Civil Bank tries to justify its below par performance this second quarter; earns Rs 31.62 crore in net profit and assures public to perform better in coming days

Civil Bank has registered a good growth in its operational profit in its second quarter unaudited financial report where the figure stands at Rs 95 crore which was Rs 73.20 crore during the end of second quarter last year.

The bank also registered 21% growth in deposit collection which stands at Rs 52  arba, loan figure increased by 14% i.e. Rs50  arba, during the review period.

The bank also clocked customer base of 4.12 lakh which is an increment by 54%, has increased operational profit by 9% to Rs 1.46 arba, increased net interest income by 9 % to Rs 1.19 arba, reduced NPL by 0.85% to 2.69%, reduced base rate to 10.95 % from earlier 11.31% and earned a meager net profit of Rs 31.62 crore during the review period.

The bank currently has 102 branches and mulling to open 17 more branches in a near future, as per the media statement.