Century Commercial Bank's profit declined by 28.24%

Jan Thu 2021 06:08:36

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Century Commercial Bank's profit declined by 28.24%

Kathmandu: The net profit of Century Commercial Bank has declined in the second quarter of the current fiscal year. Net profit decreased by 28.24% to Rs. 466.59 million during the review period. The bank had earned a profit of Rs 652.87 million in the corresponding period of the previous year. The decline in net interest income and operating profit of the bank has affected the profit.

By mid-December, net interest income has decreased by 20.12% to Rs. 1.22 billion. Similarly, operating profit decreased by 30.33% to Rs. 634.44 million. The bank's earnings per share fell by Rs 5.12 to Rs 10.33. Net worth per share is Rs 118.87.