In the review period, the bank increased its deposit and loan extension by 46 and 45 percent respectively.
The bank that collected Rs 14.51 billion deposit in the previous FY has collected a deposit of Rs 21.22 billion in the last FY. Similarly, it increased loan extension to Rs 18.85 billion from Rs 12.99 billion of the previous FY. The net interest income of the bank increased to Rs 250 million in the review period.
Despite a three-fold increase in bad debt provision, 37 percent rise in employee expenses and 27 percent increase in operating expenses, the bank was able to increase its operating profit to Rs 668.7 million.
During the review period, the paid-up capital of the bank has increased by 15 percent to Rs 2.53 billion. Increase in its net profit has reflected on its EPS which has risen to Rs 17.27 from Rs 15.55 of the previous FY.
The bank has a non-performing loan of 0.27 percent, capital fund ratio of 19.33 percent, net worth per share of Rs 128.69 and P/E ratio of 10.54 times.