NCC Bank's half-year profit jumps 55%

National Credit and Commerce (NCC) Bank PLC reported a 55.22% year-on-year increase in the consolidated profit for the first half of 2025. 

The bank's consolidated earnings per share (EPS) stood at Tk1.04 during the period, up from Tk0.67 in the same period last year, according to its unaudited financial statement for the January–June quarter.

For the second quarter (April-June), the bank's EPS rose to Tk0.79, compared to Tk0.52 in the same quarter last year. As of 30 June 2025, the bank's consolidated net asset value per share (NAVPS) stood at Tk23.27.

But the bank did not mention the reason for the profit growth in its price sensitive statement.

For the financial year ended 31 December 2024, the bank declared a 13% cash dividend for its shareholders. The bank posted an EPS of Tk2.10 for 2024, slightly higher than Tk2.07 in the previous year.

Listed on the stock market since 2000, the bank has an authorised capital of Tk2,000 crore and paid-up capital of Tk1,110.42 crore and the market cap stood at Tk1,443.55 crore.

Its share price jumped by 1.56% to close at Tk13 on the Dhaka Stock Exchange (DSE) last Thursday.

Based on its unaudited report, the bank's price-to-earnings (P/E) ratio stands at 13. Considering the audited financial statements for 2024, the P/E ratio is 6.19. Typically, stocks with a P/E ratio above 40 are considered high-risk investments.

According to the shareholding report for June, sponsors and directors hold 35.01% shares in the bank, while institutional investors have 24.81%, foreign 0.04% and the public holds the remaining 40.14% shares in the bank.