Citizens Bank Reports 10 Percent Rise In Net Profit [Q4 Report]
July 28, 2023 | Investopaper
Citizens Bank International Limited (CZBIL) has reported a rise in net profit due to an increase in the core business of the bank. In the fiscal year 2079/80, Citizens Bank has disclosed a 13 percent and 10 percent surge in operating profit and net profit respectively as compared to the corresponding period of the previous fiscal year.
Similarly, the deposits and loans have grown by 10 percent and 7 percent respectively during this period. The non-performing loans (NPL) as well as the base rate have increased.
The major financial indicators of the bank is presented below:
Major Financial Indicators Of Citizens Bank (CZBIL), FY 2079/80
Paid Up Capital: Rs 14.2 Arba
Reserve and Surplus: Rs 7.11 Arba
Deposits From Customers: Rs 168.84 Arba
Loans & Advances To Customers: Rs 140.4 Arba
Net Interest Income: Rs 5.85 Arba
Operating Profit: Rs 3.07 Arba
Net Profit: Rs 2.21 Arba
Distributable Profit: Rs 1.03 Arba
Non Performing Loans (NPL): 3.19%
Base rate: 10.51%
Earnings Per Share (EPS): Rs 15.59
Networth Per Share: Rs 150.08
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The performance of Citizens Bank in the fiscal year 2079/80 is summarized in the table below:
Citizens Bank International (CZBIL): Report Summary, FY 2079/80
| Financial Indicators | FY 2079/80 | FY 2078/79 | Percent Change |
| Paid up capital(Rs.’Arba’) | 14.2 | 14.2 | 0.00 |
| Reserve and Surplus(Rs.’Arba’) | 7.11 | 6.2 | 14.68 |
| Deposits From Customers (Rs.’Arba’) | 168.84 | 152.8 | 10.50 |
| Loans & Advances To Customers (Rs.’Arba’) | 140.4 | 131.34 | 6.90 |
| Net Interest Income(Rs.’Arba’) | 5.85 | 4.99 | 17.23 |
| Operating Profit (Rs.’Arba’) | 3.07 | 2.7 | 13.70 |
| Net Profit (Rs.’Arba’) | 2.21 | 2 | 10.50 |
| Distributable Profit (Rs.’Arba’) | 1.03 | ||
| Non Performing Loans, NPL(%) | 3.19 | 2.22 | 43.69 |
| Base rate(%) | 10.51 | 10.09 | 4.16 |
| Earnings Per Share, EPS (Rs.) | 15.59 | ||
| Networth Per Share ( Rs.) | 150.08 | ||
| Market Price Per Share (Rs.) [Ashad’s end, 2080 BS] | 173.1 | ||
| P/E Ratio | 11.10 |
Source: Unaudited Q4 Report, FY 2079/80
Note:
The above figures are based on the un-audited quarterly report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.
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Related: Financial Analysis of Commercial Banks of Nepal [With Ranking]
