Citizens Bank International Limited has published its unaudited financial results for the second quarter of the fiscal year 2025/26 (FY 2082/83). According to the report, the bank’s net profit declined sharply by 36.40 percent compared to the same period last year.
During the first six months of the current fiscal year, the bank recorded a net profit of NPR 358.86 million. In the corresponding period of the previous fiscal year 2024/25 (FY 2081/82), Citizens Bank had earned NPR 564.83 million in net profit.
The bank’s net interest income also weakened during the review period, falling by 13.84 percent to NPR 2.48 billion, down from NPR 2.87 billion a year earlier. Similarly, net fee and commission income declined by 8.52 percent to NPR 623.8 million.
Operating profit dropped to NPR 504.1 million during the period. The bank allocated NPR 642 million as impairment charges for loan loss provisioning, which significantly impacted overall profitability.
Distributable profit indicators show continued pressure, with the bank posting a negative distributable profit of NPR 1.18 billion as of mid-January. The bank’s annualized earnings per share (EPS) stood at NPR 4.63, while net worth per share was recorded at NPR 155.41.
As of the review period, Citizens Bank’s paid-up capital stood at NPR 15.51 billion, with reserves totaling NPR 8.82 billion. In terms of business volume, the bank mobilized deposits worth NPR 210.22 billion and extended loans and advances amounting to NPR 168.86 billion.
Asset quality indicators also showed some deterioration, with the non-performing loan (NPL) ratio rising to 4.46 percent. Meanwhile, the bank’s base rate remained at 7.30 percent. Overall, the latest financial results reflect increasing financial pressure on Citizens Bank amid challenging operating conditions.
