In the review period, the bank earned a net profit of Rs 322.4 million. The bank had posted a net profit of Rs 224.7 million in the correspoinding period of the last FY, which is an increase of 43.44 percent.
Improvement in net interest income and reduction in impairment charges have played a major role in increasing the net profit of the bank.
In the review period, the bank's net interest income increased from Rs 1.18 billion to Rs 1.21 billion and total operating income increased to Rs 1.44 billion from Rs 1.37 billion. Similarly, the operating profit of the bank increased from Rs 321.1 million to Rs 756.3 million.
The distributable profit, which is important for investors, has been over Rs 615.6 million during the period, which shows that investors have the ability to distribute attractive dividends.
The bank has a paid-up capital of Rs 8 billion, deposit collection of Rs 126 billion and total loan of Rs 105 billion.
During the review period, the bank's EPS increased to Rs 16.12, net worth per share at Rs 165.67 and capital fund ratio at 12.86 percent.
