In the review period, the bank earned net profit of Rs 131.1 million which is 13.54 percent degrowth compared to Rs 151.7 million of the corresponding period of the last FY.
Decrease in net interest income and increase in impairment charges can be attributed to the decline in net profit during the period.
During the period, its net interest income decreased by 15.87 percent and net fee and commission income increase by 11.07 percent. Similarly, its total operating income decreased by 11.07 percent and operating profit by 42.16 percent. Meanwhile, its impairment charges increased to Rs 2.43 billion from Rs 2.35 billion.
The bank logged distributable loss of Rs 7.39 billion. The bank maintained EPS of Rs 1.76, net worth per share of Rs 198.33 and P/E ratio of 188.44 times
The bank with Rs 14.91 billion paid-up capital has reserve fund of Rs 14.66 billion. The bank collected deposits of Rs 327.5 billion and extended loans of Rs 209.31 billion.
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