In the review period, the bank earned net profit of Rs 588.6 million. The net profit increased by 19.37 percent compared to Rs 493.1 million of the corresponding period of the last FY.
Increase in net interest income and decline in impairment charges can be attributed to the increase in net profit. During the period, its net interest income increased by 9.23 percent and net fee and commission income by 9.60 percent.
Similarly, its total operating income increased by 8.44 percent and operating profit increased by 18.34 percent.
However, its distributable profit has declined despite an increase in net profit. The bank’s distributable profit decreased by 16.46 percent.
Meanwhile, its non-performance loan increased to 4.4 percent from 4.27 percent.
The bank maintained EPS of Rs 20.32, distributable profit per share of Rs 14.42 , net worth per share of Rs 163.57 and P/E ratio of 24.2 times.
The bank with Rs 4.21 billion in paid-up capital including preference share has reserve fund of Rs 2.45 billion. During the period, the bank collected deposits of Rs 54.95 billion and extended loans of Rs 53.53 billion.
