In the review period, the bank earned net profit of Rs 3.05 billion which is 49.51 percent growth compared to Rs 2.04 billion of the corresponding period of the last FY.
Although the bank logged decrease in net interest income, decline in impairment charge helped to raise the net profit.
During the period, its net interest income decreased by 8.09 percent and net fee and commission income increase by 17.34 percent. Similarly, its total operating income decreased by 4.41 percent.
In the review period, its impairment charge declined to Rs 2.20 billion from Rs 4.13 billion which raised operating profit by 47.88 percent.
Along with net profit, its EPS increased by 4.71 to Rs 16.02. The bank has net worth per share of Rs 169.58 and P/E ratio of 13.86 times. In the review period, the bank logged distributable profit of Rs 2.64 billion.
The bank with Rs 38.11 billion in paid-up capital has reserve fund of Rs 26.52 billion. The bank collected deposit of Rs 513 billion and extended loans of Rs 4.07 billion.
