Citizens Bank report growth in the net profit by 30.15% in the last quarter; EPS & Net Worth stand at Rs 17.53 & Rs 134.46 respectively
Sun, Jul 22, 2018 1:10 AM on Financial Analysis, Stock Market, Latest,
Citizens Bank International Limited (CZBIL) has posted a profit growth of 30.21 percent in the fourth quarter (Q4) of the fiscal year 2074/75.
As per the quarterly report published by the commercial bank today, the bank has earned net profit of Rs 1.40 arba in the last quarter of the fiscal year 2074/75 up from Rs 1.08 arba in the corresponding period of the previous fiscal year 2073/74.
The bank’s net interest income surged to Rs 2.08 arba in the Q4, from Rs 1.75 arba in the corresponding quarter of the previous fiscal year.
The paid up capital of the bank remains at Rs 8.03 arba. The bank’s reserve and surplus increased to Rs.2.76 arba in Q4 up from Rs 1.35 arba in the corresponding quarter. The bank has collected Rs. 61.48 arba in deposits in Q4 up from Rs 52.71 arba in the same quarter of fiscal year 2073/74.
Its loan and advances boosted to Rs 57.95 arba in the current fiscal year up from Rs 43.44 arba in the corresponding period of the previous fiscal year.
CZBIL non-performing loan has dropped from 2.02 % in the corresponding period of the fiscal year 2073/74 to 1.25% in fourth quarter of the fiscal year 2074/75.
Its Earning per Share (EPS) stood at Rs 17.53 and net worth per share is at Rs 134.46. The Return on Equity (ROE) of the bank stands at 13.95% while the Return on Assets (ROA) stands at 1.95% in the last quarter of the fiscal year 2074/75.
Major Highlights:
|
Particulars (In Rs '000) |
CZBIL |
||
|---|---|---|---|
|
Q4 2074/75 |
Q4 2073/74 |
Difference |
|
|
Paid Up Capital |
8,033,236 |
8,029,160 |
0.05% |
|
Reserve & Surplus |
2,768,093 |
1,359,527 |
103.61% |
|
Deposits |
61,481,316 |
52,718,581 |
16.62% |
|
Borrowings |
3,245,041 |
1,533,578 |
111.60% |
|
Loans & Advances |
57,954,996 |
43,441,987 |
33.41% |
|
Net Interest Income |
2,086,726 |
1,757,011 |
18.77% |
|
Provision for possible losses |
258,592 |
403,942 |
-35.98% |
|
Operating Profit |
1,697,542 |
1,036,303 |
63.81% |
|
Net Profit |
1,408,454 |
1,081,661 |
30.21% |
|
NPL (%) |
1.25 |
2.02 |
-38.12% |
|
Annualized EPS (In Rs.) |
17.53 |
13.47 |
30.15% |
|
Net Worth per Share (In Rs.) |
134.46 |
116.93 |
14.99% |
|
ROE (Annualised)% |
13.95 |
11.52 |
21.09% |
|
ROA (Annualised)% |
1.95 |
1.8 |
8.33% |
