Citizens Bank profit decline by 10.73% in Q2; earns Rs 68.77 crore with annualized EPS of Rs 15.95 and PE of 12.41 times

Mon, Jan 20, 2020 9:50 AM on Financial Analysis, Stock Market,

Citizens Bank International Limited (CZBIL) has published its second quarter report for the FY 2076/77 with decline in net profit by 10.73%.

The bank’s profit has decreased from Rs 77.03 crore in the second quarter of the fiscal year 2075/76 to Rs 68.77 crore in the second quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 62.10 crore as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s deposit from customers has growth rate of 7.21% to Rs 75.59 arba and loans and advances to customers have increased by 9.83% to Rs 69.09 arba in the second quarter. The net interest income of the bank has decreased by 3.78% to Rs 1.43 arba from Rs 1.49 arba of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.62 arba with Rs 3.54 arba as its reserve and surplus.

The Non-Performing Loan (NPL) has decreased to 0.99% from 1.62%.

In the second quarter, the annualized EPS of the bank stands at Rs 15.95. The net worth per share stands at Rs 141.13 and qtr end PE ratio stands at 12.41 times.

Click here for Q2 report:

Major Highlights:

 * 2075/76 figure are of Immediate Previous Year Ending.

 

Particulars (In Rs '000)

Citizens Bank International Limited

Q 2 2076/77

Q2 2075/76

Difference

Share Capital*

8,622,197

8,371,065

3.00%

Share Premium*

 

46,816

 

Retained Earnings*

663,483

1,251,267

-46.98%

Reserves*

2,883,195

2,825,478

2.04%

Deposits from Customers*

75,593,363

70,509,085

7.21%

Loans & Advances to customers*

69,098,125

62,911,970

9.83%

Net Interest Income

1,438,000

1,494,542

-3.78%

Impairment Charge/(Reversal)

-66,052

-6,194

-

Personnel Expenses

513,088

480,122

6.87%

Operating Profit

955,979

1,086,471

-12.01%

Profit/(Loss) for the Year

687,701

770,346

-10.73%

Total Comprehensive Income

678,776

768,141

-11.63%

Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments

621,059

-

-

Capital Adequacy Ratio (CAR)

12.78

13.58

-5.89%

NPL

0.99

1.62

-38.89%

CCD (as per NRB Directives)

77.58

78.86

-1.62%

Cost of Fund (%)

7.94

8.14

-2.46%

Base Rate (%)

10.35

10.79

-4.08%

Annualized EPS (In Rs.)

15.95

18.40

-13.33%

Net Worth per Share (In Rs.)

141.13

149.26

-5.44%

Qtr End PE Ratio (times)

12.41

-

-

Qtr End Market Price

198

-

-