Citizens Bank International Limited (CZBIL) has posted a modest profit growth of 19.71 percent in the third quarter (Q3) of the current fiscal year.
As per the quarterly report published by the commercial bank today, the bank has earned net profit of Rs 87.15 crore in the third quarter of the fiscal year 2073/74 up from Rs 72.80 crore in the corresponding period of the previous fiscal year 2072/73.
The bank’s net interest income surged to Rs 1.25 arba in the Q3, from Rs 1.16 arba in the corresponding quarter of the previous fiscal year.
The paid up capital of the bank remains at Rs 5.87 arba. The bank reserve and surplus increased to Rs.2.17 crore in Q3 up from Rs 1.40 crore in last quarter, rises by 55.01 percent.
The bank has collected Rs. 55.53 arba in deposits in Q3 up from Rs 44.37 arba in the same quarter of previous year. Its loan and advances boosted to Rs 47.79 arba in the current fiscal year up from Rs 37.84 arba in the corresponding period of the previous fiscal year.
CZBIL non-performing loan has dropped from 1.78 % in the corresponding period of the fiscal year 2072/73 to 1.55% in third quarter of the fiscal year 2073/74.
Its Earning per Share (EPS) stood at Rs 20.34, net worth per share is at Rs 145.42 and P/E ratio at 20.70.
The credit to deposit ratio (CD ratio) of the bank stands at 67.19 percent.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
5,876,440 |
3,065,234 |
91.71% |
| Reserve and Surplus |
2,172,379 |
1,401,365 |
55.02% |
| Deposits |
55,539,002 |
44,373,501 |
25.16% |
| Loans and Advances |
47,794,093 |
37,843,384 |
26.29% |
| Net Interest Income |
1,256,527 |
1,161,311 |
8.20% |
| Provision |
378,366 |
312,383 |
- |
| Write Back |
829,487 |
255,245 |
- |
| Operating Profit |
879,780 |
762,375 |
15.40% |
| Net Profit |
871,552 |
728,041 |
19.71% |
| Capital Adequacy Ratio |
13.83 |
11.85 |
- |
| NPL |
1.55 |
1.78 |
-12.92% |
| Base Rate |
|
|
- |
| Cost of Fund |
7.10 |
3.95 |
|
| CD Ratio (as per NRB) |
67.19 |
77.95 |
- |
| EPS (Annualized) |
20.34 |
|
|
| PE Ratio |
20.70 |
|
|
| Networth Per Share |
145.42 |
|
|
.png)
