Citizens Bank International Reports 27.97% Drop in Net Profit for Q4 FY 2080/81; Distributable Profit at Rs. 61.61 Crores
Sat, Aug 3, 2024 8:37 AM on Financial Analysis, Company Analysis, Latest,
Citizens Bank International Limited (CZBIL) has released its fourth-quarter financial report for the fiscal year 2080/81, revealing a significant 27.97% decrease in net profit to Rs. 1.34 Arba.
The bank's paid-up capital stands at Rs. 14.20 Arba, with reserves amounting to Rs. 6.74 Arba. Retained earnings were reported at Rs. 61.61 Crores.
In this quarter, Citizens Bank saw its total deposits rise to Rs. 1.89 Kharba, while loans and advances to customers reached Rs. 1.53 Kharba. Despite a slight 2.44% decrease, net interest income remained substantial at Rs. 5.68 Arba. Personnel expenses were reported at Rs. 1.88 Arba, and impairment charges saw a significant increase of 45.11%, totaling Rs. 85.95 Crores.
Key financial metrics for the fourth quarter include an earnings per share (EPS) of Rs. 9.45 and a net worth per share of Rs. 146.20. The bank is currently dealing with a rise in Non-Performing Loans (NPL) to 4.07%. Additionally, the bank disclosed a distributable profit of Rs. 61.61 Crores.
* Figures are of Immediate Previous Year Quarter Ending
| Particulars (In Rs '000) | Citizens Bank International | ||
|---|---|---|---|
| Q4 2080/81 | Q4 2079/80 | Difference | |
| Paid Up Capital | 14,200,974.01 | 14,200,974.01* | 0.00% |
| Share Premium | 0.00 | 0.00 | - |
| Retained Earnings | 616,163.48 | 846,989.18* | -27.25% |
| Reserves | 6,740,838.25 | 5,915,555.47* | 13.95% |
| Deposits | 189,216,730.07 | 168,842,139.61* | 12.07% |
| Loans & Advances | 153,329,163.72 | 139,832,005.02* | 9.65% |
| Net Interest Income | 5,686,160.59 | 5,828,496.20 | -2.44% |
| Personnel Expenses | 1,881,476.00 | 1,889,896.98 | -0.45% |
| Impairment Charges | 1,765,221.69 | 1,216,480.22 | 45.11% |
| Operating Profit | 2,077,811.44 | 2,575,342.25 | -19.32% |
| Net Profit | 1,342,466.56 | 1,863,756.01 | -27.97% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 616,163.48 | 846,989.18 | -27.25% |
| Capital Adequacy (%) | 13.13 | 12.12 | 8.33% |
| NPL (%) | 4.07 | 3.39 | 20.06% |
| Cost of Fund (%) | 6.32 | 8.34 | -24.22% |
| EPS (In Rs.) | 9.45 | 13.12 | -27.97% |
| Net Worth per Share (In Rs.) | 151.81 | 147.62 | 2.84% |
| Qtr end PE Ratio (times) | 20.47 | ||
| Qtr End Market Price | 193.5 | - | |
