Nepal Credit & Commerce Bank limited has posted massive raise in net profit of 224.54% in the third quarter of fiscal year 2074/75.
As per the published report, net profit of the bank raise to Rs.54.31 crore in Q3 from Rs 16.73 crore in the corresponding quarter of last year.
During this period, the bank has collected deposit of Rs 59.01 arba & floated in loan & advance of Rs.52.12 arba.
Net interest income of bank has declined to Rs 1.01 arba from Rs.1.54 arba in last year. Likewise, operating profit has increased to Rs.34.63 crore from Rs8.66 crore in corresponding quarter of last year. Operating profit is surged by 299.73%.
The bank is able to write back amount of Rs.44 crore from provision.
Its paid up capital is Rs. 4.67 arba with reserves of Rs. 3.12 arba.
Its non-performing loan is at 3.97% from 4.04% in the last year.
Annualized earning per share is Rs. 15.48 & Net worth per share is Rs. 166.85. PE ratio stands at 21.06 times.
Major indicators
Cost of fund: 8.52%
CD ratio: 75.60%%
Return on equity: 9.83%
Return on asset: 0.99%
