In the review period, the bank earned net profit of Rs 197.5 million. The net profit increased by 12.92 percent compared to Rs 174.9 million of the corresponding period of the last FY.
Increase in net interest income can be attributed to the increase in net profit. During the period, its net interest income increased by 19.06 percent and net fee and commission income by 12.20 percent.
Similarly, its total operating income increased by 19.06 percent and operating profit increased by 10.86 percent.
However, its distributable profit has declined despite an increase in net profit. The bank’s distributable profit decreased by 35.56 percent. Likewise, its non-performance loan increased to 4.41 percent from 3.96 percent which rose its impairment charges to Rs 110.6 million.
The bank maintained EPS of Rs 20.46, distributable profit of Rs 14.01, net worth per share of Rs 152.31 and P/E ratio of 20.18 times.
The bank with Rs 3.86 billion in paid-up capital has reserve fund of Rs 2.02 billion. During the period, the bank collected deposits of Rs 63.04billion and extended loans of Rs 51.44 billion.
