During the review period, the bank earned a net profit of Rs 894.1 million, up 33.51 percent from the review period of the last FY. The increase in net profit can be attributed to The expansion of the bank's business and the decline in impairment charges.
During the period, net interest income of the bank increased to Rs 2.31 billion from Rs 2.31 billion in the last FY.
Total operating income increased to Rs 2.85 billion from Rs 2.70 billion in the last year. Similarly, the operating profit of the bank increased from Rs 1.04 billion to Rs 1.38 billion.
Although the profit and financial condition of the bank are strong, the non-performing loans have increased slightly. The NPL has increased from 3.49 percent in the last year to 3.77 percent at the end of the last FY. According to the managerial analysis of the bank, there is some problem in loan recovery due to the slowdown in the economy.
