In the last FY, the bank earned net profit of Rs 1.51 billion. The net profit increased by 22.15 percent compared to Rs 1.23 billion of the corresponding period of the previous FY.
Although the bank recorded decline in its net interest income decrease in impairment charges can be attributed to the increase in net profit.
During the period, the bank decreased its net interest income by 9.99 percent and net fee and commission income by 60.98 percent. Similarly, its total operating income decreased by 4.72 percent and operating profit increased by 88.41 percent. During the period, its impairment charges declined to Rs 1.53 billion from Rs 5.26 billion.
The bank with Rs 21.65 billion in paid-up capital has reserve fund of Rs 16.25 billion. In the review period, the bank collected deposit of Rs 309 billion and extended loans of Rs 232 billion. The bank logged distributable loss of Rs 7.10 billion.
The bank maintained EPS of Rs 6.98, net worth per share of Rs 175.07 and P/E ratio of 33.95 times.
