In the review period, the bank earned net profit of Rs 394.5million. The net profit increased by 22.34 percent compared to Rs 322.4 million of the corresponding period of the last FY.
Increase in net interest income and decline in impairment charges can be attributed to the increase in net profit. During the period, its net interest income increased by 11.19 percent and net fee and commission income by 9.16 percent.
Similarly, its total operating income increased by 10.82 percent and operating profit increased by 20.91 percent.
However, its distributable profit has declined despite an increase in net profit. The bank’s distributable profit decreased by 21.25 percent. Likewise, its non-performance loan decreased to 4.1 percent from 4.35 percent which brought down its impairment charges to Rs 187.1 million.
The bank maintained EPS of Rs 20.43, distributable profit per share of Rs 15.32 , net worth per share of Rs 158.07 and P/E ratio of 22.17 times.
The bank with Rs 3.86 billion in paid-up capital has reserve fund of Rs 2.24 billion. During the period, the bank collected deposits of Rs 63.62 billion and extended loans of Rs 52.01 billion.
