Standard Chartered Bank (SCB) has published its financial statements for the third quarter of the current fiscal year. As per the details, most of the indicators including the bank’s net profit and earnings per share have improved.
The bank has earned a net profit of Rs 1.80 Arab as of third quarter of the current fiscal year. This is an increase of Rs 6.81 Crore over the same period last year. The bank had earned a net profit of Rs 1.73 Arab in the corresponding period last year.
Net interest income and operating profit improved while net profit increased.
Along with net profit, the bank’s earnings per share (EPS) has also improved. Such income of the bank, which was Rs 28.87 in the third quarter of last year, has increased to Rs 30 in the same period of the current fiscal year. Such increase in net income is due to an increase in net profit and stable paid-up capital. The price-to-earnings (PE) ratio of the bank stood at 19.67 times and the net worth per share stood at Rs 185.78.
The bank has managed to earn net interest income of Rs 2.79 Arab by the third quarter of the current fiscal year which is Rs. 23.87 Crore more than the same period last year. The bank’s operating profit increased by Rs 9.73 Crore to Rs 2.57 Arab during the review period. The bank’s other operating profit declined significantly during the review period.
The paid-up capital of the bank is Rs. 8.1 Arab. The bank has deposited Rs 5.13 Arab in the reserve fund and Rs 1.73 Arab in the shareholders’ fund in the third quarter. The bank’s non-performing loans increased modestly to 0.22 percent during the review period.