See the major highlights of Citizens Bank; Rs 34.35 crore free profit reported in Q1

Tue, Nov 6, 2018 8:34 AM on Financial Analysis, Stock Market,
See the ma...

Citizens Bank International Limited (CZBIL) has posted a profit growth of 34.38 percent in the first quarter (Q1) of the fiscal year 2075/76.

As per the quarterly report published by the commercial bank today, the bank has earned net profit of Rs 42.88 crore in the first quarter of the fiscal year 2075/76 up from Rs 31.91 crore in the corresponding period of the previous fiscal year 2075/76.

The bank’s net interest income surged to Rs 75.31 crore in the Q1, from Rs 48.14 crore in the corresponding quarter of the previous fiscal year.

The paid up capital of the bank remains at Rs 8.07 arba. The bank’s reserve and surplus increased to Rs.3.32 arba in Q1 up from Rs 1.68 arba in the corresponding quarter. The bank has collected Rs. 63.38 arba in deposits in Q1 up from Rs 52.77 arba in the same quarter of fiscal year 2074/75.

Its loan and advances boosted to Rs 59.88 arba in the current fiscal year up from Rs 49.09 arba  in the corresponding period of the previous fiscal year.

CZBIL non-performing loan has dropped from 1.99 % in the corresponding period of the fiscal year 2074/75 to 1.23% in first quarter of the fiscal year 2075/76.

Its Earning per Share (EPS) stood at Rs 21.35 and net worth per share is at Rs 141.18.

Major Highlights:

Particulars (In Rs '000)

CZBIL

Q4 2074/75

Q4 2073/74

Difference

Paid Up Capital

8,079,619

8,029,160

0.63%

Reserve & Surplus

3,327,577

1,687,971

97.13%

Deposits

63,387,255

52,775,102

20.10%

Borrowings

3,314,630

5,209,230

-36.37%

Loans & Advances

59,883,631

49,090,722

21.99%

Net Interest Income

753,141

481,449

56.43%

Operating Profit

605,929

446,900

35.58%

Net Profit

428,811

319,097

34.38%

Total Comprehensive Income afterShare of NCI

431,304

319,097

35.16%

Add/ Less: Regulatory adjustment as per NRB

-87,804

-

-

Free Profit/ (Loss) after Regulatory Adjustments

343,500

319,097

7.65%

NPL

1.23

1.99

-38.19%

Annualized EPS (In Rs.)

21.35

15.90

34.32%

Net Worth per Share (In Rs.)

141.18

178.01

-20.69%

P/E Ratio (In times)

11.66

-

-