Citizens Bank International Limited (CZBIL) has registered net profit rise by 45.19 percent in the second quarter (Q2) of the fiscal year 2073/74.
As per the unaudited report for the first quarter published today, the bank’s net profit rises to Rs. 60.76 crore in the second quarter of fiscal year 2073/74, up from Rs 41.84 crore reported in the same quarter of the fiscal year 2072/73.
In the first quarter, Citizen’s net interest income has risen to Rs 85.57 crore, up from Rs 71.61 crore in the previous corresponding quarter.
The bank has collected Rs 52.57 arba in deposits and disbursed Rs 46.78 arba in loans in Q2 as compared to Rs 40.03 arba in deposits and Rs 33.55 arba in loans in the corresponding quarter last year.
Due to huge amount in write back and satisfactory growth in business income led in increment in net profit. The bank has collected Rs 69.68 crore in write back in Q2 as compared to Rs 18.02 crore.
CZBIL has paid up capital of Rs 5.53 arba with reserve of Rs 1.90 arba.
The commercial bank CD ratio stands at 79.40% and non-performing loan (NPL) dropped to 1.32% from 2.43% in Q2.
Its Earning per Share (EPS) stands at Rs 22.81, net worth per share is at Rs 134.59 and P/E ratio at 21.48 times.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
5,537,352.00 |
3,065,234.00 |
80.65% |
| Reserve and Surplus |
1,907,454.00 |
1,093,131.00 |
74.49% |
| Deposits |
52,579,499.00 |
40,034,665.00 |
31.33% |
| Loans and Advances |
46,782,081.00 |
33,556,523.00 |
39.41% |
| Net Interest Income |
855,749.00 |
716,114.00 |
19.50% |
| Provision |
119,688.00 |
251,626.00 |
- |
| Write Back |
696,842.00 |
180,234.00 |
- |
| Operating Profit |
674,468.00 |
370,470.00 |
82.06% |
| Net Profit |
607,601.00 |
418,483.00 |
45.19% |
| Capital Adequacy Ratio |
13.37% |
12.39% |
- |
| NPL |
1.32% |
2.43% |
- |
| Base Rate |
7.78% |
7.27% |
- |
| Cost of Fund |
5.20% |
4.45% |
|
| CD Ratio (as per NRB) |
79.40% |
76.92% |
- |
| EPS (Annualized) |
22.81 |
27.31 |
-16.46% |
| PE Ratio |
21.48 |
|
|
| Networth Per Share |
134.59 |
|
|
