Civil Bank's profit increased by 162 percent, 11 Percent Dividend Capacity

Aug Sun 2022 03:49:10

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Civil Bank's profit increased by 162 percent, 11 Percent Dividend Capacity

Kathmandu. Civil Bank has earned a profit of 1 billion 38 crore 46 lakh 85 thousand rupees in the last financial year. According to the unrevised financial statement of the financial year 2078/79 published by the bank, the profit has increased by 162.36 percent compared to the previous year 2077/78. The distributable profit of the bank is 1 billion 63 lakh 9 thousand.

The bank earned a profit of 527.7784 thousand in the previous year. The bank's net interest income increased by 64.31 percent to 3.64 billion 1.534 million, and the bank made a provision of 344.46 million for possible loan losses in the previous year.

As a result, the operating profit of the bank has also increased significantly. The operating profit of the bank increased by 139.25 percent compared to the previous financial year and reached two billion 11 crore 32 lakh 71 thousand.

The bank's earning per share increased from Rs 6 .11 paisa to Rs 15. 26 paisa. Likewise, the net worth per share has increased from 123 rupees 67 paise to 132 rupees 43 paise. There is 1 billion 63 lakh 9 thousand in the accumulated fund and 1 billion 93 crore 68 lakh 86 thousand in the reserve fund of the bank. The bank's base rate has increased from 7.83 percent to 10.46 percent. Similarly, the capital adequacy ratio has increased from 11.88 percent to 16.05 percent.