In the review period, the bank has earned a net profit of Rs 3.51 billion. The net profit increased by 4.54 percent compared to Rs 3.36 billion of the corresponding period of the previous FY.
During the period, the bank's net interest income increased to Rs 9.05 billion from Rs 8.43 billion in the previous FY. Similarly, the income from fees and commission increased to Rs 1.86 billion from Rs 1.58 billion and operating profit increased to Rs 5.16 billion from Rs 4.97 billion in the previous year.
The total distributable profit of the bank stands at Rs 1.70 billion after regulatory adjustment and adjustment of accumulated profit as per NRB rules. For ordinary shareholders, the distributable profit per share of the bank is Rs 11.53. Such capacity will increase to Rs 26.15 when the capital adjustment reserve is adjusted as per the report.
The bank's balance sheet size has crossed Rs 3.89 trillion. The bank has a paid-up capital of Rs 18.29 billion with ordinary paid-up capital of Rs 14.79 billion and perpetual non-cumulative preference shares of Rs 3.50 billion. The total fund has reached Rs 18.62 billion including consolidated profit and other reserve funds.
During the period, deposits from customers increased from Rs 280.32 billion to Rs 327.01 billion, while loans to customers increased from Rs 214.45 billion to Rs 233.87 billion. The total assets of the bank increased from Rs 338.81 billion to Rs 389.73 billion.
