Civil Bank's profit rises by 47.21% in Q3; earns Rs 49.38 crore with EPS of Rs 8.23

Civil Bank Limited (CBL) has published its third quarter report for the FY 2075/76 with a rise in net profit by 47.21%.

The bank’s profit has increased from Rs 33.55 crore in the third quarter of the fiscal year 2074/75 to Rs 49.38 crore in the third quarter of the fiscal year 2075/76. The banks profit rises mainly due rise in net interest income (core business income) by 70.20% to Rs 1.57 arba till Q3.

The bank’s deposit rises by 16.67% to Rs 39.92 arba whereas loans and advances have also increased by 8.25% to Rs 41.41 arba in the third quarter. The bank’s paid up capital stands at Rs 8 arba with Rs 2 arba as its reserve. The Non-Performing Loan (NPL) rises to 3.96%.

In the same quarter, the bank has Rs 22.30 crore as distributable profit after Regulatory Adjustments and PL appropriations which can be utilized in distributing dividends to its shareholders. If the profit growth of this quarter continues in fourth quarter then the company will have Rs 29.73 crore (approx.) as distributable profit. This means CBL can distribute around 4% (approx.) dividend from the earnings of FY 2075/76 next year if other regulatory requirements are not required.

In the third quarter, the annualized EPS of the bank stands at Rs 8.4. The net worth per share stands at Rs 125.01 and qtr end PE ratio stands at 19.44 times.

Major Highlights:

* Figure are of Immediate Previous Year Ending (Audited)

* Published EPS, Networth and PE may differ. As per NFRS standard, Weighted average number of shares is taken while calculating EPS, Networth and PE but we have taken number of shares as per Q3 end paid up capital.