In the review period, the bank earned net profit of Rs 1.64 billion which is 17.71 percent degrowth compared to Rs 2.35 billion of the corresponding period of the last FY.
Although the bank recorded increase in net interest income, increase in impairment charges can be attributed to the decline in net profit during the period.
During the period, its net interest income increased by 12.18 percent and net fee and commission income increase by 21.17 percent. Similarly, its total operating income increased by 15.21 percent and operating profit by 15.29 percent. Meanwhile, its impairment charges increased to Rs 1.55 billion.
The bank logged distributable profit of Rs 564.3 million. The bank maintained EPS of Rs 17.10, net worth per share of Rs 168.75 and P/E ratio of 13.98 times
The bank with Rs 19.28 billion in paid-up capital has reserve fund of Rs 13.37 billion. The bank collected deposits of Rs 291 billion and extended loans of Rs 239 billion.
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