Citizens Bank International profit rises by 20.61% to Rs 1.48 arba in Q4; expected dividend capacity is maximum 15%
Sun, Jul 21, 2019 8:33 AM on Financial Analysis,
Citizens Bank International Limited (CZBIL) has published fourth quarter report for FY 2075/76 with 20.61% growth in net profit.
The bank’s profit has increased from Rs 1.23 arba in the fourth quarter of the fiscal year 2074/75 to Rs 1.48 arba in the fourth quarter of the fiscal year 2075/76.
In the same quarter, the bank has Rs 1.11 arba as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means they have capacity to distribute 13% dividend from this year profit only.
The total distributable profit of the bank is Rs 1.31 arba including 14.84 crore in retained earnings of last year and Rs 4.68 crore in share premium. This means Citizens Bank can distribute maximum 15% (approx.) dividend if last year retained earnings and share premium is used.
The bank’s has deposit from customers of Rs 70.50 arba and loans and advances to customers stands at Rs 62.90 arba in till the fourth quarter. The net interest income of the bank has increased by 26.75% to Rs 2.81 arba from Rs 2.22 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.37 arba with Rs 4.09 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has also slightly decreased to 0.37% from 0.44%.
In the fourth quarter, the EPS of the bank stands at Rs 17.78. The net worth per share stands at Rs 148.87 and PE ratio stands at 12.59 times.
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q3 end paid up capital.
|
Particulars (In Rs '000) |
Citizens Bank |
||
|---|---|---|---|
|
Q3 2075/76 |
Q3 2074/75 |
Difference |
|
|
Paid Up Capital* |
8,371,065 |
8,033,236 |
4.21% |
|
Share Premium* |
46,816 |
434 |
|
|
Retained Earnings* |
1,267,880 |
132,229 |
858.85% |
|
Reserves* |
2,776,385 |
2,848,013 |
-2.52% |
|
Deposits* |
70,509,085 |
60,696,027 |
16.17% |
|
Loans & Advances* |
62,909,241 |
55,601,767 |
13.14% |
|
Net Interest Income |
2,816,445 |
2,222,068 |
26.75% |
|
Impairment Charge/(Reversal) |
130,408 |
-89,317 |
- |
|
Personnel Expenses |
989,605 |
784,058 |
26.22% |
|
Operating Profit |
2,112,900 |
1,685,627 |
25.35% |
|
Profit/(Loss) for the Year |
1,488,424 |
1,234,104 |
20.61% |
|
Total Comprehensive Income |
1,486,825 |
1,224,939 |
21.38% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,119,466 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
13.19 |
13.84 |
-4.70% |
|
NPL |
1.19 |
1.48 |
-19.59% |
|
CCD (as per NRB Directives) |
76.79 |
77.87 |
-1.39% |
|
Cost of Fund (%) |
8.58 |
8.45 |
1.54% |
|
Base Rate (%) |
10.52 |
11.78 |
-10.70% |
|
Annualized EPS (In Rs.) |
17.78 |
20.48 |
-13.19% |
|
Net Worth per Share (In Rs.) |
148.87 |
137.10 |
8.58% |
|
PE Ratio (times) |
12.59 |
- |
- |
