Citizens Bank publish satisfactory Q1 report: net profit rises by 47.66% with annualized EPS of Rs 22.69, PE stands at 9.48 times
Sat, Oct 24, 2020 5:09 AM on Financial Analysis, Latest,
Citizens Bank International Limited (CZBIL) has published its first-quarter report for the FY 2077/78 with an outstanding rise in net profit by 47.66%.
The bank’s profit has increased from Rs 34.91 crore in the first quarter of the fiscal year 2076/77 to Rs 51.55 crore in the first quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 9.27 lakhs as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 10.67% (compared to the immediate previous year ending) to Rs 97.94 arba and loans and advances to customers have increased by 4.65% (compared to the immediate previous year ending) to Rs 82.64 arba in the first quarter. The net interest income of the bank has increased by 18.47% to Rs 83.91 crore from Rs 70.83 crore of the corresponding quarter.
The bank’s paid-up capital stands at Rs 9.08 arba with Rs 4.85 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 1.43% from 0.98%.
In the first quarter, the annualized EPS of the bank stands at Rs 22.69. The net worth per share stands at Rs 153.40 and the qtr end PE ratio stands at 9.48 times.
Citizens Bank International announces 11% dividend for FY 2076/77; How much in bonus shares?
Major Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Citizens Bank |
||
|---|---|---|---|
|
Q1 2077/78 |
Q1 2076/77 |
Difference |
|
|
Share Capital* |
9,089,817 |
9,089,817 |
0.00% |
|
Share Premium* |
4,124 |
4,124 |
|
|
Retained Earnings* |
943,723 |
931,157 |
1.35% |
|
Reserves* |
3,905,998 |
3,392,622 |
15.13% |
|
Deposits from Customers* |
97,940,622 |
88,496,228 |
10.67% |
|
Loans & Advances to customers* |
82,648,624 |
78,976,395 |
4.65% |
|
Net Interest Income |
839,173 |
708,325 |
18.47% |
|
Fee and Commission Income |
179,786 |
155,913 |
15.31% |
|
Impairment Charge/(Reversal) |
-25,156 |
33,854 |
- |
|
Personnel Expenses |
289,336 |
248,621 |
16.38% |
|
Operating Profit |
733,076 |
489,214 |
49.85% |
|
Profit/(Loss) for the Year |
515,591 |
349,169 |
47.66% |
|
Total Comprehensive Income |
525,943 |
337,749 |
55.72% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
9,274 |
|
|
|
Capital Adequacy Ratio (CAR) |
14.38 |
12.66 |
13.59% |
|
NPL |
1.43 |
0.98 |
45.92% |
|
CCD (as per NRB Directives) |
73.5 |
78.41 |
-6.26% |
|
Cost of Fund (%) |
6.79 |
8.3 |
-18.19% |
|
Base Rate (%) |
8.81 |
10.75 |
-18.05% |
|
Annualized EPS (In Rs.) |
22.69 |
15.37 |
47.66% |
|
Net Worth per Share (In Rs.) |
153.40 |
147.61 |
3.92% |
|
Qtr End PE Ratio (times) |
9.48 |
- |
- |
|
Qtr End Market Price |
215 |
- |
- |
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