July 30, 2021 | 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 2077/78, Citizens Bank has disclosed a 44 percent and 33 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 at 58 percent and 50 percent respectively during this period. The non-performing loans (NPL) has increased while the base rate has fallen.
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The performance of Citizens Bank in the fourth quarter of F.Y. 2077/78 is summarized in the table below:
Citizens Bank Report Summary, FY 2077/78
|Financial Indicators||Q4, FY 2077/78||Q4, 2076/77||Percent Change|
|Paid up capital (Rs.’Arba’)||12.57||9.08||38.44|
|Reserve and Surplus (Rs.’Arba’)||6.09||4.32||40.97|
|Deposits From Customers Rs. (‘Arba’)||140.06||88.17||58.85|
|Loans & Advances To Customers (Rs. ‘Arba’)||118.57||78.97||50.15|
|Net Interest Income (Rs. ‘Arba’)||3.60||2.88||25.00|
|Operating Profit (Rs. ‘Arba’)||2.15||1.49||44.30|
|Net Profit (Rs. ‘Arba’)||1.59||1.19||33.61|
|Distributable Profit (Rs.’Arba’)||1.57||–||–|
|Non Performing Loans, NPL (%)||2.77||1.55||78.71|
|Base rate (%)||7.55||9.04||-16.48|
|Earnings Per Share, EPS (Rs.)||15.38|
|Networth Per Share (Rs.)||148.49|
|Market Price Per Share (Rs.) [Ashad end, 2078 BS]||386|
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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The major indicators of Citizens Bank International in the fiscal year 2077/78 include:
Net Profit of Citizens Bank
The bank reported a rise in net profit by more than 33 percent from the corresponding quarter of the previous year. With the rise in net interest income by 25 percent to Rs. 3.60 Arba, the net profit of the bank has increased to Rs 1.59 Arba. In the previous fiscal year, such profit stood at Rs 1.19 Arba.
Paid-up Capital & Reserve of Citizens Bank
As of Ashad’s end 2078 BS, Citizens Bank has a paid-up capital of Rs. 12.57 Arba, up from Rs 9.08 Arba in the same period of the previous year.
Likewise, the reserve and surplus of the bank have improved by 40.97 percent to Rs. 6.09 Arba. The reserves stood at Rs. 4.32 Arba in the previous fiscal year.
Deposits and Loans
The bank was able to grow its deposits and loans by 58.85 percent and 50.15 percent in the fiscal year 2077/78. The deposits (from customers) have grown from Rs. 88.17 Arba to Rs. 140.06 Arba. Similarly, the loans and advances have surged to Rs. 118.57 Arba from 78.97 Arba.
Earnings Per Share (EPS), Networth Per Share, Market Price & P/E ratio
CZBIL has an Earnings Per Share (EPS) of Rs. 15.38. Likewise, the per-share Networth of the bank stands at Rs. 148.49.
The share price of Citizens bank closed at Rs. 386 at the end of Ashad, 2078 BS. This gives the stock a P/E ratio of 25.10 which indicates that the stock is slightly over-priced in the market.
NPL and Base rate
The Non-Performing Loans (NPL) of the bank has inclined from 1.55 percent to 2.77 percent. Likewise, the base rate has fallen from 9.04 percent in the previous year to 7.55 percent.
Distributable Profit and Dividend Paying Capacity
In the fiscal year 2077/78, Citizens bank has a distributable profit of Rs. 1.57 Arba. This gives the bank a dividend-paying capacity of 12.50 percent.