As per the report, the bank’s net profit declined compared to the corresponding period of the previous FY.
The bank earned net profit of Rs 1.29 billion during the period. The net profit decreased by 2.08 percent compared to Rs 1.32 billion of the corresponding period of the previous FY.
Although the bank logged increase in net interest income increase in non-performing loans (NPL) pulled down the net profit.
In the review period, its net interest income increased by 11.20 percent, net fee and commission income by 19.74 percent. Similarly, its total operating income increased by 15.13 percent and operating profit declined by 2.32 percent.
Meanwhile, its NPL increased to 4.94 percent which rose impairment charges to rs 2.67 billion from Rs 1.72 billion.
The bank logged EPS of Rs 8.76, net worth per share of Rs 155.42 and P/E ratio of 26.06 times. The bank recorded distributable profit of Rs 775.4 million.
The bank with Rs 14.76 billion in paid-up capital has reserve fund of Rs 8.18 million. The bank collected deposit of Rs 211.50 billion and extended loan of Rs 168 billion.
