The bank earned net profit of Rs 1.28 billion in the review period. The net profit increased by 11.75 percent compared to the Rs 1.15 billion of the corresponding period of the last FY.
Increase in net interest income and operating profit can be attributed to the increase in its net profit.
In the review period, its net interest income increased by 16.67 percent while its net fee and commission income increased by 7.87 percent. Similarly, its total operating income increased by 18.74 percent and operating profit by 11.15 percent.
The bank maintained EPS of Rs 26.53, P/E ratio of 11.20 times and net worth per share of Rs 166.11. The bank logged distributable profit of Rs 2.73 billion during the period.
The bank with paid-up capital of Rs 19.40 billion increased its reserve fund by 11.28 percent. The bank’s deposit collection increased by 5 percent and loan extension by 3.92 percent.
