In the review period, the bank earned net profit of Rs 2.35 billion. The net profit increased by 42.22 percent compared to Rs 1.65 billion of the corresponding period of the last FY.
Increase in net interest income and impairment charges raised its net profit during the period.
During the period, the bank increased its net interest income by 20.48 percent and net fee and commission income by 10.05 percent. Similarly, its net operating income increased by 20.41 percent and operating profit by 47.50 percent. Meanwhile, its impairment charges declined to Rs 1.36 billion from Rs 1.40 billion.
The bank recorded distributable profit of Rs 2.14 billion and distributable profit per share of Rs 21.02.
The bank maintained EPS of Rs 23.07, net worth per share of Rs 179.55 and P/E ratio of 15.27 times.
The bank with Rs 15.58 billion in paid-up capital including cumulative non-redeemable preference shares has reserve fund of Rs 10.804 billion. The bank collected deposit of Rs 233.86 billion and extended loans of Rs 190.77 billion.
