Prime Commercial Bank Reports 28.49% Rise in Net Profit to Rs. 4.11 Arba in Q4 FY 2082/83; Impairment Charges Down 36.06%
Summary
Prime Commercial Bank reported a 28.49% rise in net profit to Rs. 4.11 Arba in the fourth quarter of FY 2082/83, supported by higher income and lower impairment charges. Deposits, loans and advances, and operating profit all increased, though the bank’s NPL ratio also edged up to 6.69%.
Key Points
- Prime Commercial Bank’s net profit rose 28.49% year-on-year to Rs. 4.11 Arba in Q4 FY 2082/83.
- Operating profit increased 26.94% and impairment charges fell 36.06%, helping lift earnings.
- Deposits grew 5.46% and loans and advances rose 8.29%, while net interest income climbed 3.30%.
- The bank’s NPL ratio increased to 6.69% even as its capital adequacy ratio improved to 12.87%.
