As per the report, the bank increased its net profit significantly during the period.
The bank earned net profit of Rs 57 million during the period. The net profit increased by 120.26 percent compared to Rs 25.8 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, the bank recorded 68.43 percent increment in net interest income and net fee and commission income by 199.12 percent. Similarly, its total operating income increased by 75.85 percent and operating profit by 120.26 percent.
The bank logged distributable profit of Rs 67.9 million and distributable profit per share of Rs 11.16.
Along with its net profit, its EPS increased by Rs 5.12 to Rs 9.37. During the period, it maintained PE ratio of 64.10 times and net worth per share of Rs 135.98.
The bank with Rs 1.21 billion in paid-up capital has reserve fund of Rs 437.9 million. In the review period, the bank collected deposits of Rs 8.38 billion and extended loans of Rs 6.56 billion.
