Catch up with the highlights from the Q2 report of Citizens Bank; EPS reaches Rs 18.40 with 22% increase in net profit
Fri, Jan 25, 2019 7:32 AM on Financial Analysis, Stock Market, Latest,
Citizens Bank International Limited (CZBIL) has posted a profit growth of 22.55 percent in the second quarter (Q2) of the fiscal year 2075/76.
As per the quarterly report published by the commercial bank today, the bank has earned net profit of Rs 77.03 crore in the second quarter of the fiscal year 2075/76 up from Rs 62.86 crore in the corresponding period of the previous fiscal year 2075/76.
The bank’s net interest income surged to Rs 1.49 arba in the Q2, from Rs 97.49 crore in the corresponding quarter of the previous fiscal year.
The paid up capital of the bank remains at Rs 8.37 arba. The bank’s reserve and surplus increased to Rs.3.37 arba in Q2 up from Rs 1.99 arba in the corresponding quarter. The bank has collected Rs. 65.12 arba in deposits in Q2 up from Rs 58.46 arba in the same quarter of fiscal year 2074/75.
Its loan and advances boosted to Rs 60.47 arba in the current fiscal year up from Rs 52.35 arba in the corresponding period of the previous fiscal year.
CZBIL non-performing loan has dropped from 1.94% in the corresponding period of the fiscal year 2074/75 to 1.62% in the second quarter of the fiscal year 2075/76.
Its Earning per Share (EPS) stood at Rs 18.40 and net worth per share is at Rs 140.18.
Major Highlights:
|
Particulars (In Rs '000) |
CZBIL |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
8,371,065 |
8,029,160 |
4.26% |
|
Reserve & Surplus |
3,372,358 |
1,996,853 |
68.88% |
|
Deposits |
65,124,261 |
58,464,929 |
11.39% |
|
Borrowings |
3,842,964 |
2,314,261 |
66.06% |
|
Loans & Advances |
60,474,435 |
52,357,324 |
15.50% |
|
Net Interest Income |
1,494,542 |
974,919 |
53.30% |
|
Operating Profit |
1,086,471 |
875,499 |
24.10% |
|
Net Profit |
770,346 |
628,600 |
22.55% |
|
Total Comprehensive Income afterShare of NCI |
768,141 |
628,600 |
22.20% |
|
Add/ Less: Regulatory adjustment as per NRB |
(110,650) |
- |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
659,696 |
628,600 |
4.95% |
|
NPL |
1.62 |
1.94 |
-16.49% |
|
Annualized EPS (In Rs.) |
18.40 |
15.66 |
17.54% |
|
Net Worth per Share (In Rs.) |
140.29 |
124.87 |
12.35% |
