During the period, operating profit of the bank has also decreased. Meanwhile, its interest expenses, employee expenses and provision for possible loss increased attributing for the decreased profit. The bank interest expense has increased compared to its interest income during the period.
In the second quarter, the net interest income of the bank decreased by 3.06 percent and operating profit decreased by 13.58 percent. In the meantime, its employee expenses increased by 10.5 million to Rs 52.5 million from Rs 42 million of the last FY.
However, the bad debt of the bank has decreased to 0.17 percent. The bank has maintained a provision of Rs 28.6 million and has recovered bad debt of Rs 12.6 million.
The bank with paid-up capital of Rs 1.37 billion has reserve fund of Rs 420.6 million. Shine Resunga has collected Rs 11.94 billion deposits and has extended loan of Rs 10.49 billion.
The bank has EPS of Rs 21.97, net worth per share of Rs 130.51, liquidity ratio of 25.85 and P/E ratio of 13.66.
