As per the report, the bank has increased its net profit and EPS during the period.
The bank earned net profit of Rs 1.01 billion during the period. The net profit increased by 25.25 percent compared to Rs 807.3 million of the corresponding period of the last FY.
Increase in net interest income and decrease in non-operation expenses can be attributed to the increase in net profit.
In the review period, its net interest income increased by 4.16 percent, net fee and commission income by 22.12 percent and total operating income by 8.84 percent. Meanwhile, its operating profit decrease by 10.22 percent.
Meanwhile, its impairment charges increased to Rs 574.2 million. The company maintained distributable profit of Rs 436.3 million and distributable profit per share of Rs 7.22.
The bank logged EPS of Rs 16.73, net worth per share of Rs 161.60 and P/E ratio of 13.69 times.
The bank with Rs 12.08 billion in paid-up capital and reserve fund of Rs 6.98 billion. The company collected deposit of Rs 204 billion and extended loan of Rs 154 billion.
