In the review period, the bank incurred net loss of Rs 3.1 million. In the review period of the last FY, it had incurred net loss of Rs 3.5 million.
Increase in net interest income bring down its net loss during the period.
In the review period, the bank raised its net interest income by 6.77 percent and total operating income by 4.47 percent. Similarly, its total operating income increased by 7.70 percent.
During the period, its non-performing loan decreased to 3.35 percent from 6.92 percent. As a result, its impairment charges decreased to Rs 9.7 million from Rs 16.6 million. Meanwhile, it logged distributable loss of Rs 16.5 million.
The bank maintained LPS of Rs 0.81, net worth per share of Rs 103.75.
The bank with Rs 522.3 million in paid-up capital has reserve fund of Rs 19.5 million. The bank collected deposit of Rs 1.49 billion and extended loans of Rs 1.19 billion.
