Kathmandu. Standard Chartered Bank in the current fiscal year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the bank has earned a net profit of Rs 2.08 billion in the first nine months of the current FY. Previous fiscal year 2081. During the same period, the bank earned a net profit of Rs 2.17 billion. The bank’s net profit declined by 4.24 percent compared to the previous year.
The distributable profit of the bank stood at Rs 1.35 billion in the review period. The bank has the capacity to distribute 17.69 percent dividend till the third quarter.
The bank’s operating profit declined to Rs 2.97 billion as of mid-April. Operating profit was Rs 3.16 billion in the same period a year ago. The operating profit of the bank decreased by 6.24 percent.
In the third quarter of the current fiscal year, the bank has earned an interest income of Rs 2.91 billion. The bank had posted a net profit of Rs 3.24 billion in the same period last year. Interest income also decreased by 10.06 percent.
The bank has paid-up capital of Rs 10.04 billion with rated earnings of Rs 1.35 billion and reserve capital of Rs 10.55 billion. Last year, the retained earnings stood at Rs 1.99 billion and Rs 9.63 billion in reserves.
During the review period, the bank collected deposit of Rs 145.01 billion and extended loan of Rs 68.47 billion. The bank had collected deposit of Rs 125.33 billion and extended loan of Rs 72.89 billion in the review period.
The bank’s bad loan ratio (NPL) has increased to 1.81 percent in the first quarter of the current FY. The bank’s NPL was 1.44 percent in the same period last year.
The bank’s annual earnings per share (EPS) has decreased to Rs 20.73. The EPS was Rs. 21.65 in the previous year. The bank’s net worth per share is Rs 218.59 with a P/E ratio of 23.55 times.
