In the review period, the bank earned net profit of Rs 1.64 billion which is 16.29 percent less compared to Rs 1.37 billion 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 9.13 percent while net fee and commission income increased by 11.54 percent. Similarly, its net operating income decreased by 2.85 percent and operating profit by 16.21 percent.
The bank logged distributable profit of Rs 912.5 million and distributable profit per share of Rs 18.17. The bank maintained EPS of Rs 27.35, P/E ratio of 23.10 times and net worth per share of Rs 211.
The bank with Rs 10.04 billion in paid-up capital has reserve fund of Rs 11.39 billion. The bank collected deposits of Rs 137 billion and extended loans of Rs 68.54 billion.
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