In the review period, the bank earned net profit of Rs 1.65 billion. The net profit increased by merely 50.43 percent compared to Rs 1.10 billion of the corresponding period of the last FY.
Increase in net interest income and decrease in impairment charges can be attributed to the increase in net profit.
The bank raised its net interest income by 3.47 percent and net fee and commission income by 28.23 percent. Similarly, its total operating income increased by 9.93 percent and operating profit by 16.64 percent. Meanwhile, its impairment charges declined to Rs 673.7 million. During the period, the bank has distributable profit of Rs 762.2 million and distributable profit per share of Rs 7.81.
The bank maintained EPS of Rs 18.30, net worth per share of Rs 168.10 and P/E ratio of 13.77 times.
The bank with a paid-up capital of Rs 15.08 billion including preference share of Rs 3 billion has a reserve fund of Rs 8.22 billion. The bank has collected deposits of Rs 213 billion and extended loans of Rs 159 billion.
