In the review period, the bank earned net profit of Rs 417.9 million which is 16.95 percent fall compared to Rs 503.2 million of the corresponding period of the last FY.
Decrease in net interest income and increase in impairment charge pulled down its net profit.
During the period, its net interest income decreased by 1.60 percent and net fee and commission income increase by 23.70 percent. Similarly, its total operating income increased by 6.27 percent and operating profit by 40.15 percent. meanwhile, its impairment charges increased to Rs 460.8 million. The bank has distributable loss of Rs 114.2 million in the review period.
Along with net profit, its EPS decreased by Rs 2.83 to Rs 13.83. The bank has net worth per share of Rs 154.60 and P/E ratio of 15.14 times.
The bank with Rs 12.08 billion in paid-up capital has reserve fund of Rs 6.57 billion. The bank collected deposits of Rs 193 billion and extended loans of Rs 148 billion.
