Core Business Revenue of Standard Chartered Bank Rises By Impressive 78.36% To Rs. 4.40 Arba In Q3
Thu, Apr 20, 2023 10:50 AM on Financial Analysis, Stock Market, Latest,
Standard Chartered Bank Nepal Limited (SCB) has reported growth in net profit by 60.25% in the third quarter of FY 2079/80. The bank’s profit has increased from Rs 1.62 arba in the third quarter of the fiscal year 2078/79 to Rs 2.61 arba in the third quarter of the fiscal year 2079/80.
In the same quarter, the bank has Rs 2.56 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders.
The bank’s deposit rises by 14.61% to Rs 1.07 Kharba whereas loans and advances have also increased by 1.10% to Rs 80.07 arba till the third quarter.
The net interest income (core business income) of the bank has also increased by 78.36% to Rs 4.40 arba from Rs 2.47 arba of the corresponding quarter.
The report also shows the provision for possible losses amounting to Rs. 43.85 Crores for this quarter.
The bank’s paid up capital stands at Rs 9.42 arba with Rs 9.82 arba as its reserve and surplus.
In the third quarter, the EPS of the bank stands at Rs 36.91. The net worth per share stands at Rs 204.18 and qtr end PE ratio stands at 14.20 times.
Major Highlights:
| Particulars (In Rs '000) | Standard Chartered Bank Limited | ||
|---|---|---|---|
| Q3 2079/80 | Q3 2078/79 | Difference | |
| Paid Up Capital | 9,429,454.00 | 9,429,454.00 | 0.00% |
| Share Premium | |||
| Retained Earnings | 2,565,997.00 | 2,197,903.00 | 16.75% |
| Reserves | 7,257,978.00 | 6,507,745.00 | 11.53% |
| Deposits | 107,412,436.00 | 93,721,916.00 | 14.61% |
| Loans & Advances | 80,072,184.00 | 79,197,404.00 | 1.10% |
| Net Interest Income | 4,407,274.00 | 2,471,065.00 | 78.36% |
| Personnel Expenses | 1,134,756.00 | 910,463.00 | 24.64% |
| Provision for Possible Losses | 438,575.00 | ||
| Write Back | 38,305.00 | ||
| Operating Profit | 3,738,066.00 | 2,326,820.00 | 60.65% |
| Net Profit | 2,610,087.00 | 1,628,774.00 | 60.25% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,565,997.00 | 1,807,215.00 | 41.99% |
| Capital Adequacy (%) | 16.63 | 15.90 | 4.59% |
| Cost of Fund (%) | 7.24 | 5.62 | 28.83% |
| EPS (In Rs.) | 36.91 | 23.03 | 60.25% |
| Net Worth per Share (In Rs.) | 204.18 | 192.32 | 6.17% |
| Qtr end PE Ratio (times) | 14.20 | ||
| Qtr End Market Price | 524 | - | - |
