With An Increment In Core Business Revenue And Lower Impairment Charges, Civil Bank Limited Reports Higher Growth In Bottom Line In Q2
Fri, Jan 21, 2022 8:22 AM on Company Analysis, Latest,
Civil Bank Limited (CBL) has published its second-quarter report for the FY 2078/2079 with an increment in Net Profit by a massive 148.42%. The bank's net profit has increased from Rs. 20.28 crores in the second quarter of FY 2077/2078 to Rs. 50.40 crores in the second quarter of FY 2078/2079.
In the same quarter, the bank has Rs 69.79 crore as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers increased by 3.46% to Rs. 91.69 Arba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 5.55% to Rs. 83.42 Arba (compared to the immediate previous year ending) till the second quarter. The bank's Net Interest Income (core business income) has increased by 57.03% to Rs. 1.46 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 8.64 Arba with Rs. 2.54 Arba in Reserve and surplus. The Non-performing loan (NPL) remained at 0.94%.
The annualized earnings per share (EPS) of the Bank stood at Rs. 11.66 and Net worth per share stood at Rs. 129.39. The company traded at a P/E multiple of 21.87 times.
Major Highlights:
|
Particulars |
Civil Bank Limited |
||
|---|---|---|---|
|
Q2, 2078/2079 |
Q2, 2077/2078 |
Difference |
|
|
Share Capital |
8,643,661.00 |
8,643,661.00 |
0.00% |
|
Reserve & Surplus |
2,540,638.00 |
2,050,049.00 |
23.93% |
|
Loans and Advances |
83,427,478.00 |
79,037,697.00 |
5.55% |
|
Deposit from Customers |
91,698,217.00 |
88,634,877.00 |
3.46% |
|
Net Interest Income |
1,467,449.00 |
934,507.00 |
57.03% |
|
Impairment charge/(Reversal) for loans |
51,176.00 |
199,927.00 |
- |
|
Operating Profit |
732,294.00 |
269,758.00 |
171.46% |
|
Net Profit |
504,001.00 |
202,884.00 |
148.42% |
|
Capital Adequacy Ratio (CAR) |
15.12% |
13.73% |
- |
|
Non-performing Loan (%) |
0.94% |
1.70% |
- |
|
Cost of Funds (%) |
6.80% |
6.87% |
- |
|
Base Rate (%) |
9.74% |
8.45% |
- |
|
CD Ratio (as per NRB Directives) |
88.88% |
75.32% |
- |
|
Annualized EPS (Rs.) |
11.66 |
4.69 |
- |
|
Net Worth per share (Rs.) |
129.39 |
123.72 |
- |
|
Price to Earnings (Times) |
21.87 |
- |
- |
|
Price to Book (Times) |
1.97 |
- |
- |
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