Citizens Bank International Limited has shown strong financial growth by the end of Ashad in the fiscal year 2081/82.
The bank has increased its loan distribution, deposit collection, service fees, and interest income. This growth shows the bank is becoming a stronger financial institution.
Loan distribution grew by 11.15 percent, reaching NPR 175.16 billion. Last year, it was NPR 157.58 billion. Deposits also grew by 11.69 percent, reaching NPR 214.08 billion, which is about NPR 22 billion more than last year.
Interest income increased by 11.20 percent, reaching NPR 636 million. Service fees and commission income went up by 19.74 percent, reaching NPR 134 million. The bank’s other business income almost doubled, growing by about 98 percent.
Operating expenses increased by only 6.18 percent, reaching NPR 324 million. Despite this, the bank managed to keep a profit.
The bank’s net profit during this period was NPR 129.32 million. It also reduced the cost of funds from 6.32 percent to 4.49 percent. The base rate dropped from 8.26 percent to 6.25 percent, making it easier for customers to get loans.
The bank improved its loan risk management by setting aside provisions equal to 105.98 percent of its non-performing loans. Its credit to deposit ratio is 81.90 percent, which is within regulatory limits and shows balanced liquidity.
Finally, the bank’s return on assets was 0.59 percent, and return on equity was 5.81 percent.
Citizens Bank stats
| Indicator | Amount (NPR) | Growth (%) | Previous Year Amount (NPR) |
|---|---|---|---|
| Loan distribution | 175.16 billion | 11.15% | 157.58 billion |
| Deposit collection | 214.08 billion | 11.69% | 192 billion (approx.) |
| Interest income | 636 million | 11.20% | 572 million (approx.) |
| Service fees & commission | 134 million | 19.74% | 112 million (approx.) |
| Operating expenses | 324 million | 6.18% | 305 million (approx.) |
| Net profit | 129.32 million | — | — |
| Cost of funds | 4.49% | Decreased | 6.32% |
| Base rate | 6.25% | Decreased | 8.26% |
| Credit to deposit ratio | 81.90% | — | — |
| Return on assets | 0.59% | — | — |
| Return on equity | 5.81% | — | — |
