सिटिजन्स बैंकको असोज २०८३ को संक्षिप्त वित्तीय विवरणCitizens Bank Condensed Financial Statement for Ashwin 2083
- वर्ग:Category:
- Financial Analysis
- प्रकाशित मिति:Published:
- Published on November 1, 2026
Interim Financial Statements
Condensed Consolidated Statement of Financial Position
As on Quarter ended Ashwin 2083
| Particulars Group | This Quarter ending Group | Immediate Previous year ending Bank | This Quarter ending Bank | Immediate Previous year ending |
|---|---|---|---|---|
| Assets | ||||
| Cash And Cash Equivalent | 16,030,281,152 | 10,492,424,203 | 15,680,246,337 | |
| Due From Nepal Rastra Bank | 9,265,962,816 | 8,833,930,084 | 9,265,962,816 | |
| Placement With Bank And Financial Institutions | 8,087,461,503 | 7,110,463,362 | 8,087,461,503 | |
| Derivative Financial Instruments | 135,453,930 | - | 135,453,930 | - |
| Other Trading Assets | 544,733,787 | 484,572,804 | 397,617,848 | |
| Loans And Advances To B/FIs | 1,119,575,885 | 1,181,772,823 | 1,119,575,885 | |
| Loans And Advances To Customers | 175,611,408,259 | 170,291,413,791 | 175,611,408,259 | |
| Investment Securities | 54,779,355,451 | 58,234,700,889 | 54,689,163,520 | |
| Current Tax Assets | - | 183,455,622 | - | |
| Investment In Subsidiaries | - | - | 317,204,200 | |
| Investment In Associates | 181,675,300 | 181,675,300 | 389,197,826 | |
| Investment Property | 1,719,990,353 | 1,845,274,773 | 1,719,990,353 | |
| Property And Equipment | 4,146,962,220 | 4,129,553,827 | 4,123,345,069 | |
| Goodwill And Intangible Assets | 190,637,384 | 203,852,195 | 189,014,269 | |
| Deferred Tax Assets | 994,518,691 | 752,089,133 | 909,454,933 | |
| Other Assets | 4,922,565,354 | 5,204,989,191 | 4,494,213,255 | |
| Total Assets | 277,730,582,085 | 269,130,167,997 | 277,129,310,003 | |
| Liabilities | ||||
| Due To Bank And Financial Institutions | 1,713,166,403 | 2,086,589,311 | 1,713,166,403 | |
| Due To Nepal Rastra Bank | 596,710,907 | 596,710,907 | 596,710,907 | |
| Derivative Financial Instruments | - | 56,969,392 | - | |
| Deposits From Customers | 240,922,098,610 | 231,703,401,560 | 241,019,536,745 | |
| Borrowing | 276,041,000 | 294,829,000 | - | - |
| Current Tax Liabilities | 79,392,474 | - | 98,296,626 | - |
| Provisions | 5,306,626 | 5,306,626 | 5,306,626 | |
| Deferred Tax Liabilities | - | - | - | - |
| Other Liabilities | 3,637,900,144 | 3,915,593,246 | 3,200,764,027 | |
| Debt Securities Issued | 5,476,057,541 | 5,474,999,692 | 5,476,057,542 | |
| Subordinated Liabilities | - | - | - | - |
| Total Liabilities | 252,706,673,705 | 244,134,399,734 | 252,109,838,876 | |
| Equity | ||||
| Share Capital | 16,096,747,232 | 15,507,463,614 | 16,096,747,232 | |
| Share Premium | - | - | - | - |
| Retained Earnings | (370,469,435) | 728,894,261 | (448,415,408) | |
| Reserves | 9,205,199,179 | 8,657,006,534 | 9,371,139,303 | |
| Total Equity Attributable To Equity Holders | 24,931,476,976 | 24,893,364,409 | 25,019,471,127 | |
| Non-Controlling Interest | 92,431,404 | 102,403,854 | - | - |
| Total Equity | 25,023,908,380 | 24,995,768,263 | 25,019,471,127 | |
| Total Liabilities And Equity | 277,730,582,085 | 269,130,167,997 | 277,129,310,003 | |
Condensed Consolidated Statement of Profit or Loss
For the Quarter ended Ashwin 2083
Statement of Distributable Profit or Loss
| Amount in NPR | ||
| Net profit or (loss) as per statement of profit or loss | 107,703,269 | (220,411,171) |
| Appropriations: | ||
| a. General reserve | (21,540,654) | - |
| b. Foreign exchange fluctuation fund | (1,248,399) | (1,343,280) |
| c. Capital redemption reserve | (83,333,333) | (177,083,333) |
| d. Corporate social responsibility fund | 21,207,569 | 571,198 |
| e. Employees' training fund | (6,764,393) | (3,266,835) |
| f. Other | - | - |
| Profit or (loss) before regulatory adjustment | 16,024,059 | (401,533,421) |
| Regulatory adjustment : | ||
| a. Interest receivable (-)/previous accrued interest received (+) | (303,431,230) | (278,399,593) |
| b. Short loan loss provision in accounts (-)/reversal (+) | - | - |
| c. Short provision for possible losses on investment (-)/reversal (+) | - | - |
| d. Short loan loss provision on Non Banking Assets (-)/reversal (+) | 62,354,055 | (1,005,572) |
| e. Deferred tax assets recognised (-)/ reversal (+) | (235,181,115) | (533,251,913) |
| f. Goodwill recognised (-)/ impairment of Goodwill (+) | - | - |
| g. Bargain purchase gain recognised (-)/reversual (+) | - | - |
| h. Actuarial loss recognised (-)/reversal (+) | - | - |
| i. Other (+/-) | 2,534,034 | 21,243,423 |
| Net profit for the quarter ended Ashwin 2083 | (457,700,197) | (1,192,947,076) |
| Opening Retained Earnings as on Shrawan 2083 | 629,583,333 | 778,168,988 |
| Adjustment : | ||
| Distribution : | ||
| Bonus share issued | (589,283,617) | - |
| Cash Dividend Paid | (31,014,927) | - |
| Total Distributable Profit or (Loss) as on quarter ended Ashwin 2083 | (448,415,408) | (414,778,088) |
