Citizens Bank International Increases Net Profit by 27%

Jan 21, 2021 10:02 AM Merolagani

Citizens Bank International (CZBIL) increased its net profit by 27.26 percent to Rs 875.1 million in the second quarter of the current FY compared to Rs 687.7 million of the corresponding period of the last FY.

The increase in net profit can be attributed to the increase in net interest income, net trading income and other operating income.

In the review period, the bank increased its net interest income by 12.39 percent to Rs 1.61 billion and  operating profit by 21.56 percent to Rs 1.16 billion.

Moreover, the bank increased its net trading income to Rs 196.7 million and other operating income to Rs 113.2 million.

The bank with Rs 9.81 billion in paid-up capital has reserve fund of Rs 3.43 billion and shareholders fund of Rs 876.7 million.

Similarly, the bank increased its deposit collection by 18.85 percent to Rs 105 billion and loan extension by 11.27 percent to 87.87 billion.

The bank logged EPS of Rs 17.83, P/E ratio of 16.55 times and net worth per share of Rs 143.95.

The bank has base rate of 8.25 percent and spread rate of 4.08 percent.


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