During the period, the bank earned net profit of Rs 672 million that is 33.57 percent growth compared to Rs 503.1 million of the corresponding period of the last FY.
Increase its net interest income and operating profit can be attributed to the increase in its net profit.
During the period, its net interest income increased by 7.14 percent and net fee and commission income decreased by 9.61 percent. Similarly, its total operating income increased by 7.61 percent and operating profit by 35.02 percent. Meanwhile, its non-performing loans declined to 3.75 percent from 3.98 percent which pulled down impairment charges to Rs 610.6 million.
In the review period, it maintained distributable profit of Rs 195.2 million and distributable profit per share of Rs 4.88.
Along with net profit, its EPS increased by Rs 2.52 to Rs 16.80. The bank has net worth per share of Rs 151.35 and P/E ratio of 20.77 times.
The bank with Rs 8.03 billion in paid-up capital has reserve fund of Rs 4.10 billion. The bank collected deposits of Rs 115.38 billion and extended loans of Rs 98.54 billion.
