Financial Performance
Standard Chartered Bank Limited has released its unaudited financial results for the first half of the fiscal year 2082/83. The report shows that the bank’s net profit fell by 16.29%, reaching Rs. 1.37 billion, compared to Rs. 1.64 billion during the same period last year. The decline was primarily driven by a drop in net interest income and an increase in impairment charges.
As of the second quarter, the bank’s net interest income decreased by 9.13%, totaling Rs. 1.97 billion, while total operating income fell by 2.85% to Rs. 3.13 billion. Operating profit declined by 16.21%, amounting to Rs. 1.97 billion, despite a rise in fees and commission income by 11.54% to Rs. 775.7 million.
Asset Quality and Impairment
The bank’s impairment charges increased from a negative Rs. 25.07 million last year to Rs. 46.3 million, and the non-performing loan (NPL) ratio rose by 0.17 percentage points, reaching 1.88%.
Deposits and Loans
During the review period, the bank collected deposits of Rs. 137.43 billion and disbursed loans of Rs. 68.54 billion, resulting in a loan-to-deposit ratio (CD ratio) of 59.99%. The base rate stood at 4.76%, and distributable profit was Rs. 912.55 million, translating to distributable earnings per share (EPS) of Rs. 18.17.
Capital and Shareholder Metrics
The bank’s paid-up capital is Rs. 10.04 billion, with a reserve fund of Rs. 11.14 billion. EPS decreased by Rs. 5.32 to Rs. 27.35 per share, net worth per share stood at Rs. 211, and the price-to-earnings (P/E) ratio is 23.10x.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
