In the review period, the bank earned net profit of Rs 2.11 billion which is 2.04 percent growth compared to Rs 2.07 billion of the corresponding period of the last FY.
Increase in net interest income pulled up its net profit.
During the period, its net interest income increased by 5.96 percent and net fee and commission income by 20.38 percent. Similarly, its total operating income increased by 9.73 percent and operating profit by 2.06 percent. Meanwhile, its impairment charges increased to Rs 562.7 million from Rs 349.5 million.
The bank has distributable loss of Rs 914.9 million and distributable loss per share of Rs 12.45 in the review period.
Although the bank raised its net profit, its EPS decreased by Rs 1.20 to Rs 30.86. The bank has net worth per share of Rs 235.15 and P/E ratio of 21.39 times.
The bank with Rs 13.72 billion in paid-up capital has reserve fund of Rs 18.52 billion. The bank collected deposits of Rs 304 billion and extended loans of Rs 236 billion.
