In the review period, the bank earned net profit of Rs 231.1 million. The net profit increased by 16.99 percent compared to Rs 197.5 million of the corresponding period of the last FY.
Increase in net interest income can be attributed to the increase in net profit. During the period, its net interest income increased by 1.43 percent and net fee and commission income by 30.58 percent.
Meanwhile, its total operating income decreased by 1.13 percent and operating profit increased by 19.02 percent.
Accordingly, its distributable profit has increased by 12.53 percent. Moreover, its non-performance loan decreased to 3.93 percent from 4.41 percent bringing down its impairment charges to Rs 49.4 million from Rs 110.6 million.
The bank maintained EPS of Rs 23.13, distributable profit per share of Rs 15.73 , net worth per share of Rs 161.84 and P/E ratio of 20.58 times.
The bank with Rs 4.21 billion in paid-up capital including preference share has reserve fund of Rs 2.38 billion. During the period, the bank collected deposits of Rs 679 billion and extended loans of Rs 563.4 billion.
