Net Profit of Century Commercial Bank Decreases

Aug 15, 2019 02:15 PM Merolagani

The net profit of Century Commercial Bank has decreased by 5.6 percent to Rs 860.8 million in the fourth quarter of the last FY compared to Rs 912.2 million of the corresponding period of the previous FY.

Similarly, the distributable profit of the bank also decreased by 38.89 percent to Rs 535.1 million in the review period compared to Rs 875.7 million of the previous FY.

The bank with Rs 8.41 billion in paid-up capital has reserve fund of Rs 1.03 billion.

During the period, the bank increased its deposit collection by 8.7 percent to Rs 57.99 billion and loan extension by 7.73 percent to Rs 56.93 billion. The bank earned net interest income of Rs 2.67 billion in the review period.

The bank has non-performing loan of 1.72 percent, EPS of Rs 10.23, net worth per share of Rs 120.8 and P/E ratio of 17.3 times.


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