Citizens Bank reports profit growth of 49.52% in Q2; EPS stand at Rs 27.31

Citizens Bank International Limited (CZBIL) has reported 49.52 percent rise in profit for the second quarter of the fiscal year 2072/73. As per the unaudited report for the first quarter published today, the bank’s net profit rose to Rs 41.84 crore in the second quarter of fiscal year 2072/73, up from Rs 27.98 crore reported in the same quarter of the fiscal year 2071/72. In the second quarter Citizen’s net interest income has risen to Rs 71.61 crore, up from Rs 61.55 crore in the corresponding quarter. The bank has mobilized Rs 40.03 arba in deposits and disbursed Rs 33.55 arba in loans as compared to Rs 30.91 arba in deposits and Rs 26.55 arba in loans in the corresponding quarter last year. The commercial bank CD ratio stands at 76.92% and non-performing loan (NPL) is at 2.43% in Q2. The bank’s paid up capital remains at Rs 3.06 arba. Its Earning per Share (EPS) stands at Rs 27.31, net worth per share is at Rs 135.66 and P/E ratio at 21.86 times.