KATHMANDU, JULY 27
The Standard Chartered Bank Nepal Limited (SCB) has reported an impressive growth of 62.27 per cent in net profit in quarter four of the fiscal year 2078/79.
During the fourth quarter of the fiscal year 2077/78, the bank had registered a surplus of Rs 1.39 billion which has increased in FY 2078/79 to Rs 2.26 billion.
Following Regulatory Adjustments and PL appropriations, the bank has Rs 1.59 billions as distributable profit in the same quarter, which can be utilized in distributing dividends to its shareholders.
The net interest income -- the core bussiness income of the banking sector -- of the bank has also increased by 44.86 per cent and stands at to Rs 3.75 billion compared to the corresponding quarter of FY 2077/78.
Meanwhile, the deposited amount in the bank has risen by 7.03 per cent to Rs 93.72 billion. The loans and advances too have reported an increase of 26.86 per cent to Rs 79.17 billion till the fourth quarter.
As of the fourth quarter, earning per share (EPS) of the bank stands at Rs 24.07. The net worth per share stands at Rs 192 and the quarter end PE ration of the bank's shares is 16.46 times.
