The bank earned Rs 1.13 billion in the fourth quarter of the last FY compared to Rs 1.02 billion of the corresponding period of the previous FY.
Amid the pandemic, while most of the banks logged decline in net profit, NCC Bank has increased its net profit. The net profit increased despite decrease in operating profit due to decrease in tax expenses compared to the previous FY. The bank has distributable profit of Rs 699.9 million.
In the review period, the net interest of the bank increased by Rs 2.96 billion to Rs 3.21 billion. However, its operating profit decreased by Rs 1.96 billion to Rs 1.74 billion.
During the period, the employee expenses of the bank increased to Rs 1.26 billion and other operating income to Rs 560 million. The bank has impairment charge of Rs 328.2 million.
In the last FY, the bank collected deposit of Rs 65.97 billion and extended loan of Rs 73.78 billion. During the period, the non-performing loan of the bank increased to 2.79 percent. The bank logged base rate of 9.03 percent, spread rate of 3.84 percent and cost of fund of 6.44 percent. Similarly, it has CCD ratio of 74.88 percent and capital fund ratio of 13.40 percent.
The bank has paid-up capital of Rs 9.35 billion and reserve fund of Rs 2.93. The bank has EPS of Rs 12.09, net worth per share of Rs 140.91 and P/E ratio of 15.38 times.
