In the review period, the bank earned net profit of Rs 1.61 billion which is 43.05 percent less compared to Rs 2.83 billion of the corresponding period of the last FY.
Decrease in net interest income and increase in non-performing loans can be attributed to the decline in net profit during the period.
During the period, its net interest income decreased by 12.83 percent and net fee and commission income by 8.66 percent. Similarly, its total operating income decreased by 4.74 percent and operating profit by 40.59 percent. Meanwhile, its impairment charges increased by 3.09 billion from Rs 1.77 billion.
The bank has distributable loss of Rs 3.62 billion in the review period.
Along with its net profit, its EPS decreased by Rs 7.15 to Rs 9.45. The bank has net worth per share of Rs 194.77 and P/E ratio of 20.20 times.
The bank with Rs 34.12 billion in paid-up capital has reserve fund of Rs 32.34 billion. In the review period, the bank collected deposits of Rs 519 billion and extended loans of Rs 328 billion.
