Citizens Bank’s Net Profit Surges 63.05% to Rs. 2.09 Arba, EPS Jumps 55.29% to Rs. 13.53
Summary
Citizens Bank International Limited posted a 63.05% jump in net profit to Rs. 2.09 arba in the fourth quarter of FY 2082/83. Earnings per share rose 55.29% to Rs. 13.53, supported by lower impairment charges and stronger operating profit.
Key Points
- Citizens Bank International Limited reported net profit of Rs. 2.098 arba, up 63.05% year-on-year in Q4 FY 2082/83.
- Earnings per share increased 55.29% to Rs. 13.53, while operating profit rose 81.26% to Rs. 3.60 arba.
- Impairment charges fell 69.05%, helping offset a slight decline in net interest income.
- Deposits grew 9.57% and the bank’s NPL ratio rose to 5.88% from 4.89%.
