In the review period, the bank earned a net profit of Rs 141.2 million. The profit increased by 8.98 percent compared to the corresponding period of the previous FY.
During the period, the bank's net interest income has improved significantly due to the reduction in interest expense. The bank's net interest income increased by 50.30 percent to Rs 307.4 million from Rs 204.5 million in the previous FY. During the period, the operating profit of the bank increased from Rs. 185.7 million to Rs. 201.7 million.
In the review period, the distributable profit of the bank stood at Rs 154.8 million. Based on this, the bank with paid-up capital of Rs 1.21 billion has the dividend capacity of 12.73 percent to its shareholders.
The bank has made good progress in both deposit collection and loan disbursement in the last FY. Deposits from customers increased from Rs 6.50 billion to Rs 8.85 billion, while loan investment increased to Rs 6.69 billion.
During the peirod, the NPL of the bank came down to 0.26 percent from 0.28 percent.
The bank's earnings per share increased to Rs 11.60 from Rs 10.65. The bank has net worth per share of Rs 143.20 and capital fund ratio of 25.75 percent. The bank's cost of funds has come down from 5.12 percent to 4.22 percent and base rate to 5.98 percent.
