As per the report, its net profit has increased during the period.
In the last FY, the bank earned net profit of Rs 2.57 billion. The net profit increased by 7.25 percent compared to Rs 2.39 billion of the corresponding period of the previous FY.
Although the bank raised its net interest income and operating income, increase in impairment charges constricted its growth.
During the period, the bank increased its net interest income by 2.82 percent to Rs 6.35 billion. Similarly, its operating profit increased by 2.97 percent to Rs 3.57 billion.
During the period, the bank’s impairment charges increased to Rs 1.88 billion from Rs 1.43 billion. The bank recorded distributable profit of Rs 2.78 billion.
During the period, its non-performing loans increased to 3.01 percent. The bank maintained EPS of Rs 18.93, net worth per share of Rs 168.83 and P/E ratio of 19.80 times.
In the review period, the bank collected deposit of Rs 223 billion and extended loans of Rs 176 billion. The bank with Rs 13.58 billion in paid-up capital has retained earning of Rs 2.78 billion and reserve fund of Rs 6.56 billion.
