Century Commercial Bank Logs Plain Growth

Nov 15, 2019 01:02 PM Merolagani

Century Commercial  Bank (CCBL) has increased its net profit by Rs 96.8 million to Rs 370.8 million in the first quarter of the current FY compared to Rs 274 million of the corresponding period of the last FY.

As per the financial report published under NFRS format, the bank has distributable profit of Rs 180.7 million.

The bank with Rs 8.41 billion in paid-up capital has reserve fund of Rs 1.28 billion and retained earnings of Rs 470.8 million.

During the period, the bank collected deposit of Rs 61.24 billion and extended loan of Rs 58.54 billion. Similarly, the bank increased its interest income by 11.47 percent to Rs 780.4 million and net operating profit of Rs 930 million.

During the review period, the bank maintained non-performing loan of 2.47 percent, EPS of Rs 17.63,  net worth per share of Rs 121.29 and P/E ratio of 8.74 times.

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