Civil Bank has published first quarter report of FY 2075/76 based on Nepal financial reporting standard (NFRS). It has reported increase in net profit by 63.99% in the comparing period.
Net profit: It has reported net profit of Rs.18.50 crore in Q1 which was Rs.11.28 crore in the same period of last fiscal year.
As per the NFRS model, the bank has free profit after regulatory adjustments of Rs.12.12 crore which can be distribute as dividend to its shareholders.
Deposit: The bank is able to collect deposit Rs. 39.43 arba in Q1 of FY 2075/76 from Rs.34.24 arba in Q1 of last Fiscal year.
Loan & advance: It had extended Rs.41.95 arba in loan and advances which was Rs.31.20 arba in same period of last fiscal year. Loan disbursement grown by 34.42%.
Net interest income: It has made net interest income of Rs. 58.64 crore in Q1 from Rs.32.50 crore in Q1 of last fiscal year 2074/75. Net interest income surged by 80.42%.
Expenses: The bank has made expanses of Rs.15.34 crore for staff salary and Rs. 11.34 crore for operating expanses in Q1.
Operating profit: It has posted operating profit of Rs.26.78 crore from Rs.16.03 crore in the corresponding quarter of last year. Operating profit rose by 67.08%.
Paid up capital & Reserve fund: Paid up capital surged to Rs.8.00 arba from Rs.5.18 arba. Reserve fall to Rs.2.05 arba from Rs.2.24 arba the last year.
Its non performing loan increased to 3.06% from 4.69% in the last year.
Major indicators
- Annualized earning per share (EPS): Rs.5.95
- Net worth per share: Rs.125.66
- Price to Earning ratio: 29.24 times
- Cost of fund: 7.68%
- Credit to deposit ratio: 79.97%