| Annualized Distributable Profit/Loss per share | - | - |
धितोपत्र दर्ता तथा निष्काशन नियमावली २०७३ को अनुसूची १४
(नियम २६ को उपनियम (१) सँग सम्बन्धित)
आ.व. २०८३/८४ को प्रथम त्रैमासिक प्रतिवेदन
१. वित्तीय विवरण
(क) त्रैमासिक अवधिको वासलात, नाफा-नोक्सान सम्बन्धी विवरण ।
यस बैंकको त्रैमासिक अवधिको वासलात, नाफा-नोक्सान सम्बन्धी विवरण यसै साथ प्रकाशित गरिएको छ ।
(ख) सम्बन्धित पक्ष
यस बैंकको सम्बन्धित पक्ष बीच भएको कारोबारको विवरण बैंकको Interim Financial Report मा समावेश गरिएको छ। बैंकको प्रथम त्रैमासको Interim Financial Report बैंकको website www.ctznbank.com मा हेर्न सकिन्छ ।
(ग) प्रमुख वित्तीय अनुपातहरू
प्रति शेयर आम्दानी रु.२.६८ प्रति शेयर कुल सम्पत्ति मूल्य रु.१७२।१६५
मूल्य आम्दानी अनुपात ८२।५७ तरलताको अनुपात ३१।५६
प्रति शेयर नेटवर्थ रु.१५५।४३
२. व्यवस्थापकीय विश्लेषण :
(क) बैंकको खुद ब्याज आम्दानी, खुद व्यापारिक आम्दानी तथा अन्य सञ्चालन आम्दानीमा केही कमी आउनुका साथै अन्य सञ्चालन खर्च र परिशोधन तथा ह्रास खर्चमा केही वृद्धि भए तापनि कर्मचारी खर्चमा आएको कमी, गैर सञ्चालन आम्दानी तथा खुद शुल्क तथा कमिसन आम्दानीमा केही वृद्धि र कर्जा नोक्सानी व्यवस्थामा आएको कमीका कारण गत आर्थिक वर्षको सोही त्रैमासको तुलनामा खुद नाफामा वृद्धि देखिएको छ ।
(ख) व्यवसाय विविधिकरण तथा गुणस्तरीय सेवा प्रदान गर्ने बैंकको उद्देश्य तथा स्थानीय तहका दुर्गम क्षेत्रमा खोलिएका शाखाका साथै शाखा रहित बैंकिङ्ग (Branch Less Banking), विस्तारित काउन्टर (Extension
Quarter Quarter (YTD) Quarter Quarter (YTD)
| Interest Income | 3,634,944,434 | 3,634,944,434 | 4,068,426,081 | 4,068,426,081 |
| Interest Expense | (2,093,902,231) | (2,093,902,231) | (2,400,111,626) | (2,400,111,626) |
| Net Interest Income | 1,541,042,203 | 1,541,042,203 | 1,668,314,455 | 1,668,314,455 |
| Fee And Commission Income | 435,639,505 | 435,639,505 | 414,073,969 | 414,073,969 |
| Fee And Commission Expense | (46,133,510) | (46,133,510) | (38,874,774) | (38,874,774) |
| Net Fee And Commission Income | 389,505,995 | 389,505,995 | 375,199,195 | 375,199,195 |
| Net Interest, Fee And Commission Income | 1,930,548,198 | 1,930,548,198 | 2,043,513,650 | 2,043,513,650 |
| Net Trading Income | 98,086,785 | 98,086,785 | 87,981,238 | 87,981,238 |
| Other Operating Income | 65,195,209 | 65,195,209 | 97,545,731 | 97,545,731 |
| Total Operating Income | 2,093,830,192 | 2,093,830,192 | 2,229,040,619 | 2,229,040,619 |
| Impairment (Charge)/Reversal For Loans And Other Losses | (1,078,520,591) | (1,078,520,591) | (1,737,494,243) | (1,737,494,243) |
| Net Operating Income | 1,015,309,601 | 1,015,309,601 | 491,546,376 | 491,546,376 |
| Operating Expense - | ||||
| Personnel Expenses | (502,985,751) | (502,985,751) | (525,829,219) | (525,829,219) |
| Other Operating Expenses | (285,252,039) | (285,252,039) | (232,929,643) | (232,929,643) |
| Depreciation & Amortisation | (106,638,003) | (106,638,003) | (103,822,061) | (103,822,061) |
| Operating Profit | 120,433,808 | 120,433,808 | (371,034,547) | (371,034,547) |
| Non Operating Income | 41,421,312 | 41,421,312 | 10,931,115 | 10,931,115 |
| Non Operating Expense | - | - | - | - |
| Profit Before Income Tax | 161,855,120 | 161,855,120 | (360,103,432) | (360,103,432) |
| Income Tax Expense - | ||||
| Current Tax | (284,543,093) | (284,543,093) | (397,720,175) | (397,720,175) |
| Deferred Tax | 234,843,595 | 234,843,595 | 538,109,983 | 538,109,983 |
| Profit (Loss) For The Period | 112,155,622 | 112,155,622 | (219,713,624) | (219,713,624) |
Condensed Consolidated Statement of Comprehensive Income -
| Profit (Loss) For The Period | 112,155,622 | 112,155,622 | (219,713,624) | (219,713,624) |
| Other Comprehensive income | (17,700,579) | (17,700,579) | (35,257,892) | (35,257,892) |
| Total Comprehensive Income | 94,455,043 | 94,455,043 | (254,971,516) | (254,971,516) |
| Profit Attributable To: - | ||||
| Equity Holders Of The Bank | 93,664,038 | 93,664,038 | (254,265,274) | (254,265,274) |
| Non-Controlling Interest | 791,005 | 791,005 | (706,242) | (706,242) |
| Total | 94,455,043 | 94,455,043 | (254,971,516) | (254,971,516) |
| Earnings Per Share - | ||||
| Basic Earnings Per Share | 2.79 | (5.95) | ||
| Diluted Earnings Per Share | 2.79 | (5.95) | ||
Ratios as per NRB Directives
Group
Particulars Current Year Previous Year Corresponding Current Year
Particulars This Quarter Upto This Quarter (YTD) This Quarter Upto This Quarter (YTD) This Quarter Upto This Quarter (YTD)
Capital fund to RWA 12.21% 12.45%
Tier 1 Capital to RWA 8.96% 8.68%
CET 1 Capital to RWA 8.96% 8.68%
Non-Performing loan (NPL) to Total Loan 6.80% 6.84%
Total Loan loss provision to Total NPL 87.90% 90.65%
Cost of Funds 3.15% 4.05%
Return on Equity 1.79% -3.86%
Return on Assets 0.16% -0.36%
Credit to Deposit Ratio 75.45% 81.90% 75.45%
Base Rate 4.87% 5.90% 4.87%
Interest Spread Rate 3.39% 3.79% 3.39%
Notes to the Interim Financial Statements
1. Above financials have been prepared in accordance with Nepal Accounting Standards comprising of Nepal Financial Reporting Standards and Nepal Accounting Standard.
