Citizens Bank posts profit growth of 29.39% in Q1; EPS stand at Rs 18.63

Citizens Bank International Limited (CZBIL) has reported 29.39 percent rise in profit for the first quarter of the fiscal year 2072/73. As per the unaudited report for the first quarter published today, the bank’s net profit rose to Rs 14.27 crore in the first quarter of fiscal year 2072/73, up from Rs 11.03 crore reported in the same quarter of the fiscal year 2071/72. The bank has posted an operating profit of Rs 11.44 crore. Citizens Bank mobilized Rs 36.94 arba in deposit in the first quarter and extended a total of Rs 31.88 arba in loans. In the previous quarter of fiscal year 2071/72, the bank deposits stood at Rs 29.60arba and loan and advances at 24.97arba. Its net interest income surged to Rs 30.77 crore in Q1 up from Rs 30.06 crore in the corresponding quarter. CZBIL non-performing loans (NPL) stood at 2.35 percent, its paid up capital remains at Rs 3.06 arba in Q1.The bank reported a CD ratio of 78.58 percent. While its Earning Per Share (EPS ) stands at Rs 18.63, net worth per share is valued at Rs 126.67 and P/E ratio at 29.36 times. Click Here For Announcement