Net Profit of Century Commercial Bank Increases By 34%

Aug 14, 2020 04:30 PM Merolagani

Century Commercial Bank (CCBL) has increased its net profit by 33.99 percent to Rs 906.3 million in the fourth quarter of the FY compared to Rs 676.4 million of the corresponding period of the previous FY.

During the period, the bank collected deposit of Rs 65.34 billion and extended loan of Rs 58.04 billion.

During the period, the bank earned net interest income of Rs 2.86 billion and operating profit of Rs 1.22 billion. In the meantime, its EPS increased to Rs 10.77from earlier Rs 8.04.

The bank with paid-up capital of Rs 8.41 billion has reserve fund of Rs 1.56 billion, retained earning of Rs 682.1 million and share premium of Rs 34.3 million. The bank distributable profit of Rs 409.2 million.

The bank logged non-performing loan of 2.21 percent, net worth per share of Rs 126.76 and P/E ratio of 15.32 times.

The bank has base rate of 9.38 percent and spread rate of 3.38 percent.

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