Modest profit growth of Citizens bank by 14.39% to Rs 1 arba; Net worth stands at Rs 129.56
Fri, Apr 20, 2018 1:46 AM on Financial Analysis, Latest, Stock Market,
Citizens Bank International Limited (CZBIL) has posted a modest profit growth of 14.39 percent in the third quarter (Q3) of the current fiscal year.
As per the quarterly report published by the commercial bank today, the bank has earned net profit of Rs 1 arba in the third quarter of the fiscal year 2074/75 up from Rs 88.28 crore in the corresponding period of the previous fiscal year 2073/74.
The bank’s net interest income surged to Rs 1.46 arba in the Q3, from Rs 1.25arba in the corresponding quarter of the previous fiscal year.
The paid up capital of the bank remains at Rs 8.03 arba. The bank’s reserve and surplus increased to Rs.2.37 arba in Q3 up from Rs 2.17 arba in last quarter. The bank has collected Rs. 60.25 arba in deposits in Q3 up from Rs 55.56 arba in the same quarter of previous year.
Its loan and advances boosted to Rs 55.82 arba in the current fiscal year up from Rs 47.8 arba in the corresponding period of the previous fiscal year.
CZBIL non-performing loan has dropped from 1.55 % in the corresponding period of the fiscal year 2073/74 to 1.46% in third quarter of the fiscal year 2074/75.
Its Earning per Share (EPS) stood at Rs 16.76, net worth per share is at Rs 129.56 and P/E ratio at 15.51 times. The credit to deposit ratio (CD ratio) of the bank stands at 78.41%
Major Highlights:
|
Particulars (In Rs '000) |
CZBIL |
||
|---|---|---|---|
|
Q3 2074/75 |
Q3 2073/74 |
Difference |
|
|
Paid Up Capital |
8,033,236 |
5,876,440 |
36.70% |
|
Reserve & Surplus |
2,374,306 |
2,176,179 |
9.10% |
|
Deposits |
60,256,519 |
55,560,895 |
8.45% |
|
Borrowings |
3,822,805 |
808,884 |
372.60% |
|
Loans & Advances |
55,820,044 |
47,800,018 |
16.78% |
|
Net Interest Income |
1,466,724 |
1,254,818 |
16.89% |
|
Provision for possible losses |
245,176 |
231,905 |
5.72% |
|
Operating Profit |
1,177,427 |
887,150 |
32.72% |
|
Net Profit |
1,009,886 |
882,855 |
14.39% |
|
NPL (%) |
1.46 |
1.55 |
-5.81% |
|
Annualized EPS (In Rs.) |
16.76 |
20.03 |
-16.32% |
|
Net Worth per Share (In Rs.) |
129.56 |
137.03 |
-5.46% |
|
P/E Ratio (In times) |
15.51 |
- |
- |
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