The significant rise in net profit however could not stop a fall of its EPS due to huge jump in its paid-up capital in the review period. In the review period, the bank doubled its paid-up capital by distributing 100 percent stock dividend, as a result, its EPS has fallen drastically by Rs 18.29 to Rs 31.66 from earlier Rs 49.95.
The bank has net worth per share of Rs 184.74 and P/E ratio of Rs 22.33 times.
As per the financial report published under NFRS format, the bank has Rs 584.5 million in distributable profit which was Rs 471.2 million in the corresponding period of the last FY. The bank made regulatory adjustment of Rs 49.6 million in the net profit.
The bank that increased its paid-up capital to Rs 8.01 billion by distributing 100 percent stock dividend has reserve fund of Rs 6.74. The reserve fund decreased by Rs 1.68 billion after distributing 100 percent stock dividend.
In the review period, the bank collected deposit of Rs 65.47 billion and extended loan of Rs 48.36 billion. The deposit collection of the bank decreased by Rs 5.95 billion and loan extension increased by Rs 7.52 billion during the review period.
Similarly, the net interest income of the bank also increased by Rs 91.6 million to Rs 842.3 million during the period. However, the bad debt of the bank also increases to 0.21 percent compared to 0.18 percent of the last FY.
The bank has maintained capital fund ratio of 23.44 percent, base interest rate of 8.14 percent, cost of fund of 4.82 percent and CD ratio of 68.34 percent.
The bank has proposed of distributing 17.50 percent cash dividend for the last FY to its shareholders that is yet to be approved from NRB and the upcoming AGM of the bank.