2. All Lease contracts have been accounted for as per NFRS 16. Accordingly, Right of Use Assets and Lease Liabilities have been recognised along with Right of Use Assets being depreciated.
3. The Bank has prepared financial statements applying appropriate accounting judgement that are prudent and reasonable as having potential material impact on the financial statements with NFRS requirements and consistently applied in comparative period also.
4. Previous period figures have been regrouped/rearranged/restated wherever necessary which might vary from previous quarterly published figures.
5. Loans and Advances include accrued interest receivables and staff advances and are presented net of impairment loss.
6. Above financials have been prepared in accordance with Expected Credit Loss Related Guidelines issued by Nepal Rastra Bank.
7. Interest income has been recognized as per Guidance Note on Interest Income Recognition, 2025 issued by NRB.
8. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.
9. The detail interim report has been published in the Bank's website www.ctznbank.com
Related Party Disclosures
1. Group financial statement includes Citizens Bank International Limited (Parent Company), Citizens Capital Limited and Citizens Share Broker Limited (Subsidiary Companies).
2. All intra group transactions are conducted on arm's length basis.
3. An agreement has been entered between the Bank and the Subsidiary Companies to provide facilities like technical assistance, internal auditing, legal consulting, RTS Service.
4. All intra group transactions have been excluded in Group Financial Statement.
5. All transaction with Key Management Personnels (Directors and Executive Management staffs) are conducted as per Articles of Association and Employee Bylaws of the Bank.
Quarter (YTD) Quarter Quarter (YTD)
65,146 3,633,065,146 4,066,326,620 4,066,326,620
48,147) (2,091,548,147) (2,400,063,130) (2,400,063,130)
16,999 1,541,516,999 1,666,263,490 1,666,263,490
92,905 412,092,905 386,030,308 386,030,308
53,717) (43,253,717) (35,004,383) (35,004,383)
39,188 368,839,188 351,025,925 351,025,925
56,187 1,910,356,187 2,017,289,415 2,017,289,415
19,265 99,019,265 100,086,830 100,086,830
30,443 61,330,443 97,545,731 97,545,731
05,895 2,070,705,895 2,214,921,976 2,214,921,976
20,591) (1,078,520,591) (1,737,494,243) (1,737,494,243)
85,304 992,185,304 477,427,733 477,427,733
- - - -
92,846) (493,892,846) (517,949,858) (517,949,858)
00,669) (281,600,669) (228,902,833) (228,902,833)
83,552) (105,083,552) (102,430,039) (102,430,039)
08,237 111,608,237 (371,854,997) (371,854,997)
85,595 43,885,595 12,777,589 12,777,589
- - - -
93,832 155,493,832 (359,077,408) (359,077,408)
- - - -
71,678) (282,971,678) (394,585,676) (394,585,676)
81,115 235,181,115 533,251,913 533,251,913
03,269 107,703,269 (220,411,171) (220,411,171)
- - - -
03,269 107,703,269 (220,411,171) (220,411,171)
35,781) (49,535,781) (85,778,973) (85,778,972)
67,488 58,167,488 (306,190,144) (306,190,143)
- - - -
67,488 58,167,488 (306,190,144) (306,190,143)
- - - -
67,488 58,167,488 (306,190,144) (306,190,143)
2.68 - (5.97)
2.68 - (5.97)
Bank
nt Year Previous Year Corresponding
o This Quarter (YTD) This Quarter Upto This Quarter (YTD)
12.08% 12.31%
8.83% 8.53%
8.83% 8.53%
6.80% 6.84%
87.90% 90.65%
3.15% 4.05%
1.72% -3.87%
0.16% -0.36%
81.90%
5.90%
3.79%
Counter) र Digital सेवा सुविधाका विभिन्न माध्यमबाट ग्रामिण क्षेत्रमा बैंकिङ्ग पहुँच वृद्धि गर्दै लैजाने तथा ग्राहकमुखी नयाँ सेवा सुविधामा आवश्यकता अनुसार वृद्धि गर्ने र ग्राहक सेवा सुविधा अझ चुस्त दुरुस्त र स्तरीय बनाउँदै लगिने योजना रहेको छ ।
(ग) हालको विवरण अनुसार बैंकको मौज्दात, नाफा वा नगद प्रवाहमा तात्विक असर पार्न सक्ने अवस्था आदि रहेको छैन ।
३. कानुनी कारवाही सम्वन्धी विवरण :
(क) यस अवधिमा बैंकले वा बैंकको विरुद्ध कुनै मुद्दा दायर भएको भए :
