Citizens Bank reports 45.33 % rise in Q4, earned Rs 72.38 crore; impact of earthquake not seen
Wed, Jul 22, 2015 12:00 AM on Others,
ShareSansar, July 22:
Investors had a belief that the impact of the massive earthquake of Baishak 12, 2072 will be seen in the company’s fourth quarter report of the fiscal year 2071/72.
However, Citizens Bank International Limited (CZBIL) has reported 45.33 percent rise in profit for the fourth quarter of the fiscal year 2071/72, impact of earthquake not seen in the financial report.
The bank’s net profit rose to Rs 72.38 crore in the fourth quarter of fiscal year 2071/72, up from Rs 49.80 crore reported in the same quarter of the fiscal year 2070/71. The bank has posted an operating profit of Rs 81.32 crore.
According to an unaudited report published on Shrawan 6, Citizens Bank mobilized Rs 35.78 arba in deposit by the end of fourth quarter and extended a total of Rs 29.20 arba in loans.
In the previous quarter of fiscal year 2071/72, the bank deposits stood at Rs 40.67 arba and loan and advances at 28.74 arba.
Its non-performing loans (NPL) stood at 1.53 percent, an improvement from the corresponding period of fiscal year 2070/71 when the NPL was at 3.40 percent.
The bank reported a CD ratio of 74.74 percent.
While its EPS stands at Rs 28.34, its net worth per share is valued at Rs 147.60.
Rs. In "000" |
||||
4th Qtr. FY 2071/72 |
4th Qtr. FY 2070/71 |
Growth (%) |
||
Paid-up Capital (Rs.) |
2,554,362.00 |
2,375,079.00 |
7.55% |
|
Reserve (Rs.) |
1,215,990.00 |
377,735.00 |
221.92% |
|
Deposits (Rs.) |
35,782,131.00 |
27,963,455.00 |
27.96% |
|
Loans and Adv. (Rs.) |
29,200,383.00 |
23,173,657.00 |
26.01% |
|
Net Interest Income (Rs.) |
1,268,743.00 |
1,073,127.00 |
18.23% |
|
Provision for Possible Losses (Rs.) |
214,286.00 |
5,605,524.00 |
- |
|
Operating Profit (Rs.) |
813,254.00 |
414,925.00 |
96.00% |
|
Write Back (Rs.) |
237,399.00 |
316,124.00 |
- |
|
Net Profit (Rs.) |
723,890.00 |
498,093.00 |
45.33% |
|
Capital Adequacy Ratio (%) |
13.45 |
12.99 |
3.54% |
|
Non-Performing Loan (%) |
1.53 |
3.40 |
- |
|
Cost of Funds (as per NRB) (%) |
5.00 |
5.24 |
- |
|
Base Rate (%) |
7.30 |
8.16 |
- |
|
Interest Spread (%) |
4.13 |
4.99 |
- |
|
Earning Per Share (Rs.) |
28.34 |
20.97 |
35.15% |
|
P/E Ratio (Times) |
17.26 |
- |
- |
|
Net Worth per Share (Rs.) |
147.60 |
- |
- |
|
