The bank has earned net profit of Rs 1.51 billion in the review period. The net profit increased by 23.36 percent compared to the Rs 1.22 billion of the corresponding period of the last FY.
Although the bank logged decline in net interest income, decrease in impairment charge pulled up its net profit.
In the review period, its net interest income decreased by 14.22 percent while its net fee and commission income increased by 21.14 percent. in the meantime, its impairment charges declined to Rs 1.07 billion from Rs 1.78 billion which rose operating profit by 19.40 percent, resulting, increase in its net profit.
The bank maintained EPS of Rs 16.74, P/E ratio of 15.71 times and net worth per share of Rs 174.20. the bank logged distributable profit of Rs 1.91 billion.
The bank with paid-up capital of Rs 36.12 billion rose its reserve fund by 7.84 percent. The bank’s deposit collection increased by 5.23 percent and loans and borrowing by 7.55 percent.