यस अवधिमा बैंकको तर्फबाट ६ वटा मुद्दा दायर भएको छ । बैंकको विरुद्धमा ३८ थान मुद्दा दायर भएको अवस्था देखिन्छ ।
(ख) बैंकको संस्थापक वा संचालकले वा संस्थापक वा संचालकको विरुद्धमा प्रचलित नियमको अवज्ञा वा फौजदारी अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर गरेको वा भएको भए :
यस सम्बन्धमा कुनै जानकारी प्राप्त भएको छैन ।
(ग) कुनै संस्थापक वा संचालक विरुद्ध आर्थिक अपराध गरेको सम्बन्धमा कुनै मुद्दा दायर भएको भए :
यस सम्बन्धमा कुनै जानकारी प्राप्त भएको छैन ।
४. संगठित संस्थाको शेयर कारोबार सम्वन्धी विश्लेषण
(क) धितोपत्र बजारमा भएको बैंकको शेयरको कारोबार सम्बन्धमा व्यवस्थापनको धारणा:
देशको धितोपत्र बजारमा संगठित संस्थाहरुको शेयर कारोबारमा देखिएको उच्च उतार चढाव अनुसार गत त्रैमासको तुलनामा यस बैंकको शेयर कारोबारमा केही वृद्धि देखिएको छ ।
(ख) यस अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन तथा कारोबार संख्याः
यस अवधिको शेयरको अधिकतम, न्यूनतम, अन्तिम मूल्य, कारोबार भएको कुल दिन तथा कारोबार संख्याको विवरण देहाय बमोजिम रहेको छ :
अधिकतम मूल्य रु. २२५।०० कुल कारोबार शेयर संख्या ४,९७,५५३
न्यूनतम मूल्य रु. १९०।३० कुल कारोबार दिन ६१
मसान्तको अन्तिम मूल्य रु. २२१।०० कुल कारोबार संख्या १२,४१२
५. समस्या तथा चुनौती :
(क) आन्तरिक समस्या तथा चुनौती
बैंकको संचालन खर्च वृद्धि हुँदै जानु, नियामकीय आधार दर तथा प्रिमियम मापदण्डमा रहेर ब्याजदर अन्तर बढाई खुद व्याज आम्दानी बढाउने, आय विविधिकरण, कर्जाको गुणस्तर अभिवृद्धि र निष्कृय कर्जाको व्यवस्थापन, जोखिम भारित सम्पत्ति वृद्धिबाट संकुचित हुँदै गएको पूँजीकोष र लगानी क्षमता, उपयुक्त लगानीका क्षेत्र पहिचान, संचालन जोखिम व्यवस्थापन र सूचना प्रविधिमा हुने अन्तरनिहीत जोखिमहरुको पहिचान र व्यवस्थापन जस्ता आन्तरिक समस्या तथा चुनौती रहेको विद्यमान परिप्रेक्ष्यमा दीर्घकालिन रुपमा बैंकका समग्र सूचकहरुलाई सुधार गर्दै जाने कार्य चुनौतीपूर्ण रहेको छ ।
(ख) बाह्य समस्या तथा चुनौती
बढ्दो क्रममा रहेको निष्कृय कर्जा तथा कर्जा नोक्सानी व्यवस्था र त्यस्ता निष्कृय कर्जा असुलीमा देखिएका कानुनी र प्रक्रियागत जटिलताका कारण निष्कृय कर्जा व्यवस्थापन ज्यादै नै चुनौतीपूर्ण रहेको छ । यस्ता चुनौतीहरु रहेको अवस्थामा बैंकिङ्ग क्षेत्रमा तीव्र प्रतिस्पर्धा हुनु, बैंकिङ्ग क्षेत्रबाट दक्ष जनशक्तिको पलायन, सूचना प्रविधिमा क्षेत्रमा देखा परेका नयाँ किसिमका चुनौतीहरु, घर जग्गा कारोबारमा आएको शिथिलता, कर्जा असुलीका कानुनी तथा सामाजिक जटिलता लगायत प्रमुख बाह्य समस्या हुन् । यस्ता समस्या विद्यमान रहेको अवस्थामा बैंकको कारोबार दिगो रुपमा विस्तार गरी सम्पत्तिको गुणस्तर कायम राखि लगानीकर्तालाई उचित प्रतिफल दिने कार्य चुनौतीपूर्ण रहेको छ ।
(ग) रणनीति
बैंकले ग्रामीण तथा दुर्गम क्षेत्र र बैंकिङ्ग सेवाबाट बञ्चित व्यक्ति तथा संघ-संस्थालाई बैंकको दायरामा ल्याई निक्षेप परिचालन बढाउनुका साथै बैंकका अन्य सेवाहरुको आक्रामक रुपमा बजारीकरण गर्दै व्यवसाय विस्तारमा लाग्ने, आधुनिक प्रविधि तथा सफ्टवेयर प्रयोग गरी प्रत्यक्ष रुपमा ग्राहक बैंक समक्ष प्रस्तुत हुन नपर्ने गरी बैंकिङ्ग सुविधा प्रदान गर्ने, समय सापेक्ष प्रविधिमा आधारित नयाँ सेवाहरुको विकास गर्ने, विभिन्न व्यवसायिक संघ-संस्था लगायत व्यक्तिगत ग्राहकहरुसँगको सम्वन्ध सुमधुर बनाउनका लागि छिटो एवं छरितो तवरले ग्राहकमुखी सेवाहरु उपलब्ध गराउने, बैंकको समग्र जोखिम व्यवस्थापनको आधारभूत पक्षहरुलाई मजबुत बनाई उल्लिखित चुनौतीको समाधान गर्न र बैंकको आन्तरिक कार्य प्रणाली संचालित तथा कागज रहित बनाई खर्च मितव्ययिता मार्फत निर्धारित लक्ष्य प्राप्त गर्ने तथा ग्राहक सेवा सुविधा चुस्त दुरुस्त बनाउने रणनीति अवलम्बन गरेको छ । साथै बैंकले निष्कृय कर्जा तथा पाकेको व्याज तथा कर्जाको भाका नाघेका ऋणीहरु लगायत गैर बैंकिङ्ग सम्पत्तिको उचित व्यवस्थापन गरी वितरणयोग्य मुनाफा वृद्धि गर्ने नीति पनि लिएको छ ।
६. संस्थागत सुशासन :
(क) संस्थागत सुशासन अभिवृद्धिको लागि बैंकले आन्तरिक नियन्त्रण प्रणाली मजबुत बनाउन तथा व्यवस्थित गर्न अनुपालन विभाग तथा सुशासन इकाईको व्यवस्था गरिएको तथा लेखापरीक्षक तथा नियमनकारी निकायबाट दिइएका सुझाव तथा निर्देशनहरु व्यवस्थापन मार्फत कार्यान्वयन गराउन सदैव क्रियाशील रहेको छ ।
