The decreased net profit is attributed to increased expenses and cost of fund as well as sluggish business. During the period, the cost of fund of the bank increased to 7.61 percent from 4.76 percent. Similarly, its base interest rate also rose to 11.06 percent from 10.29 percent.
As pert the report, the bank has Rs 1.21 billion distributable profit after the regulatory adjustment of Rs 86.6 million.
The bank has paid-up capital of Rs 8.05 billion and reserve fund of Rs 2.72 billion.
In the review period, the bank collected deposit of Rs 72.47 billion and extended loan of Rs 65.08 billion.
The bank has bad debt of 0.38 percent, EPS of Rs 16.10, net worth per share of Rs 127.17
