Citizens Bank profit decline by 18.57% in Q1; earns Rs 34.19 crore with annualized EPS of Rs 16.20
Fri, Oct 25, 2019 10:40 AM on Financial Analysis, Stock Market, Latest,
Citizens Bank International Limited (CZBIL) has published its first quarter report for the FY 2076/77 with decline in net profit by 18.57%.
The bank’s profit has decreased from Rs 42.88 crore in the first quarter of the fiscal year 2075/76 to Rs 34.19 crore in the first quarter of the fiscal year 2076/77. In the same quarter, the bank has Rs 21.03 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has growth rate of meager 2.74% to Rs 72.43 arba and loans and advances to customers have increased by 7.38% to Rs 67.55 arba in the first quarter. The net interest income of the bank has decreased to Rs 70.83 crore from Rs 75.31 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.62 arba with Rs 3.20 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 0.98% from 1.23%.
In the first quarter, the annualized EPS of the bank stands at Rs 16.20. The net worth per share stands at Rs 137.18 and qtr end PE ratio stands at 11.98 times.
The bank AGM has approved 12% cash dividend worth Rs 1 arba 45 lakh 27 thousand 773 and 3% bonus shares worth Rs 25.11 crore to its shareholders for last FY 2075/76.
Click Here for Q1 Financial Report:
Major Highlights:
* Figure are of Immediate Previous Year Ending (Audited)
|
Particulars (In Rs '000) |
Citizens Bank |
||
|---|---|---|---|
|
Q 1 2076/77 |
Q1 2075/76 |
Difference |
|
|
Share Capital |
8,622,197 |
8,371,065* |
3.00% |
|
Share Premium |
- |
46,816* |
- |
|
Retained Earnings |
252,789 |
1,251,267* |
-79.80% |
|
Reserves |
2,952,862 |
2,825,478* |
4.51% |
|
Deposits from Customers |
72,439,177 |
70,509,085* |
2.74% |
|
Loans & Advances to customers |
67,554,182 |
62,911,970* |
7.38% |
|
Net Interest Income |
708,325 |
753,141 |
-5.95% |
|
Impairment Charge/(Reversal) |
-33,854 |
124,070 |
- |
|
Personnel Expenses |
248,621 |
244,920 |
1.51% |
|
Operating Profit |
489,214 |
605,930 |
-19.26% |
|
Profit/(Loss) for the Year |
349,169 |
428,812 |
-18.57% |
|
Total Comprehensive Income |
337,749 |
431,304 |
-21.69% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
210,365 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
12.66 |
15.66 |
-19.16% |
|
NPL |
0.98 |
1.23 |
-20.33% |
|
CCD (as per NRB Directives) |
78.41 |
79.62 |
-1.52% |
|
Cost of Fund (%) |
8.3 |
8.74 |
-5.03% |
|
Base Rate (%) |
10.75 |
11.47 |
-6.28% |
|
Annualized EPS (In Rs.) |
16.20 |
20.49 |
-20.94% |
|
Net Worth per Share (In Rs.) |
137.18 |
149.26 |
-8.09% |
|
Qtr End PE Ratio (times) |
11.98 |
- |
- |
|
Qtr End Market Price |
194 |
- | - |
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