(ख) बैंकको समग्र जोखिम व्यवस्थापन कार्यलाई मजबुत पार्न, वर्तमान परिप्रेक्ष्यमा समग्र बजारमा देखापरेको IT Risk विश्लेषण गरी व्यवस्थापन गर्न, संचालन जोखिम कम गर्न तथा आन्तरिक प्रक्रियाहरुलाई व्यवस्थित गर्न जोखिम व्यवस्थापन समिति गठन गरिएको छ । बैंकको काम कारबाहीमा नियमितता, मितव्ययिता, कार्यदक्षता, प्रभावकारिता, औचित्यता जस्ता कुराहरु भए नभएको बारे समिक्षा गरी आवश्यक राय सुझाव दिन लेखापरीक्षण समिति गठन गरिएको छ । बैंकको समग्र अनुपालनका अवस्था विश्लेषण गर्न, ग्राहकको जोखिम स्तर निर्धारण गरी देखा परेका कमी कमजोरीको समाधान गर्न उपयुक्त निर्देशन दिने कार्य गर्न सम्पत्ति शुद्धीकरण निवारण समितिको गठन गरिएको छ । कर्जा जोखिमको अनुगमन तथा विश्लेषणलाई जोखिम व्यवस्थापन समिति अन्तर्गत रहने गरी छुट्टै विभागबाट हेर्ने व्यवस्था मिलाई बजार व्यवस्थापनको कार्यबाट छुट्ट्याइएको छ । साथै विभिन्न विभागहरुसँग सम्बन्धित कार्य संचालनलाई व्यवस्थित गर्न आन्तरिक नीति, नियम तथा निर्देशिकाहरु जारी गरी लागू गरिएको छ । निर्णय प्रक्रियालाई छिटोछरितो तथा चुस्त बनाउन व्यवस्थापन तहमा व्यवस्थापन समिति (Executive Committee), सम्पत्ति दायित्व व्यवस्थापन समिति (ALCO), IT Steering Committee लगायतका विभिन्न समितिहरु क्रियाशील रहेका छन् ।
(ग) बैंक संचालक समिति तथा व्यवस्थापन आफ्ना शेयरधनीहरु, सर्वसाधारण निक्षेपकर्ताहरु लगायत सम्पूर्ण सरोकारवालाहरुको हितको संरक्षण तथा संस्थागत सुशासन प्रति सदैव सजग तथा प्रतिबद्ध रहेको छ ।
७. सत्य, तथ्य सम्बन्धमा कार्यकारी प्रमुखको उद्घोषण :
आजको मितिसम्म यस प्रतिवेदनमा उल्लेखित जानकारी तथा विवरणहरुको शुद्धता सम्बन्धमा म व्यक्तिगत रुपमा उत्तरदायित्व लिन्छु । साथै म यो उद्घोष गर्दछु कि मेरो जाने बुझेसम्म यस प्रतिवेदनमा उल्लेखित विवरणहरु सत्य, तथ्य र पूर्ण छन् र लगानीकर्ताहरुलाई सुसूचित निर्णय लिन आवश्यक कुनै विवरण, सूचना तथा जानकारीहरु लुकाइएको छैन ।
प्रमुख कार्यकारी अधिकृत
Interim Financial Statements
Condensed Consolidated Statement of Financial Position
As on Quarter ended Ashwin 2083
| Particulars Group | This Quarter ending Group | Immediate Previous year ending Bank | This Quarter ending Bank | Immediate Previous year ending |
|---|---|---|---|---|
| Assets | ||||
| Cash And Cash Equivalent | 16,030,281,152 | 10,492,424,203 | 15,680,246,337 | |
| Due From Nepal Rastra Bank | 9,265,962,816 | 8,833,930,084 | 9,265,962,816 | |
| Placement With Bank And Financial Institutions | 8,087,461,503 | 7,110,463,362 | 8,087,461,503 | |
| Derivative Financial Instruments | 135,453,930 | - | 135,453,930 | - |
| Other Trading Assets | 544,733,787 | 484,572,804 | 397,617,848 | |
| Loans And Advances To B/FIs | 1,119,575,885 | 1,181,772,823 | 1,119,575,885 | |
| Loans And Advances To Customers | 175,611,408,259 | 170,291,413,791 | 175,611,408,259 | |
| Investment Securities | 54,779,355,451 | 58,234,700,889 | 54,689,163,520 | |
| Current Tax Assets | - | 183,455,622 | - | |
| Investment In Subsidiaries | - | - | 317,204,200 | |
| Investment In Associates | 181,675,300 | 181,675,300 | 389,197,826 | |
| Investment Property | 1,719,990,353 | 1,845,274,773 | 1,719,990,353 | |
| Property And Equipment | 4,146,962,220 | 4,129,553,827 | 4,123,345,069 | |
| Goodwill And Intangible Assets | 190,637,384 | 203,852,195 | 189,014,269 | |
| Deferred Tax Assets | 994,518,691 | 752,089,133 | 909,454,933 | |
| Other Assets | 4,922,565,354 | 5,204,989,191 | 4,494,213,255 | |
| Total Assets | 277,730,582,085 | 269,130,167,997 | 277,129,310,003 | |
| Liabilities | ||||
| Due To Bank And Financial Institutions | 1,713,166,403 | 2,086,589,311 | 1,713,166,403 | |
| Due To Nepal Rastra Bank | 596,710,907 | 596,710,907 | 596,710,907 | |
| Derivative Financial Instruments | - | 56,969,392 | - | |
| Deposits From Customers | 240,922,098,610 | 231,703,401,560 | 241,019,536,745 | |
| Borrowing | 276,041,000 | 294,829,000 | - | - |
| Current Tax Liabilities | 79,392,474 | - | 98,296,626 | - |
| Provisions | 5,306,626 | 5,306,626 | 5,306,626 | |
| Deferred Tax Liabilities | - | - | - | - |
| Other Liabilities | 3,637,900,144 | 3,915,593,246 | 3,200,764,027 | |
| Debt Securities Issued | 5,476,057,541 | 5,474,999,692 | 5,476,057,542 | |
