In the last FY, the bank earned net profit of Rs 6.20 billion. As per the report published today, the net profit increased by 1.10 percent compared to Rs 6.12 billion of the corresponding period of the previous FY.
Increase in impairment charges affected the net profit.
Eh review period, the bank logged 0.85 percent decline in net interest income. Meanwhile, its net fee and commission income increased by 20.12 percent and total operating income by 3.01 percent. However, its impairment charges increased to Rs 4.30 billion from Rs 3.61 billion that pulled down operating profit by 2.75 percent.
The bank maintained EPS of Rs 16.28, net worth per share of Rs 177.63 and P/E ratio of 15.95 times. The bank earned distributable profit of Rs 5.37 during the period.
The bank with Rs 38.11 billion in paid-up capital has reserve fund of Rs 29.58 billion. During the period, the bank collected deposit of Rs 550 billion and extended loans of Rs 411 billion.
