During the period, the bank earned a net profit of Rs 1.18 billion which grew by 82.96 percent compared to Rs 645.6 million of the corresponding period of the previous FY.
In the review period, the bank's net interest income increased from Rs 2.64 billion to Rs 2.82 billion. The bank's loan impairment charge decreased from Rs 950.4 million to Rs 207.9 million, which has played a major role in increasing the profit. In the review period, the bank's operating profit increased from Rs 911.1 million to Rs 1.73 billion.
Along with its net profit, its total distributable profit increased to Rs 846.4 million. Based on the paid-up capital, the distributable profit per share of the bank has been maintained at Rs 16.86, which presents an attractive dividend potential of double digits for the shareholders in the current year.
The bank with paid-up capital of Rs 5.02 billion has reserve fund of Rs 2.98 billion. In the last FY, deposits collection increased from Rs 71.76 billion to Rs 77.85 billion, while loans to customers increased from Rs 56.90 billion to Rs 63.26 billion. Similarly, the total assets of the bank increased from Rs 80.35 billion to Rs 87.70 billion.
