Citizens Bank International Limited (CZBIL) has reported 7.54 percent decline in profit for the first quarter of the fiscal year 2074/75.
As per the unaudited report for the first quarter published today, the bank’s net profit has slightly dropped to Rs 31.90 crore in the first quarter of fiscal year 2074/75, from Rs 34.51 crore reported in the same quarter of the previous fiscal year 2073/74. The bank has posted an operating profit of Rs 42.31 crore.
Citizens Bank has collected Rs 54.63 arba in deposit in the first quarter and extended a total of Rs 50.06 arba in loans. In the corresponding quarter of fiscal year 2073/74, the bank deposits stood at Rs 50.31 arba and loan & advances at 43.73 arba.
Its net interest income surged to Rs 48.14 crore in Q4 up from Rs 43.59 crore in the corresponding quarter. CZBIL’s non-performing loan (NPL) has increased from 1.73% in corresponding quarter compared to 1.99 percent in the current quarter.
Its paid up capital remains at Rs 8.02 arba in Q1.The bank reported a CD ratio of 76.62 percent. The bank reserve and surplus grew to Rs.2.52 arba in Q4 up from Rs 91.18 crore in last quarter, rises by 179.55 percent.
Recently, the bank has distributed 16.85 percent stock dividend from the profits it earned in the fiscal year 2073/74.
The bank’s Earning Per Share (EPS ) stands at Rs 15.90, net worth per share is valued at Rs 121.02 and P/E ratio at 19.31 times.
Major highlights:
| Particulars (In Rs '000) |
Q1 2074/75 |
Q1 2073/74 |
Difference |
| Paid Up Capital |
8,029,160 |
5,537,352 |
45.00% |
| Reserve |
1,687,971 |
1,648,217 |
2.41% |
| Deposits |
54,632,707 |
50,319,215 |
8.57% |
| Borrowings |
3,351,624 |
1,618,254 |
107.11% |
| Loans & Advances |
50,065,803 |
43,730,750 |
14.49% |
| Net Interest Income |
484,449 |
435,954 |
11.12% |
| Provision for possible losses |
54,780 |
62,511 |
-12.37% |
| Operating Profit |
423,152 |
352,389 |
20.08% |
| Net Profit |
319,099 |
345,157 |
-7.55% |
| NPL (%) |
2.02 |
1.73 |
16.76% |
| Annualized EPS (In Rs.) |
15.90 |
24.93 |
-36.24% |
| Net Worth per Share (In Rs.) |
121.02 |
129.77 |
-6.74% |
| P/E Ratio (In times) |
19.31 |
- |
- |
