In the review period, the bank earned net profit of Rs 2.35 billion which is 45.61 percent growth compared to Rs 1.37 billion of the corresponding period of the last FY.
Increase in net interest income and decline in impairment charge helped to raise the net profit.
During the period, its net interest income increased by 13.72 percent and net fee and commission income by 17.38 percent. Similarly, its total operating income increased by 14.28 percent.
In the review period, its impairment charge declined to Rs 344.7 million from Rs 957.6 million which raised operating profit by 51.42 percent.
Along with net profit, its EPS increased by 6.84 to Rs 21.82. The bank has net worth per share of Rs 169.10 and P/E ratio of 10.95 times. In the review period, the bank logged distributable profit of Rs 1.33 billion.
The bank with Rs 18.36 billion in paid-up capital has reserve fund of Rs 12.69 billion. The bank collected deposit of Rs 246 billion and extended loans of Rs 2.18 billion.
