Net profit of Civil Bank decreased by 11%

Kathmandu January 31- Operating with Rs. 2 billion 880 million paid up capital, Civil Bank earned Rs. 156.3 million net profit in the second quarter of current fiscal year which is 11% degrowth from corresponding period of previous fiscal year that was Rs. 176.9 million.

Company has balance of Rs. 556.5 million in its reserve fund. Deposit collection of the bank has grown by 14.37%  to Rs. 26 billion 931.6 million which was Rs. 23 billion 546 million last year. Loan and advance has also boosted by 9.20% to Rs. 23 billion 49.4 million which was Rs. 21 billion 106.7 million last year. Net interest income has decreased by 15.60% to Rs. 364.9 million. Interest income and interest expense has increased by 2.33% to 14.61% respectively.

Similarly, operating profit of the bank has amounted to Rs. 99.5 million while it has Rs. 160 million in its provision and recovered Rs. 140 million bad debts.

EPS of the bank is Rs. 10.83 while its P/E ratio is 23.09 times; net worth per share is Rs. 119. 26 and liquidity ratio is of Rs. 24.79.