Net Profit of NCC Bank Declines by 1.69%

Nov 13, 2020 02:54 PM Merolagani

Nepal Credit and Commerce Bank (NCCB) has decreased its net profit by 1.69 percent in the first quarter of the current FY.

In the review period, the bank earned a net profit of Rs 334.5 million. The net profit decreased by 1.69 percent compared to Rs 340.3 million of the corresponding period of the last FY.

In the review period, the bank maintained a distributable profit of Rs 122.5 million. In the review period, the net interest income of the bank decreased by Rs 40 million to Rs 790.5 billion, and operating profit to Rs 456.8 million.

The bank with Rs 9.35 billion in paid-up capital has reserve fund of Rs 3.16 billion.  

During the period, the bank collected deposit of Rs 80.89 billion and extended loan of Rs 67.52 billion. The bank has EPS of Rs 14.55, net worth per share of Rs 144.59 and P/E ratio of 15.73 times.

Similarly, the bank maintained non-performing loan of 2.83 percent, capital fund ratio of 13.43 percent, cost of fund of 6.16 percent, CCD ratio of 74.83 percent, base rate of 8.63 percent and spread rate of 4.38 percent.

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