As per the report, its net profit has increased during the period.
In the last FY, the bank earned net profit of Rs 4.91 billion. The net profit increased by 32.81 percent compared to Rs 3.70 billion of the corresponding period of the previous FY.
Increase in net interest income and operating income can be attributed to the increase in net profit.
During the period, the bank increased its net interest income by 19.36 percent to Rs 9.12 billion. Similarly, its operating profit increased by 31.63 percent to Rs 7.45 billion. The bank recorded distributable profit of Rs 4.95 billion.
In the review period, the bank collected deposit of Rs 298.81 billion and extended loans of Rs 213 billion. The bank with Rs 12.94 billion in paid-up capital has retained earning of Rs 4.95 billion and reserve fund of Rs 13.88 billion.
During the period, its non-performing loans declined to 0.38 percent from previously 0.71 percent. Along with net profit, its EPS increased by Rs 6.52 to Rs 37.99. The bank maintained net worth per share of Rs 247.39 and P/E ratio of 18.47 times.
