Prime Commercial Bank Reports 14.72% Rise in Net Profit to Rs. 4.02 Arba in Q4 FY 2081/82; Impairment Charges Down By 13.27%
Summary
Prime Commercial Bank Limited reported a 14.72% rise in net profit to Rs. 4.02 Arba in Q4 FY 2081/82, with a 24.72% increase in deposits and a 16.26% growth in loans and advances.
Key Points
- Prime Commercial Bank's net profit increased by 14.72% to Rs. 4.02 Arba in Q4 FY 2081/82 compared to the previous year.
- Deposits grew by 24.72% to Rs. 2.63 Kharba, and loans and advances increased by 16.26% to Rs. 2.10 Kharba.
- Net interest income rose by 11.92% to Rs. 8.82 Arba, and operating profit improved by 23.44% to Rs. 6.55 Arba.
- Impairment charges decreased by 13.27%, while the Non-Performing Loan (NPL) ratio increased to 5.56% from 4.65%.
