The bank achieved the milestone after acquiring Tourism Development Bank. After the acquisition of Tourism Bank, the bank has Rs 10 billion in paid-up capital and has a reserve fund of Rs 2.82 billion.
As per the financial report published under NFRS format, the bank collected the deposit of Rs 62.76 billion and extended loan of Rs 57.75 billion.
The bank decreased its bad debt below 1 percent. The bank has EPS of Rs 10.18, P/E ratio of 16.02 times and net worth per share of Rs 120.48. The bank maintained credit to deposit ratio of 75.93 percent, cost of fund of 7.73 percent and base interest rate of 11.38 percent in the last FY.
