Century Commercial Bank shows a decent growth of 45% in net profit ; Reserve almost doubles

Century Commercial Bank has published its 2nd quarter report for the FY 2074/75. The company has earned a net profit of Rs 32.51 crores as of 2nd quarter. 

Century Commercial Bank had earned a net profit of Rs 22.39 crores in the 2nd quarter of last fiscal year. This shows a growth of 45%. A growth of 20% is seen in the operating profit. The net interest income has also shown a growth of 47%, with this rising to Rs 76 crores. The interest income and expense has surged by 114% and 163% in the review period. 

A balanced growth is seen in the deposit collection and loan extension. Company has collected a deposit of Rs 52.17 arba by the second quarter, this stood at Rs 32.67 arba at the same time in the last fiscal year. Thus accounting a growth of 59%. A rise of 62% is seen in the loan extension . 

Century Commercial bank now has a paid-up capital of Rs 7.68 arba and a reserve of Rs 1.76 arba. The company's reserve has almost doubled in the review period. 

Key Ratios:

• Earning per Share :     Rs 8.47
• Networth                :     Rs 122.93
• P/E ratio                 :     23.49 times
• P/B ratio                 :     1.62 times
• NPL                        :     0.99%
• CCD                       :     76.06%

 

Positive side:

• Balanced growth in deposit collection and lending. 
• 110% rise in reserve.
• Decent growth in net interest income and net profit. 
•  Low NPL
• Adequate Capital 

Negative Side:

• Huge interest expense.
• Rising cost of fund. 
• Fall in EPS 
• Tight CCD ratio. 

 

 

(Figure In 000's)

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Particulars	As of 2074/75	As of 2073/74	Percentage Change (%)
Paid-up Capital	7,679,462	3,689,000	108.17
Reserve	1,760,948	835,903	110
Deposit	52,177,173	32,675,764	59.68%
Net Interest Income	760,176	516,019	47.31
Operating Profit	392,749	327,418	19.95
Staff Expense	209,700	141,855	47.82
Net profit	325,101	223,936	45
Cost of Fund	8.31	5.36
EPS	8.47	12.14
Networth	122.93	122.65