The bank earned a net profit of Rs 2.09 billion in the review period which was 63.05 percent compared to Rs 1.2 billion in the review period of the previous FY.
Although the net interest income has decreased, the net profit of the bank has increased due to the reduction in impairment charges.
In the review period, the bank's net interest income decreased by 1.90 percent while the net fee and commission income increased by 6.33 percent. Similarly, the bank's total operating income increased by 2.13 percent and operating profit by 81.26 percent. In the review period, the bank's impairment charge decreased from Rs 2.68 billion to Rs 829.3 million.
Along with the profit, the bank's earnings per share also increased. In the review period, the EPS of the bank increased by Rs 4.82 to Rs 13.53. The distributable profit of the bank stood at Rs 523.1 million during the period. During the period, the bank has P/E ratio of 14.55 times and net worth per share of Rs 160.51.
The bank has paid-up capital of Rs 15.50 billion and reserve fund of Rs 9.38 billion. At the end of the fourth quarter, the bank collected deposit of Rs 231.73 billion and extended loan of Rs 170.14 billion.
