DCB Bank Q3 Review: Treasury Gains Aid Profit, Credit Trends Contained: Dolat Capital
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Dolat Capital Report
DCB Bank Ltd. reported net interest income and pre-provision operating profit growth at 4% and 46% YoY, respectively. Superior operating profits was mainly owing to elevated treasury gains during the quarter, aiding profits.
Pro forma gross non-performing assets increased to 3.7% from 2.4% in the previous quarter. However, with over half of pro-forma slippages of Rs 4.5 billion since August 31 coming from potential restructured pool of Rs 1.6 billion and gold loans of Rs 0.6 billion, credit trends were better than anticipated.
The bank has provided approximately 25% against its pro forma NPAs.
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