Citizens Bank recovers bad debt worth Rs 403.2 million

April 23: Citizens Bank International Limited has succeeded to recover bad debt of Rs 403.2 million during the third quarter of the ongoing fiscal year. The bank said it also earned profit of Rs 1 billion during the period which is 14 percent higher compared to the correspondence period of last year.

The paid-up capital of Citizens Bank has increased by 36 percent and is  Rs 8.3 billion.

Bank with deposit portfolio of Rs 60.25 billion has a loan portfolio of Rs 55.82 billion.

Similarly, the bank said it has invested Rs 10.48 billion till third quarter of the current FY.