As per the report, the bank managed to raise both net profit and EPS during the period.
In the review period, the bank earned net profit of Rs 603.2 million which is 66.93 percent growth compared to Rs 361.3 million of the corresponding period of the previous FY.
Although the bank increased its net interest income nominally, decline in impairment charges helped to boost its net profit.
During the period, the bank raised its net interest income by 2.78 percent, net fee and commission income by 11.42 percent. similarly, its total operating income increased by 7.08 percent and operating profit by 53.08 percent. meanwhile, its impairment charges declined to Rs 304 million from previously Rs 522.6 million.
Along with net profit its EPS increased by Rs 7.37 to Rs 18.38. It logged P/E ratio of 22.63 times and net worth per share of Rs 164.48.
The bank has distributable income of Rs 302.9 million.
The bank with Rs 3.28 billion in paid-up capital has reserve fund of Rs 2.11 billion. By the period, the bank collected deposit of Rs 596.7 billion and extended loan of Rs 45.94 billion.