| Subordinated Liabilities | - | - | - | - |
| Total Liabilities | 252,706,673,705 | 244,134,399,734 | 252,109,838,876 | |
| Equity | ||||
| Share Capital | 16,096,747,232 | 15,507,463,614 | 16,096,747,232 | |
| Share Premium | - | - | - | - |
| Retained Earnings | (370,469,435) | 728,894,261 | (448,415,408) | |
| Reserves | 9,205,199,179 | 8,657,006,534 | 9,371,139,303 | |
| Total Equity Attributable To Equity Holders | 24,931,476,976 | 24,893,364,409 | 25,019,471,127 | |
| Non-Controlling Interest | 92,431,404 | 102,403,854 | - | - |
| Total Equity | 25,023,908,380 | 24,995,768,263 | 25,019,471,127 | |
| Total Liabilities And Equity | 277,730,582,085 | 269,130,167,997 | 277,129,310,003 | |
Condensed Consolidated Statement of Profit or Loss
For the Quarter ended Ashwin 2083
Statement of Distributable Profit or Loss
| Amount in NPR | ||
| Net profit or (loss) as per statement of profit or loss | 107,703,269 | (220,411,171) |
| Appropriations: | ||
| a. General reserve | (21,540,654) | - |
| b. Foreign exchange fluctuation fund | (1,248,399) | (1,343,280) |
| c. Capital redemption reserve | (83,333,333) | (177,083,333) |
| d. Corporate social responsibility fund | 21,207,569 | 571,198 |
| e. Employees' training fund | (6,764,393) | (3,266,835) |
| f. Other | - | - |
| Profit or (loss) before regulatory adjustment | 16,024,059 | (401,533,421) |
| Regulatory adjustment : | ||
| a. Interest receivable (-)/previous accrued interest received (+) | (303,431,230) | (278,399,593) |
| b. Short loan loss provision in accounts (-)/reversal (+) | - | - |
| c. Short provision for possible losses on investment (-)/reversal (+) | - | - |
| d. Short loan loss provision on Non Banking Assets (-)/reversal (+) | 62,354,055 | (1,005,572) |
| e. Deferred tax assets recognised (-)/ reversal (+) | (235,181,115) | (533,251,913) |
| f. Goodwill recognised (-)/ impairment of Goodwill (+) | - | - |
| g. Bargain purchase gain recognised (-)/reversual (+) | - | - |
| h. Actuarial loss recognised (-)/reversal (+) | - | - |
| i. Other (+/-) | 2,534,034 | 21,243,423 |
| Net profit for the quarter ended Ashwin 2083 | (457,700,197) | (1,192,947,076) |
| Opening Retained Earnings as on Shrawan 2083 | 629,583,333 | 778,168,988 |
| Adjustment : | ||
| Distribution : | ||
| Bonus share issued | (589,283,617) | - |
| Cash Dividend Paid | (31,014,927) | - |
| Total Distributable Profit or (Loss) as on quarter ended Ashwin 2083 | (448,415,408) | (414,778,088) |
| Annualized Distributable Profit/Loss per share | - | - |
Schedule 14 of Securities Registration and Issue Regulations, 2073
(Related to Sub-regulation (1) of Regulation 26)
First Quarterly Report of F.Y. 2083/84
1. Financial Statements
(a) Balance sheet, profit and loss statement of the quarterly period.
The balance sheet and profit and loss statement of this quarterly period of the bank has been published herewith.
(b) Related party
The details of transactions conducted between related parties of this bank are included in the bank's Interim Financial Report. The bank's first quarter Interim Financial Report can be viewed on the bank's website www.ctznbank.com.
(c) Major Financial Ratios
Earnings per share Rs. 2.68 Net assets value per share Rs. 172।165
Price earnings ratio 82।57 Liquidity ratio 31।56
Net worth per share Rs. 155।43
2. Management Analysis :
(a) Although there was some decline in the bank's net interest income, net trading income, and other operating income, and some increase in other operating expenses, amortization, and depreciation expenses, an increase in net profit is seen compared to the corresponding quarter of the previous fiscal year due to a decrease in employee expenses, an increase in non-operating income, net fee and commission income, and a reduction in loan loss provision.
