Kathmandu. Citizens Bank has released its financial results for the third quarter of the current fiscal year.

The bank has earned a net profit of Rs 1.30 billion in the review period. The profit increased by 35.82 percent compared to the same period last year. The bank had posted a net profit of Rs 96.18 crore in the same quarter last year.

The bank’s operating profit has increased till mid-April due to the increase in operating profit and reduction in impairment charges. During the review period, the bank’s net interest income decreased by 1.48 percent to Rs 4.67 billion. The bank’s operating profit increased by 38.61 percent to Rs 1.85 billion. Similarly, the impairment charge has been reduced from Rs 2.16 billion to Rs 1.48 billion.

The bank has EPS of Rs 11.23 and net worth per share of Rs 155.99. The distributable profit of the bank is negative at Rs 50.44 crore.

The bank has a paid-up capital of Rs 15.50 billion and reserve fund of Rs 8.68 billion. The bank collected deposit of Rs 213.46 billion and extended loan of Rs 169.39 billion.