In the last FY, the bank earned net profit of Rs 7.12 billion. The net profit increased by 15.01 percent compared to Rs 6.19 billion of the corresponding period of the previous FY.
Although the bank recorded minimal growth in its net interest income decrease in impairment charges can be attributed to the increase in net profit.
During the period, the bank increased its net interest income by 0.06 percent and net fee and commission income by 5.38 percent. Similarly, its total operating income increased by 3.42 percent and operating profit increased by 25.44 percent. During the period, its impairment charges declined to Rs 2.39 billion from Rs 4.63 billion.
The bank with Rs 27.05 billion in paid-up capital has reserve fund of Rs 36.68 billion. In the review period, the bank collected deposit of Rs 524 billion and extended loans of Rs 412 billion. The bank logged distributable profit of Rs 4.77 billion.
The bank maintained EPS of Rs 26.34, net worth per share of Rs 235.58 and P/E ratio of 20.55 times.
