Civil Bank Increases Net Profit by 20%

Aug 18, 2019 11:26 AM Merolagani

Civil Bank has increased its net profit by 20.72 percent to Rs 760.4 million in the fourth quarter of the last FY compared to Rs 629.9 million of the corresponding period of the previous FY.

Similarly, the bank has a distributable profit of Rs 556.9 million in the review period. In the review period, the bank increased its net interest income by 56 percent to Rs 2.20 billion. However, an increase in its staff expenses by 40 percent and other expenses have decreased its operating profit to Rs 1.21 billion.

During the period, the bank increased its deposit collection by 22.73 percent to Rs 42 billion and loan extension by 11.61 percent to Rs 42.69 billion. 

The bank with Rs 8.33 billion in paid-up capital has a reserve fund of Rs 1.31 billion and shareholders fund of Rs 628.1 million.

The bank has non-performing loan of 2.64 percent, EPS of Rs 9.50, net worth per share of Rs 127.98 and P/E ratio of 15.63 times.

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