In the review period, the bank earned net profit of Rs 2.01 billion which increased by 20.78 percent compared to Rs 1.66 billion in the review period of the last FY.
Increase in net interest income and decrease in impairment charges can be attributed to the increase in net profit.
During the period, its net interest income increased by 3.04 percent and net fee and commission income by 17.45 percent. Similarly, its total operating income increased by 8.25 percent and operating profit by 23.45 percent.
Meanwhile, its impairment charges declined to Rs 2.03 billion. During the period, it maintained distributable profit of Rs 2.99 billion and distributable profit per share of Rs 20.98.
The bank maintained EPS of Rs 17.62, net worth per share of Rs 216.73 and P/E ratio of 22.25 times.
The bank that has paid-up capital of Rs 18.29 billion including preference share of Rs 3.5 billion has reserve fund of Rs 17.26 billion. The bank collected deposits of Rs 303 billion and extended loans of Rs 230 billion.
