Kathmandu. Citizens Bank has earned a net profit of Rs 35.88 crore in the first quarter of the current FY. The profit was 45.78 percent lower than the corresponding period of the previous FY.

The bank had posted a net profit of Rs 66.18 crore in the same quarter last year.

During the period, the bank’s net interest income increased by 2.28 percent to Rs 3.14 billion. However, due to the decrease in operating profit and increase in impairment charge, the profit of the bank has decreased.

The operating profit of the bank decreased by 44.68 percent to Rs 504.171 million.

Similarly, the impairment charge is Rs 1.83 billion. In the same period last year, the company had collected Rs 1.38 billion. The bank has a net profit of Rs 1.10 billion.

The bank’s NPL increased from 4.85 percent to 6.86 percent. The bank’s earnings per share declined by Rs 4.33 to Rs 4.63 and net worth per share stood at Rs 149.79.

The bank has a paid-up capital of Rs 15.50 billion and reserve fund of Rs 7.72 billion. The bank collected deposit of Rs 210.22 billion and extended loan of Rs 168.21 billion.