Civil Bank in loss; provisioned Rs 10.75 crore in Q1

ShareSansar, November 18:

Publishing the unaudited financial quarterly report today, Civil Bank Limited (CBL) stated that the company is in loss by Rs 96 lakh, down from Rs 1.24 crore profits in the corresponding period of the previous fiscal year 2070/71.

Net interest income of the bank increased to Rs 15.96 crore, up from Rs 10.62 crore in the previous year, which shows that the bank has been able to increase its business this quarter.  

The bank has collected Rs 23.98 arba in deposits and extended a total loan of Rs 20.50 arba in this fiscal year; compared to Rs 15.70 arba deposits and Rs 13.74 arba loans and advances during the last fiscal year.

It has provisioned Rs 10.5 crore for the possible losses, which is the main reason for the loss in the published period.

There is an increase in the Non-performing loan (NPL) of the bank. It goes up to 2.22 percent from 1.50 percent in the previous year.  

Civil Bank annualized EPS is at negative Rs 1.40, while its P/E ratio stands at negative 207.74 times and its net worth per share at Rs 119.24.

The bank is yet to propose the dividend, if any, from the profit it made in the last fiscal year.

For Financial Report: CLICK HERE