In the review period, the bank earned net profit of Rs 629.4 million. The net profit increased by 105.30 percent compared to Rs 306.6 million of the corresponding period of the last FY.
Although the bank raised its net interest income slightly, decrease in impairment charges raised its net profit during the period.
During the period, the bank increased its net interest income by 0.78 percent and total operating income by 55.36 percent. During the period, its non-performing loan increased to 7.83 percent from 4.98 percent, even though, its impairment charges decreased to Rs 118.4 million from Rs 521.6 million. As a result, its operating profit and net profit increased significantly. However, it logged distributable loss of Rs 434.8 million.
The bank maintained EPS of Rs 19.43, net worth per share of Rs 163.43 and P/E ratio of 19.43 times.
The bank with Rs 4.39 billion in paid-up capital has reserve fund of Rs 2.78 billion. The bank collected deposit of Rs 64.49 billion and extended loans of Rs 47.98 billion.
