Civil Bank Q1 earning nosedived by 75.23% to Rs 1.45 crore; NPL at 4.13%; EPS minimal Rs 1.85

Civil Bank Limited (CBL) has reported net profit dwindle by 75.23 percent in the first quarter of the current fiscal year 2073/74. According to the unaudited financial report published by the commercial bank today, its net profit has decline to Rs 1.45 crore in first quarter from Rs 5.87 crore in the corresponding quarter of the last fiscal year 2072/73. Its net interest income increased to Rs.22.97 crore in the first quarter from Rs. 14.59 crore in the corresponding quarter. It’s paid up capital remains at Rs. 3.08 arba with reserve of Rs 53.79 crore. The bank collected deposits of Rs. 31.34 arba in Q1, up from Rs. 27.37 arba in the corresponding period last year. Likewise, it has extended loans and advances of Rs. 26.34 arba in Q1. In the same period of last year the figure stood at Rs. 23.49 arba. Its non-performing loan increased to 4.13 percent in Q1 from 2.54 percent in the previous year report. Civil Bank’s annualized Earning Per Share (EPS) stands at Rs 1.85 and net worth per share at Rs. 117.45,. Civil Bank had resumed its trading on Kartik 9, 2073 after the successful merger with ILFC. Recently, Civil Bank had also signed Memorandum of Understanding (MOU) for the acquisition process with Unique Finance and Hama Merchant & Finance.