In the review period, the bank earned net profit of Rs 3.25 billion which is 6.50 percent growth compared to Rs 3.05 billion of the corresponding period of the last FY.
Although the bank logged decrease in net interest income, increase in operating profit can be attributed to the increase in net profit during the period.
During the period, its net interest income decreased by 3.33 percent while net fee and commission income increased by 9.74 percent. Similarly, its total operating income increased by 4.69 percent and operating profit by 1.72 percent.
The bank logged distributable profit of Rs 2.42 billion and distributable profit per share of Rs 12.73. The bank maintained EPS of Rs 17.06, P/E ratio of 13.24 times and net worth per share of Rs 175.29.
The bank with Rs 38.11 billion in paid-up capital has reserve fund of Rs 28.69 billion. The bank collected deposits of Rs 605 billion and extended loans of Rs 432 billion.
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