(b) With the objective of diversifying business and providing quality service, along with branches opened in remote areas of local levels, Branchless Banking, Extension Counters
Quarter Quarter (YTD) Quarter Quarter (YTD)
| Interest Income | 3,634,944,434 | 3,634,944,434 | 4,068,426,081 | 4,068,426,081 |
| Interest Expense | (2,093,902,231) | (2,093,902,231) | (2,400,111,626) | (2,400,111,626) |
| Net Interest Income | 1,541,042,203 | 1,541,042,203 | 1,668,314,455 | 1,668,314,455 |
| Fee And Commission Income | 435,639,505 | 435,639,505 | 414,073,969 | 414,073,969 |
| Fee And Commission Expense | (46,133,510) | (46,133,510) | (38,874,774) | (38,874,774) |
| Net Fee And Commission Income | 389,505,995 | 389,505,995 | 375,199,195 | 375,199,195 |
| Net Interest, Fee And Commission Income | 1,930,548,198 | 1,930,548,198 | 2,043,513,650 | 2,043,513,650 |
| Net Trading Income | 98,086,785 | 98,086,785 | 87,981,238 | 87,981,238 |
| Other Operating Income | 65,195,209 | 65,195,209 | 97,545,731 | 97,545,731 |
| Total Operating Income | 2,093,830,192 | 2,093,830,192 | 2,229,040,619 | 2,229,040,619 |
| Impairment (Charge)/Reversal For Loans And Other Losses | (1,078,520,591) | (1,078,520,591) | (1,737,494,243) | (1,737,494,243) |
| Net Operating Income | 1,015,309,601 | 1,015,309,601 | 491,546,376 | 491,546,376 |
| Operating Expense - | ||||
| Personnel Expenses | (502,985,751) | (502,985,751) | (525,829,219) | (525,829,219) |
| Other Operating Expenses | (285,252,039) | (285,252,039) | (232,929,643) | (232,929,643) |
| Depreciation & Amortisation | (106,638,003) | (106,638,003) | (103,822,061) | (103,822,061) |
| Operating Profit | 120,433,808 | 120,433,808 | (371,034,547) | (371,034,547) |
| Non Operating Income | 41,421,312 | 41,421,312 | 10,931,115 | 10,931,115 |
| Non Operating Expense | - | - | - | - |
| Profit Before Income Tax | 161,855,120 | 161,855,120 | (360,103,432) | (360,103,432) |
| Income Tax Expense - | ||||
| Current Tax | (284,543,093) | (284,543,093) | (397,720,175) | (397,720,175) |
| Deferred Tax | 234,843,595 | 234,843,595 | 538,109,983 | 538,109,983 |
| Profit (Loss) For The Period | 112,155,622 | 112,155,622 | (219,713,624) | (219,713,624) |
Condensed Consolidated Statement of Comprehensive Income -
| Profit (Loss) For The Period | 112,155,622 | 112,155,622 | (219,713,624) | (219,713,624) |
| Other Comprehensive income | (17,700,579) | (17,700,579) | (35,257,892) | (35,257,892) |
| Total Comprehensive Income | 94,455,043 | 94,455,043 | (254,971,516) | (254,971,516) |
| Profit Attributable To: - | ||||
| Equity Holders Of The Bank | 93,664,038 | 93,664,038 | (254,265,274) | (254,265,274) |
| Non-Controlling Interest | 791,005 | 791,005 | (706,242) | (706,242) |
| Total | 94,455,043 | 94,455,043 | (254,971,516) | (254,971,516) |
| Earnings Per Share - | ||||
| Basic Earnings Per Share | 2.79 | (5.95) | ||
| Diluted Earnings Per Share | 2.79 | (5.95) | ||
Ratios as per NRB Directives
Group
Particulars Current Year Previous Year Corresponding Current Year
Particulars This Quarter Upto This Quarter (YTD) This Quarter Upto This Quarter (YTD) This Quarter Upto This Quarter (YTD)
Capital fund to RWA 12.21% 12.45%
Tier 1 Capital to RWA 8.96% 8.68%
CET 1 Capital to RWA 8.96% 8.68%
Non-Performing loan (NPL) to Total Loan 6.80% 6.84%
Total Loan loss provision to Total NPL 87.90% 90.65%
Cost of Funds 3.15% 4.05%
Return on Equity 1.79% -3.86%
Return on Assets 0.16% -0.36%
Credit to Deposit Ratio 75.45% 81.90% 75.45%
Base Rate 4.87% 5.90% 4.87%
Interest Spread Rate 3.39% 3.79% 3.39%
Notes to the Interim Financial Statements
1. Above financials have been prepared in accordance with Nepal Accounting Standards comprising of Nepal Financial Reporting Standards and Nepal Accounting Standard.
2. All Lease contracts have been accounted for as per NFRS 16. Accordingly, Right of Use Assets and Lease Liabilities have been recognised along with Right of Use Assets being depreciated.
3. The Bank has prepared financial statements applying appropriate accounting judgement that are prudent and reasonable as having potential material impact on the financial statements with NFRS requirements and consistently applied in comparative period also.
4. Previous period figures have been regrouped/rearranged/restated wherever necessary which might vary from previous quarterly published figures.
5. Loans and Advances include accrued interest receivables and staff advances and are presented net of impairment loss.
6. Above financials have been prepared in accordance with Expected Credit Loss Related Guidelines issued by Nepal Rastra Bank.
7. Interest income has been recognized as per Guidance Note on Interest Income Recognition, 2025 issued by NRB.
8. Above figures are subject to change upon otherwise instructions of Statutory Auditor and/or Regulatory Authorities.
9. The detail interim report has been published in the Bank's website www.ctznbank.com
Related Party Disclosures
1. Group financial statement includes Citizens Bank International Limited (Parent Company), Citizens Capital Limited and Citizens Share Broker Limited (Subsidiary Companies).
2. All intra group transactions are conducted on arm's length basis.
3. An agreement has been entered between the Bank and the Subsidiary Companies to provide facilities like technical assistance, internal auditing, legal consulting, RTS Service.
4. All intra group transactions have been excluded in Group Financial Statement.
5. All transaction with Key Management Personnels (Directors and Executive Management staffs) are conducted as per Articles of Association and Employee Bylaws of the Bank.
