Citizens Bank profit increased by 2.02% in Q3; distributable profit decline by 37.78% to Rs 41.09 crore
Tue, Apr 28, 2020 11:44 AM on Financial Analysis, NEPSE News, Stock Market, Latest,
Citizens Bank International Limited (CZBIL) has published its third quarter report for the FY 2076/77 with rise in net profit by 2.02%. The bank’s profit has increased from Rs 1.06 arba in the third quarter of the fiscal year 2075/76 to Rs 1.09 arba in the third quarter of the fiscal year 2076/77.
In the same quarter, the bank has Rs 41.09 crore as distributable profit after PL Appropriation and Regulatory Adjustments whereas distributable profit stands at Rs 66.05 crore in the corresponding quarter. This will lower dividend distribution capacity of the bank this fiscal year.
The bank’s deposit from customers has growth rate of 10.39% (compared to immediate previous year ending) to Rs 77.83 arba and loans and advances to customers have increased by 19.24% (compared to immediate previous year ending) to Rs 69.09 arba in the third quarter. The net interest income of the bank has increased by 7.55% to Rs 2.24 arba from Rs 2.08 arba of the corresponding quarter.
The bank’s paid up capital stands at Rs 8.60 arba with Rs 3.94 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has decreased to 0.97% from 1.58%. In the third quarter, the annualized EPS of the bank stands at Rs 16.87. The net worth per share stands at Rs 145.77 and qtr end PE ratio stands at 10.67 times.
Major Highlights:
* 2075/76 figure are of Immediate Previous Year Ending.
|
Particulars (In Rs '000) |
Citizens Bank |
||
|---|---|---|---|
|
Q3 2076/77 |
Q3 2075/76 |
Difference |
|
|
Share Capital* |
8,622,197 |
8,371,065 |
3.00% |
|
Share Premium* |
|
46,816 |
|
|
Retained Earnings* |
453,390 |
1,251,267 |
-63.77% |
|
Reserves* |
3,493,368 |
2,825,478 |
23.64% |
|
Deposits from Customers* |
77,836,513 |
70,509,085 |
10.39% |
|
Loans & Advances to customers* |
75,014,268 |
62,911,970 |
19.24% |
|
Net Interest Income |
2,244,813 |
2,087,245 |
7.55% |
|
Fee and Commission Income |
448,180 |
397,849 |
12.65% |
|
Impairment Charge/(Reversal) |
104,756 |
7,685 |
- |
|
Personnel Expenses |
787,357 |
681,217 |
15.58% |
|
Operating Profit |
1,523,147 |
1,491,405 |
2.13% |
|
Profit/(Loss) for the Year |
1,091,245 |
1,069,602 |
2.02% |
|
Total Comprehensive Income |
1,078,855 |
1,065,402 |
1.26% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
410,966 |
660,512 |
-37.78% |
|
Capital Adequacy Ratio (CAR) |
14.21 |
13.41 |
5.97% |
|
NPL |
0.97 |
1.58 |
-38.61% |
|
CCD (as per NRB Directives) |
78.78 |
78.48 |
0.38% |
|
Cost of Fund (%) |
7.89 |
8.54 |
-7.61% |
|
Base Rate (%) |
9.88 |
10.58 |
-6.62% |
|
Annualized EPS (In Rs.) |
16.87 |
17.04 |
-0.95% |
|
Net Worth per Share (In Rs.) |
145.77 |
149.26 |
-2.34% |
|
Qtr End PE Ratio (times) |
10.67 |
- |
- |
|
Qtr End Market Price |
180 |
- |
- |
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