Prime Commercial Bank Sees 5.62% Decline in Q1 Net Profit, Annualized EPS at Rs 22.67, Distributable Profit at Rs 2.05 Arba
Summary
Prime Commercial Bank posted a 5.62% decline in first-quarter net profit to Rs 1.18 Arba in FY 2083/84. Its annualized EPS fell to Rs 22.67, while distributable profit stood at Rs 2.05 Arba.
Key Points
- Prime Commercial Bank Limited reported first-quarter net profit of Rs 1.18 Arba, down 5.62% from the same period last year.
- Annualized EPS slipped to Rs 22.67, while net worth per share rose to Rs 180.90.
- Deposits fell slightly, loans and advances increased, and net interest income grew by 8.24%.
- The bank's NPL ratio increased to 7.15% and operating profit declined by 5.48%.
