In the review period, the bank earned net profit of Rs 2.07 billion which is 21.11 percent growth compared to Rs 1.71 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 19.11 percent and net fee and commission income by 14.46 percent. Similarly, its total operating income increased by 17.69 percent.
In the review period, its impairment charge declined to Rs 349.5 million from Rs 432.3 million which raised operating profit by 26.97 percent.
Along with net profit, its EPS increased by 2.94 to Rs 32.06. The bank has net worth per share of Rs 225.79 and P/E ratio of 18.12 times. In the review period, the bank logged distributable profit of Rs 2.71 billion.
The bank with Rs 12.94 billion in paid-up capital has reserve fund of Rs 16.28 billion. The bank collected deposit of Rs 250 billion and extended loans of Rs 208 billion.
