Civil Bank earns Rs 76.04 crore with EPS of Rs 9.50 in Q4; has 7% dividend distribution capacity
Sun, Aug 18, 2019 6:53 AM on Financial Analysis, Stock Market, Latest,
Civil Bank Limited (CBL) has published its fourth quarter report for the FY 2075/76 with 20.72% growth in net profit. The bank’s profit has increased from Rs 62.98 crore in the fourth quarter of the fiscal year 2074/75 to Rs 76.04 crore in the fourth quarter of the fiscal year 2075/76.
The bank’s deposit from customers rises by 22.73% to Rs 42 arba whereas loans and advances to customers have also increased by 11.61% to Rs 42.69 arba in the fourth quarter. The net interest income (core business income) of the bank has also increased by an outstanding 56.36% to Rs 2.20 arba from Rs 1.40 arba of the corresponding quarter.
In the same quarter, the bank has Rs 55.69 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. This means Civil Bank can distribute around 7% (approx.) dividend from the earnings of FY 2075/76 if other regulatory reserve requirements are not required.
The bank’s paid up capital stands at Rs 8 arba with Rs 2.23 arba as its reserve. The Non-Performing Loan (NPL) has decline slightly to 2.37%.
In the fourth quarter, the EPS of the bank stands at Rs 9.50. The net worth per share stands at Rs 127.98 and quarter end PE ratio stands at 16.63 times.
Major Highlights:
|
Particulars (In Rs '000) |
Civil Bank Limited |
||
|---|---|---|---|
|
Q4 2075/76 |
Q4 2074/75 |
Difference |
|
|
Paid Up Capital |
8,003,390 |
7,259,310 |
10.25% |
|
Share Premium |
36,391 |
||
|
Retained Earnings |
628,133 |
1,069,617 |
-41.27% |
|
Reserves |
1,610,918 |
1,484,597 |
8.51% |
|
Deposits from Customers |
42,000,234 |
34,222,597 |
22.73% |
|
Loans & Advances to customers |
42,694,272 |
38,254,794 |
11.61% |
|
Net Interest Income |
2,202,202 |
1,408,397 |
56.36% |
|
Impairment Charge/(Reversal) |
-50,441 |
125,831 |
- |
|
Personnel Expenses |
778,372 |
558,413 |
39.39% |
|
Operating Profit |
1,211,968 |
983,624 |
23.21% |
|
Profit/(Loss) for the Year |
760,407 |
629,899 |
20.72% |
|
Total Comprehensive Income |
753,717 |
612,285 |
23.10% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
556,986 |
- |
- |
|
Capital Adequacy Ratio (CAR) |
17.97 |
20.65 |
-12.98% |
|
NPL |
2.37 |
2.65 |
-10.57% |
|
CCD (as per NRB Directives) |
75.5 |
75.83 |
-0.44% |
|
Cost of Fund (%) |
8.45 |
8.88 |
-4.84% |
|
Base Rate (%) |
11.11 |
11.84 |
-6.17% |
|
EPS (In Rs.) |
9.50 |
8.68 |
9.50% |
|
Net Worth per Share (In Rs.) |
127.98 |
135.69 |
-5.68% |
|
Qtr End PE Ratio (times) |
16.63 |
- |
- |
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