Civil Bank earning accelerates by 46.34% to Rs 33.66 crore in Q4; NPL at 2.70%

Civil Bank Limited (CBL) has registered profit rise of 46.34 percent in the fourth quarter (Q4) of the last fiscal year 2072/73. Publishing the unaudited financial report for the fourth quarter today, the net profit of the company rose to Rs 33.66 crore in Q4 up from Rs 23 crore in the corresponding quarter of the previous fiscal year 2071/72. The commercial bank has stated that its operating profit has surged to Rs 27.17 crore in Q4, up from Rs 19.03 in the corresponding quarter of the last fiscal year. Civil Bank has a paid up capital of Rs 3.08 arba with reserve of Rs 53.27 crore. Its net interest income has risen to Rs 1.02 arba in Q4 up from Rs 85.07 arba in the corresponding quarter. The bank has also collected Rs 31.56 arba in deposits and disbursed Rs 25.70 arba in loans as compared to Rs 26.65 arba in deposits and Rs 22.53 arba in loans in the corresponding quarter last year. The commercial bank’s CD ratio stands at 75.78% and non-performing loan (NPL) is at 2.70% in Q4. Civil Bank earning per share (EPS) stands at Rs 10.75 , its net worth per share stands at Rs 117.31 while its P/E ratio at 23.72 times.