Kathmandu. Standard Chartered Bank has released its financial statements for the fourth quarter of the last fiscal year. The bank had posted a net profit of Rs 3.02 billion in the last fiscal year. The bank posted a net profit of Rs 245 million less than the previous fiscal year. In the previous fiscal year, the bank’s profit stood at Rs 3.27 billion.

The bank’s profit has been affected due to the decrease in income. The bank’s net interest income, net fee and commission income have decreased and the provisioning right back has been made for possible losses.

The bank has earned a net interest income of Rs 4.48 billion and net fee and commission income of Rs 1.36 billion in the fiscal year 2081/82 BS. On the other hand, the government has returned the loss of Rs 336.2 million i.e. provision right back.

In the previous fiscal year 2080/81, such income was Rs 5.03 billion and Rs 1.41 billion, respectively. The bank had added Rs 216.1 million in the previous fiscal year.

The bank has earned a net operating income of Rs 6.93 billion in the fiscal year 2081/82, including Net Trading Income of Rs 175 million and other operating income. In the last fiscal year, such income was Rs 7.01 billion.

The bank’s expenses have decreased slightly and non-operating expenses of Rs 12 million have been seen. Standard Chartered’s earnings per share have declined due to the decline in profits. The EPS has been fixed at Rs 30.17 as against Rs 34.73 at the end of July 2081.

On the other hand, the bank, which has returned Rs 38.1 million from the regulatory reserve after raising the outstanding interest, has not booked non-banking assets. Out of the profit of Rs 3.03 billion, the bank is likely to distribute Rs 1.93 billion as dividend.

However, after adjusting the retained earnings and dividends of Rs 2.46 billion till the last fiscal year, the distributable profit till Mid-July 2082 i.e. the accumulated profit was Rs 1.99 billion. Based on the paid-up capital of the bank at Rs 10.04 billion, the bank’s dividend capacity is 19.85 percent. In the previous fiscal year, the dividend was 26.11 percent.

As of Mid-July 2018, the bank’s non-performing loans have come down to 1.47 per cent. The bank’s base rate has come down to 4.99 per cent from 6.6 per cent and the interest rate spread has been reduced from 4 per cent to 3.53 per cent in the last one year.

Similarly, the primary capital ratio has also improved significantly from 13.67 per cent to 15.8 per cent, while the net worth per share is Rs 217 per share and pe ratio is 21.8 per cent.

The bank has mobilised deposits of Rs 125.34 billion and disbursed loans worth Rs 72.71 billion till Mid-June. In the last one year, the bank has increased deposits by Rs 13 billion and reduced loans by Rs 9 billion.