In the second quarter, the bank earned net profit of Rs 1.51 billion which is 0.98 percent growth compared to Rs 1.50 billion of the corresponding period of the last FY.
Although the bank logged a decline in net interest income, decline in impairment charge helped to raise the net profit.
During the period, its net interest income declined by 10.04 percent and net fee and commission income by 13.12 percent. similarly, its total operating income decreased by 8.03 percent.
In the review period, its impairment charge declined to Rs 184.6 million from Rs 1.94 billion which raised operating profit by 41.22 percent.
In the review period, the bank logged distributable loss of Rs 3.95 billion. The bank with Rs 21.65 billion in paid-up capital has reserve fund of Rs 16.48 billion. The bank collected deposit of Rs 298 billion and extended loans of Rs 230 billion.
Along with net profit, its EPS increased by 0.14 to Rs 14.03. The bank has net worth per share of Rs 176.11 and P/E ratio of 16.68 times.
