Prime Commercial Bank has posted a hefty growth in profit for the FY 2069/70. It reported profit rise of 78.06% over last year.
The bank earned a profit of Rs 47.97 crore this year as against Rs 26.94 crore reported in the previous fiscal.
The bank’s nonperforming assets (NPA), however, rose by an alarming 193.42%, from 0.76% in the previous fiscal to 2.23 this year.
The bank’s deposits increased 20% to Rs 28.81 arba. Likewise, its loans and advances grew 12.24% to Rs 21.21 arba.
The bank’s EPS stands at Rs 20.5 and its net worth stands at RS 131.2.
Financial Highlights of Prime Commercial Bank Ltd.
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The bank earned a profit of Rs 47.97 crore this year as against Rs 26.94 crore reported in the previous fiscal.
The bank’s nonperforming assets (NPA), however, rose by an alarming 193.42%, from 0.76% in the previous fiscal to 2.23 this year.
The bank’s deposits increased 20% to Rs 28.81 arba. Likewise, its loans and advances grew 12.24% to Rs 21.21 arba.
The bank’s EPS stands at Rs 20.5 and its net worth stands at RS 131.2.
Financial Highlights of Prime Commercial Bank Ltd.
(Rs. In '000')
| Particulars | FY 2069/70 | FY 2068/69 | Growth (%) |
| Net Profit (Rs.) |
479790.11
|
269449.12
|
78.06%
|
| Operating Profit (Rs.) |
666694.16
|
409220.77
|
62.92%
|
| Provision (Rs.) |
268519.23
|
218382.09
|
22.96%
|
| Net Interest Income (Rs.) |
1041947.2
|
716430.03
|
45.44%
|
| Deposits (Rs.) |
28814138
|
23990953
|
20.10%
|
| Loans and Advances (Rs.) |
21215604
|
18902415
|
12.24%
|
| NPA (%) |
2.23
|
0.76
|
193.42%
|
| Cost of Funds (%) |
6.99
|
9.61
|
-27.26%
|
| EPS (Rs.) |
20.5
|
15.08
|
35.94%
|
| P/E Ratio |
15.8
|
15.72
|
0.51%
|
| Networth (Rs.) |
131.2
|
125.86
|
4.24%
|
| Fiscal Year End Price (Rs.) |
324
|
237
|
36.71%
|
