In the review period, the bank earned net profit of Rs 358.8 billion which is 45.78 percent less compared to Rs 661.8 million of the corresponding period of the last FY.
Although the bank recorded slight increase in net interest income, increase in impairment charged pulled down its net profit.
During the period, its net interest income increased by 2.28 percent and net fee and commission income by 3.24 percent. Similarly, its total operating income increased by 4.68 percent and operating profit by 44.68 percent. Meanwhile, its impairment charges increased to Rs 1.83 billion from Rs 1.38 billion.
The bank has distributable loss of Rs 1.10 billion and distributable loss per share of Rs 14.19 in the review period.
Along with its net profit, its EPS decreased by Rs 4.33 to Rs 4.63. The bank has net worth per share of Rs 149.79and P/E ratio of 41.68 times.
The bank with Rs 15.50 billion in paid-up capital has reserve fund of Rs 7.72 billion. The bank collected deposits of Rs 210 billion and extended loans of Rs 168.21 billion.
