Citizens Bank International Limited has published its unaudited financial results for the third quarter of FY 2082/83, showing strong profit growth alongside rising credit risk.

The bank reported a net profit of Rs. 1.30 Arba, marking a 35.82% increase compared to Rs. 96.18 Crores in the same period last year.

Despite the profit growth, net interest income declined by 1.48% to Rs. 4.68 Arba, while operating income rose by 3.06% to Rs. 6.16 Arba. The key driver behind profit growth was a significant reduction in impairment charges, which dropped from Rs. 2.16 Arba to Rs. 1.48 Arba.

However, the bank’s non-performing loan (NPL) ratio increased by 1.11 percentage points to 6.82%, indicating growing credit risk.

During the review period, the bank collected deposits worth Rs. 2.13 Kharba and extended loans of Rs. 1.69 Kharba. The paid-up capital stands at Rs. 15.50 Arba, while distributable profit remains negative at Rs. 50.44 Crores.

Earnings per share (EPS) improved to Rs. 11.23, and net worth per share reached Rs. 155.99.

Overall, while profitability has improved, the rising NPL ratio suggests increasing pressure on asset quality.