Kathmandu. Citizens Bank has published its unaudited financial statements for the third quarter of the current fiscal year. According to the report, the bank’s net profit increased by 35.82 percent. During the period, the bank earned a net profit of Rs 1.30 billion. The bank had posted a net profit of Rs 93.18 crore in the same quarter last year.

In the review period, the bank’s net interest income decreased by 1.48 percent, while the net fee and commission income decreased by 2 percent.

Similarly, the total operating income of the bank increased by 3.06 percent and operating profit by 38.61 percent. During the period, the bank’s impairment charge decreased from Rs 2.16 billion to Rs 1.48 billion. This is the reason why the bank’s profit has increased.

Along with the profit, the bank’s earnings per share (EPS) has also increased in the review period. During the period, the EPS of the bank increased by Rs 2.55 to Rs 11.23. During this period, the bank has a net worth per share of Rs 155.99 and P/E ratio of 18.71 percent.

The distributable profit of the bank is negative at Rs 50.44 crore. The bank has paid-up capital of Rs 15.50 billion and reserve fund of Rs 8.68 billion.