Quarter (YTD) Quarter Quarter (YTD)
65,146 3,633,065,146 4,066,326,620 4,066,326,620
48,147) (2,091,548,147) (2,400,063,130) (2,400,063,130)
16,999 1,541,516,999 1,666,263,490 1,666,263,490
92,905 412,092,905 386,030,308 386,030,308
53,717) (43,253,717) (35,004,383) (35,004,383)
39,188 368,839,188 351,025,925 351,025,925
56,187 1,910,356,187 2,017,289,415 2,017,289,415
19,265 99,019,265 100,086,830 100,086,830
30,443 61,330,443 97,545,731 97,545,731
05,895 2,070,705,895 2,214,921,976 2,214,921,976
20,591) (1,078,520,591) (1,737,494,243) (1,737,494,243)
85,304 992,185,304 477,427,733 477,427,733
- - - -
92,846) (493,892,846) (517,949,858) (517,949,858)
00,669) (281,600,669) (228,902,833) (228,902,833)
83,552) (105,083,552) (102,430,039) (102,430,039)
08,237 111,608,237 (371,854,997) (371,854,997)
85,595 43,885,595 12,777,589 12,777,589
- - - -
93,832 155,493,832 (359,077,408) (359,077,408)
- - - -
71,678) (282,971,678) (394,585,676) (394,585,676)
81,115 235,181,115 533,251,913 533,251,913
03,269 107,703,269 (220,411,171) (220,411,171)
- - - -
03,269 107,703,269 (220,411,171) (220,411,171)
35,781) (49,535,781) (85,778,973) (85,778,972)
67,488 58,167,488 (306,190,144) (306,190,143)
- - - -
67,488 58,167,488 (306,190,144) (306,190,143)
- - - -
67,488 58,167,488 (306,190,144) (306,190,143)
2.68 - (5.97)
2.68 - (5.97)
Bank
nt Year Previous Year Corresponding
o This Quarter (YTD) This Quarter Upto This Quarter (YTD)
12.08% 12.31%
8.83% 8.53%
8.83% 8.53%
6.80% 6.84%
87.90% 90.65%
3.15% 4.05%
1.72% -3.87%
0.16% -0.36%
81.90%
5.90%
3.79%
Counter) and Digital services through various mediums to increase banking access in rural areas and expand customer-oriented new services as needed, while making customer services more agile, efficient, and quality-driven.
(c) As per the current details, there are no conditions that could materially affect the Bank's liquidity, profit, or cash flow.
3. Details Regarding Legal Proceedings:
(a) If any lawsuit has been filed by or against the Bank during this period:
During this period, 6 lawsuits have been filed on behalf of the Bank. There appear to be 38 lawsuits filed against the Bank.
(b) If any lawsuit has been filed regarding non-compliance with prevalent rules or criminal offenses by or against the promoters or directors of the Bank:
No information has been received in this regard.
(c) If any lawsuit has been filed regarding economic crimes against any promoter or director:
No information has been received in this regard.
4. Analysis Regarding Share Transactions of the Organized Institution
(a) Management's view regarding the share transactions of the Bank in the securities market:
In line with the high volatility observed in the share trading of organized institutions in the country's securities market, a slight increase has been observed in the trading of this Bank's shares compared to the previous quarter.
(b) Maximum, minimum, closing price, total trading days, and total number of transactions of the shares during this period:
Details of the maximum, minimum, closing price, total trading days, and total transaction number of the shares during this period are as follows:
Maximum Price Rs. 225।00 Total Traded Share Quantity 4,97,553
Minimum Price Rs. 190।30 Total Trading Days 61
Quarter-end Closing Price Rs. 221।00 Total Number of Transactions 12,412
5. Problems and Challenges:
(a) Internal Problems and Challenges
Increasing operating costs of the bank, increasing net interest income by widening interest rate spreads within regulatory base rates and premium standards, income diversification, improving credit quality and managing non-performing loans, capital adequacy and investment capacity getting constrained by increased risk-weighted assets, identifying appropriate investment areas, identifying and managing operational risks and inherent risks in information technology—in light of these existing internal problems and challenges, improving the Bank's overall indicators in the long run remains a challenging task.
(b) External Problems and Challenges
Increasing non-performing loans and loan loss provisions, along with legal and procedural complexities in recovering such non-performing loans, make non-performing loan management extremely challenging. Under such conditions, intense competition in the banking sector, migration of skilled manpower from the banking sector, new challenges appearing in information technology, slowdown in real estate business, legal and social complexities in loan recovery are the major external problems. Under these existing problems, sustainably expanding the Bank's business, maintaining asset quality, and providing reasonable returns to investors remain challenging tasks.
(c) Strategy
To address the above challenges and increase distributable profit by proper management of non-performing loans, accrued interest, overdue borrowers, and non-banking assets, the Bank has adopted strategies to: bring rural and remote areas as well as unbanked individuals and institutions into the banking fold to increase deposit mobilization; aggressively market other bank services to expand business; use modern technology and software to provide banking facilities without customers needing to present themselves physically at the bank; develop new technology-based services in a timely manner; provide quick and efficient customer-oriented services to foster sweet relationships with various business associations and individual customers; strengthen basic aspects of the Bank's overall risk management; operate the Bank's internal work systems paperlessly to achieve set targets through cost economy; and make customer service facilities prompt and orderly.
6. Corporate Governance:
(a) To enhance corporate governance, the Bank continuously strives to strengthen and systematically arrange its internal control system through a dedicated Compliance Department and Governance Unit, and to implement suggestions and directives provided by auditors and regulatory bodies through management.
(b) To strengthen overall risk management of the Bank, analyze and manage IT Risk emerging in the overall market context, reduce operational risk, and streamline internal processes, a Risk Management Committee has been formed. An Audit Committee has been established to review and provide necessary opinions/suggestions on whether regularity, economy, efficiency, effectiveness, and propriety are maintained in Bank actions. An Anti-Money Laundering Committee has been formed to analyze the overall compliance status of the Bank, determine customer risk levels, and issue appropriate directives to address identified shortcomings. Credit risk monitoring and analysis are handled by a separate department under the Risk Management Committee, separated from market management activities. Furthermore, internal policies, rules, and guidelines related to various departments have been issued and implemented to systematically manage operations. To make the decision-making process quick, efficient, and streamlined, various committees operate at the management level, including the Management Committee (Executive Committee), Asset Liability Management Committee (ALCO), and IT Steering Committee.
(c) The Board of Directors and Management of the Bank are always vigilant and committed to protecting the interests of all stakeholders, including shareholders and general depositors, as well as maintaining corporate governance.
7. Executive Chief's Declaration on Truth and Facts:
I personally take responsibility for the accuracy of the information and details mentioned in this report as of today's date. I also declare that to the best of my knowledge and belief, the details mentioned in this report are true, factual, and complete, and no details, information, or facts necessary for investors to make informed decisions have been concealed.
Chief Executive Officer