Civil Bank discloses its 3rd quarter unaudited financials: net profit rises by 39.39% with massive growth in deposits and loan portfolios
Thu, Apr 22, 2021 4:59 AM on Financial Analysis, Latest,
Civil Bank Limited (CBL) has published its third-quarter report for the FY 2077/78 with a rise in net profit by 39.39%.
The bank’s profit has increased from Rs 36.05 crore in the third quarter of the fiscal year 2076/77 to Rs 50.25 crore in the third quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 30.77 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers have a growth rate of 48.24% (compared to the immediate previous year ending) to Rs 85.25 arba and loans and advances to customers have increased by 48.20% (compared to the immediate previous year ending) to Rs 77.36 arba in the third quarter.
The net interest income of the bank has decreased by 9.87% to Rs 1.54 arba from Rs 1.70 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 8.64 arba with Rs 2.02 arba as its reserve and surplus.
The bank has demonstrated a massive decline in the rate of NPL that currently stands at 1.13% which previously was 2.96%.
The annualized EPS of the bank stands at Rs 7.75. The net worth per share stands at Rs 123.38. The company traded at a P/E ratio of 30.70 times.
Financial Highlights:
* Previous Year ending
| Particulars (In Rs '000") | Civil Bank | ||
|---|---|---|---|
| Q3 2077/78 | Q3 2076/77 | Difference | |
| Share Capital* | 8,643,661 | 8,003,390 | 8.00% |
| Share Premium* | 0 | 0 | |
| Retained Earnings* | 529,219 | 722,999 | -26.80% |
| Reserves* | 1,491,838 | 1,443,614 | 3.34% |
| Deposits from Customers* | 85,254,082 | 57,512,407 | 48.24% |
| Loans & Advances to customers* | 77,364,340 | 52,204,257 | 48.20% |
| Net Interest Income | 1,540,386 | 1,708,980 | -9.87% |
| Impairment Charge/(Reversal) | 177,331 | 310,169 | 0.00% |
| Personnel Expenses | 765,391 | 767,630 | -0.29% |
| Operating Profit | 681,060 | 538,712 | 26.42% |
| Non_Operating Income | 29,721 | 0 | #DIV/0! |
| Profit/(Loss) for the Year | 502,555 | 360,533 | 39.39% |
| Total Comprehensive Income | 534,352 | 360,232 | 48.34% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 307,795 | ||
| Capital Adequacy Ratio (CAR) | 11.43 | 14.75 | -22.51% |
| NPL | 1.13 | 2.96 | -61.82% |
| CCD (as per NRB Directives) | 80.3 | 77.7 | 3.35% |
| Cost of Fund (%) | 6.61 | 8.15 | -18.90% |
| Interest Rate Spread (%) | 3.38 | 4.09 | -17.36% |
| Base Rate (%) | 7.82 | 10.92 | -28.39% |
| Annualized EPS (In Rs.) | 7.75 | 6.01 | 29.07% |
| Net Worth per Share (In Rs.) | 123.38 | 127.07 | -2.90% |
| Qtr End PE Ratio (times) | 30.70 | - | - |
| Qtr End Market Price | 238 | - | - |
