The bank's net profit increased by 48.40 percent to Rs 629.9 million compared to Rs 424.3 million of the last FY. The bank's net interest income increased by 10.69 percent to Rs 2.14 billion from Rs 1.94 billion in the previous year. Similarly, the operating profit of the bank increased by 53.41 percent to Rs 937.9 million from Rs 611.4 million in the previous year.
In the review period, the bank set aside Rs 315.6 million as impairment charge as against Rs 517.3 million in the previous FY.
After the regulatory adjustments, the net distributable profit stood at Rs 465.1 million. After adjusting the payment of bonus shares and cash dividend from the accumulated profit of the previous fiscal year, the total distributable profit has been Rs 465.198 million. Accordingly, the distributable profit of the bank is Rs 10.31 per share.
The bank's paid-up capital has reached Rs 4.51 billion. The bank's total equity stood at Rs 7.46 billion.
The bank collected deposit of Rs 55.99 billion from its customers and extended loans of Rs 43.34 billion to its customers. The total assets of the bank stands at Rs 65.05 billion.
