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

In the first quarter of the current financial year, the bank earned a profit of Rs 10.77 crore. In the same period of the previous year, the bank had a loss of Rs 22.04 crore.

During this period, the bank’s net interest income stood at Rs 1,54,15,16,000. Interest income declined by 10.65 per cent to Rs 3.63 billion.

The bank’s impairment charge is Rs 1,07,85,20,000 and operating expenses are Rs 86.32 crore. The distributable profit of the bank is negative at Rs 45.77 crore.

As of mid-October, the bank collected deposits of Rs 242.73 billion and extended loans of Rs 183.49 billion.

The non-performing loan of the bank has come down to 5.78 percent from 6.84 percent. The bank’s earnings per share is Rs 14.18.