 1.34 billion of the corresponding period of the previous FY.

However, the increased paid-up capital has dragged its EPS down to Rs 21.75 from earlier Rs 28.67. The EPS decreased by Rs 6.92 in the review period.

The bank earned a distributable profit of Rs 1.20 billion in the fourth quarter of the last FY. The bank can distribute a 14 percent dividend to its shareholders.

In the review period, the bank increased its deposit collection by 17.07 percent to Rs 67.03 billion and loan extension by 18.86 percent to Rs 61.13 billion.

During the period, the bank increased its net interest income by 91.49 percent to Rs 3.08 billion.

The bank has a reserve fund of Rs 3.59 billion.

The bank maintained a non-performing loan of 2.78 percent, net worth per share of Rs 178.38 and P/E ratio of 11.31 times.

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