Citizens Bank becomes the first bank to publish Q3 report; earns Rs 1.06 arba with Rs 66 crore as distributable profit
Sat, Apr 20, 2019 7:32 AM on Financial Analysis, Stock Market,
Citizens Bank International Limited (CZBIL) has published its third quarter report for the FY 2075/76 with meager 5.91% growth in net profit.
The bank’s profit has increased from Rs 1 arba in the third quarter of the fiscal year 2074/75 to Rs 1.06 arba in the third quarter of the fiscal year 2075/76. In the same quarter, the bank has Rs 66.05 crore as distributable profit after PL Appropriation and Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has growth rate of 8.61% to Rs 65.92 arba and loans and advances have also increased by 9.75% to Rs 61.02 arba in the third quarter. The net interest income of the bank has also increased to Rs 2.08 arba from Rs 1.46 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.37 arba with Rs 3.66 arba as its reserve.
The Non-Performing Loan (NPL) has also slightly increased to 1.46% from 1.43%.
In the third quarter, the EPS of the bank stands at Rs 17.04. The net worth per share stands at Rs 143.84 and PE ratio stands at 13.09 times.
Major Highlights:
|
Particulars (In Rs '000) |
Citizens Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital |
8,371,065 |
8,033,236 |
4.21% |
|
Reserve & Surplus |
3,669,657 |
2,980,675 |
23.11% |
|
Deposits |
65,920,925 |
60,696,027 |
8.61% |
|
Loans & Advances |
61,025,291 |
55,601,767 |
9.75% |
|
Net Interest Income |
2,087,245 |
1,466,724 |
42.31% |
|
Impairment Charge/(Reversal) |
-7,685 |
158,121 |
- |
|
Operating Profit |
1,491,405 |
1,433,731 |
4.02% |
|
Profit/(Loss) for the Year |
1,069,602 |
1,009,887 |
5.91% |
|
Total Comprehensive Income |
1,065,402 |
1,009,887 |
5.50% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
660,512 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.41 |
15.55 |
-13.76% |
|
NPL (%) |
1.46 |
1.43 |
2.10% |
|
CCD (as per NRB Directives) % |
78.48 |
78.41 |
0.09% |
|
Cost of Fund (%) |
8.54 |
8.35 |
2.28% |
|
Base Rate (%) |
10.58 |
11.15 |
-5.11% |
|
Annualized EPS (In Rs.) |
17.04 |
16.76 |
1.64% |
|
Net Worth per Share (In Rs.) |
143.84 |
137.10 |
4.91% |
|
PE Ratio |
13.09 |
- |
- |
