Standard Chartered Bank Limited Reports Impressive Growth In Major Indicators In Q3
Wed, Apr 20, 2022 6:00 AM on Company Analysis, Latest,
Standard Chartered Bank Limited (SCB) has published its third-quarter report for the FY 2078/2079 with an increment in Net Profit by 37.61%. The bank's net profit has increased from Rs. 1.18 Arba in the third quarter of FY 2077/2078 to Rs. 1.62 Arba in the third quarter of FY 2078/2079.
In the same quarter, the bank has Rs 1.16 Arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers increased by 14.75% to Rs. 1.00 Khrba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 25.92% to Rs. 78.58 Arba (compared to the immediate previous year ending) till the third quarter. The bank's Net Interest Income (core business income) has increased by 34.83% to Rs. 2.47 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 9.42 Arba with Rs. 8.09 Arba in Reserve and surplus. The Non-performing loan (NPL) stood at 0.36%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 23.03 and Net worth per share stood at Rs. 185.86. The company traded at a P/E multiple of 19.70 times.
Major Highlights:
|
Particulars |
Standard Chartered Bank Limited |
||
|---|---|---|---|
|
Q3, 2078/2079 |
Q3, 2077/2078 |
Difference |
|
|
Share Capital |
9,429,454.00 |
8,572,231.00 |
10.00% |
|
Retained earnings |
2,270,158.00 |
1,776,753.00 |
27.77% |
|
Reserves and Surplus |
5,826,414.00 |
5,873,134.00 |
-0.80% |
|
Loans and Advances |
78,585,961.00 |
62,408,699.00 |
25.92% |
|
Deposit from Customers |
100,482,905.00 |
87,564,220.00 |
14.75% |
|
Net Interest Income |
2,471,065.00 |
1,832,750.00 |
34.83% |
|
Impairment charge/(Reversal) for loans |
-38,305.00 |
-54,076.00 |
- |
|
Operating Profit |
2,332,880.00 |
1,696,185.00 |
37.54% |
|
Net Profit |
1,628,774.00 |
1,183,620.00 |
37.61% |
|
Capital Adequacy Ratio (CAR) |
15.90% |
17.86% |
- |
|
Non-performing Loan (%) |
0.36% |
0.50% |
- |
|
Cost of Funds (%) |
5.62% |
3.45% |
- |
|
Base Rate (%) |
7.55% |
5.33% |
- |
|
CD Ratio (as per NRB Directives) |
82.69% |
74.65% |
- |
|
Annualized EPS (Rs.) |
23.03 |
18.41 |
- |
|
Net Worth per share (Rs.) |
185.86 |
189.24 |
- |
|
Price to Earnings (Times) |
19.70 |
- |
- |
|
Price to Book (Times) |
2.44 |
- |
- |
