Citizens Bank Rebounds in Q1: Turns Around NPR 220 Million Loss to NPR 107.7 Million Net Profit

2nd November 2026, Kathmandu

Citizens Bank International Limited has published its unverified financial statement for the first quarter of the fiscal year 2083/84 (ending Mid-October 2026), posting a turnaround in overall profitability and asset quality indicators.

Citizens Bank Rebounds in Q1

The bank recorded a net profit of NPR 107.70 million during the review period, reversing a net loss of NPR 220.41 million suffered in the corresponding period of the previous fiscal year.

Net Profit and Operational Performance Turnaround

The strong earnings recovery was supported by asset quality management and lower overall provision charges, reversing prior operating losses into net positive territory.

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• Net Profit: Reached NPR 107.70 million, turning around from a net loss of NPR 220.41 million in Q1 FY 2082/83.
• Net Interest Income: Stood at NPR 1.54 billion for the first quarter.
• Gross Interest Income: Contracted by 10.65 percent to NPR 3.63 billion, compared to NPR 4.07 billion in the baseline quarter.
• Impairment Charges: Stood at NPR 1.08 billion for the review period.
• Operating Expenses: Recorded at NPR 863.30 million.

Deposit Mobilization, Lending Expansion, and Reserve Base

The commercial lender expanded both deposit collection and loan disbursements over the baseline quarter.

• Total Deposit Mobilization: Increased by 12.78 percent to NPR 242.73 billion, up from the baseline period.
• Total Credit and Advances: Expanded by 4.21 percent to reach NPR 183.50 billion.
• Retained Earnings: Recorded at NPR 448.42 million.
• Distributable Profit: Stood at negative NPR 457.70 million.

Asset Quality Metrics and Key Financial Ratios

Improvement in non-performing loan recovery contributed significantly to turning per-share metrics back to positive figures.

• Non-Performing Loan (NPL) Ratio: Improved to 5.78 percent, down from 6.84 percent in Q1 of the previous fiscal year.
• Earnings Per Share (EPS): Turned positive to NPR 14.18, rebounding from a negative NPR 5.97 in the baseline quarter.

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