Prime Commercial enters the billionaire's club in the first nine months ; earns 1.25 arba as Net Profit

As per the 3rd quarter report, Prime Commercial Bank has earned a net profit of Rs 1.25 arba. This is 42.5% more then what earned in the previous year. The company now has an annualized EPS of Rs 20.89. 

The company currently has a paid-up capital of Rs 8.03 arba with a reserve of Rs 2.66 arba. It has a per share net worth of Rs 133.12. In terms of deposit, a growth of 32.25% is noticed as the company has collected 72.20 arba as deposit. Similarly, a growth of 36.87% is recorded in lending, as the company has lended Rs 66.53 arba in the review period. 

The major contributor for the tremendous growth in Net profit is the rise in Net Interest Income by 28.80%. Similarly, the income from fee, commission , foreign exchange and other operation has also significantly increased. The company's non operating income rose noticably and has contributed to the rise in Net profit. The staff expense has surged to Rs 26.90 crores. A growth of 39.42% is seen in the company's operating income. 

Positive Sides :

• Low NPL of 1.06%
• Rise in Operating Profit and Net Profit
• Above average growth in deposit and lending

Negative Sides :  

• Tight CAR
• Rise in Staff Expense

Key Indicators :

Earning Per Share (EPS)  : Rs 20.89

P/E Ratio                           : 14.12 times

P/B Ratio                           : 2.21 times

Networth Per Share          : Rs 133.12