An increase in employee expenses, other operating expenses and provision for possible losses contributed to the decrease in the net profit.
The company spent Rs 59.4 million in employee expenses, Rs 55.4 million in other operating expenses and Rs 90.7 million in provision for possible losses.
The decrease in the net profit has dragged its EPS to Rs 3 from Rs 12.9 of the last FY.
The bank with a paid-up capital of Rs 2.50 billion has reserve fund of Rs 640.4 million. In the review period, the company collected deposit of Rs 16.74 billion and extended loan of Rs 15.06 billion.
The bank earned Rs 199.6 million in net interest income. The bank has bad debt of 2.4 percent and EPS of Rs 3.08.
