In the corresponding period of the last FY, the bank earned Rs 366.9 million in net profit. In the review period, the net profit increased by 43.10 percent compared to the corresponding period of the last FY.
As per the report, the bank earned a distributable income of Rs 311.5 million which was Rs 130.7 million in the corresponding period of the last FY.
In the review period, the company increased its paid-up capital to Rs 8.46 billion from earlier Rs 6.84 billion. The bank increased its reserve fund from Rs 4.82 billion to Rs 5.78 billion.
Similarly, the bank increased its deposit collection from Rs 77.87 billion to Rs 99.90 billion and loan extension from Rs 69.69 billion to Rs 90.67 billion.
Likewise, in the review period, the bank earned interest income of Rs 3.07 billion and spend Rs 1.83 billion in interest expenses through which it earned a net interest income of Rs 1.24 billion.
During the period, the company reduced its bad debt to 1.40 percent from 2.01 percent. The EPS of the bank increased to Rs 24.81 from Rs 23.07 and has net worth per share of Rs 166.49.
