Standard Chartered Bank Nepal Reports 4.51% Decline in Net Profit and 13.46% Drop in Core Revenue for Q4 FY 2080/81
Sun, Aug 4, 2024 8:24 AM on Financial Analysis, Company Analysis, Latest,
Standard Chartered Bank Nepal Limited (SCB) has released its financial report for the fourth quarter of the fiscal year 2080/81, revealing a 4.51% decline in net profit, amounting to Rs 3.3 Arba.
As of the end of this fiscal period, the bank's total paid-up capital stands at Rs 9.42 Arba, with reserves of Rs 8.63 Arba and retained earnings of Rs 2.49 Crores. The bank's total deposits decreased to Rs 1.12 Kharba, while loans and advances to customers reached Rs 81.14 Arba.
Net Interest Income experienced a decrease of 13.46%, settling at Rs 5.15 Arba. The bank's personnel expenses amounted to Rs 1.58 Arba, and impairment charges saw a significant reduction of 63.88%, standing at Rs 21.61 Crores.
Key financial metrics indicate an annualized Earnings Per Share (EPS) of Rs 35.09 and a net worth per share of Rs 218.04 for the fourth quarter. However, the bank faced an increase in Non-Performing Loans (NPL) to 2.14%. Additionally, the bank disclosed a distributable profit of Rs 2.49 Arba.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Standard Chartered Bank Nepal | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 9,429,454.00 | 9,429,454.00* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 2,499,167.00 | 2,710,556.00* | -7.80% |
| Reserves | 8,631,045.00 | 8,002,681.00* | 7.85% |
| Deposits | 112,483,887.00 | 117,500,977.00* | -4.27% |
| Loans & Advances | 81,142,342.00 | 77,831,303.00* | 4.25% |
| Net Interest Income | 5,154,494.00 | 5,956,025.00 | -13.46% |
| Personnel Expenses | 1,586,605.00 | 1,542,790.00 | 2.84% |
| Impairment Charges | 216,114.00 | 598,246.00 | -63.88% |
| Operating Profit | 4,746,506.00 | 4,971,708.00 | -4.53% |
| Net Profit | 3,308,954.00 | 3,465,330.00 | -4.51% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,499,167.00 | 2,710,556.00 | -7.80% |
| Capital Adequacy (%) | 17.16 | 17.09 | 0.41% |
| NPL (%) | 2.14 | 1.18 | 81.36% |
| Cost of Fund (%) | 3.84 | 6.91 | -44.43% |
| EPS (In Rs.) | 35.09 | 36.75 | -4.51% |
| Net Worth per Share (In Rs.) | 218.04 | 213.61 | 2.07% |
| Qtr end PE Ratio (times) | 17.16 | ||
| Qtr End Market Price | 602 | - | |
