Citizens Bank's Q2 report: net profit rises by 27.26% with annualized EPS of Rs 17.83, PE stands at 16.55 times with NPL of 2.42%
Thu, Jan 21, 2021 7:52 AM on Financial Analysis, Company Analysis, Latest,
Citizens Bank International Limited (CZBIL) has published its second-quarter report for the FY 2077/78 with a rise in net profit by 27.26%.
The bank’s profit has increased from Rs 68.77 crore in the second quarter of the fiscal year 2076/77 to Rs 87.51 crore in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 84.80 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 18.85% (compared to the immediate previous year ending) to Rs 1.05 kharba and loans and advances to customers have increased by 11.27% (compared to the immediate previous year ending) to Rs 87.87 arba in the second quarter. The net interest income of the bank has increased by 12.39% to Rs 1.61 arba from Rs 1.43 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 9.81 arba with Rs 4.31 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 2.42% from 0.99%.
In the second quarter, the annualized EPS of the bank stands at Rs 17.83. The net worth per share stands at Rs 143.95 and the qtr end PE ratio stands at 16.55 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Citizens Bank |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
9,817,003 |
9,089,817 |
8.00% |
|
Share Premium* |
0 |
4,124 |
|
|
Retained Earnings* |
876,778 |
931,157 |
-5.84% |
|
Reserves* |
3,438,072 |
3,392,622 |
1.34% |
|
Deposits from Customers* |
105,178,567 |
88,496,228 |
18.85% |
|
Loans & Advances to customers* |
87,875,854 |
78,976,395 |
11.27% |
|
Net Interest Income |
1,616,164 |
1,438,000 |
12.39% |
|
Impairment Charge/(Reversal) |
167,176 |
66,052 |
0.00% |
|
Personnel Expenses |
559,548 |
513,088 |
9.05% |
|
Operating Profit |
1,162,091 |
955,979 |
21.56% |
|
Non-Operating Income |
113,947 |
26,451 |
330.79% |
|
Profit/(Loss) for the Year |
875,194 |
687,701 |
27.26% |
|
Total Comprehensive Income |
984,372 |
678,776 |
45.02% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
848,043 |
|
|
|
Capital Adequacy Ratio (CAR) |
13.69 |
12.78 |
7.12% |
|
NPL |
2.42 |
0.99 |
144.44% |
|
CCD (as per NRB Directives) |
72.91 |
77.58 |
-6.02% |
|
Cost of Fund (%) |
6.38 |
7.94 |
-19.65% |
|
Interest Rate Spread (%) |
4.08 |
4.58 |
-10.92% |
|
Base Rate (%) |
8.25 |
10.35 |
-20.29% |
|
Annualized EPS (In Rs.) |
17.83 |
15.13 |
17.84% |
|
Net Worth per Share (In Rs.) |
143.95 |
147.61 |
-2.48% |
|
Qtr End PE Ratio (times) |
16.55 |
- |
- |
|
Qtr End Market Price |
295 |
- |
- |
