In the review period, the bank earned net profit of Rs 1.30 billion which is 183.04 percent growth compared to Rs 461 million of the corresponding period of the last FY.
Although the bank decreased in net interest income, decrease in impairment charges pulled up its net profit.
During the period, its net interest income decreased by 3.97 percent and net fee and commission income by 17.16 percent. Similarly, its total operating income decreased by 1.59 percent and operating profit increased by 394.64 percent. Meanwhile, its impairment charges declined to Rs 479.9 million from Rs 2.52 billion.
The bank has distributable loss of Rs 914.9 million and distributable loss per share of Rs 12.45 in the review period.
Along with net profit, its EPS increased by Rs 11.49 to Rs 17.76. The bank has net worth per share of Rs 262.43 and P/E ratio of 13.57 times.
The bank with Rs 14.69 billion in paid-up capital raised its reserve fund by Rs 4.12 percent. The bank increased its deposits by 9.87 percent and loans and borrowing by 4.44 percent.
