The bank that earned Rs 140.6 million in the second quarter of the last FY has earned Rs 132.9 million in net profit in the corresponding period of the current FY. The decrease in net profit attributed to decline in its EPS to Rs 10.50 from earlier Rs 17.23 in the review period.
Similarly, the operating profit of the bank also decreased to Rs 208.6 million from Rs 221 million while its net worth per share declined to Rs 124.23 from Rs 136.79.
Increased in its employee expenses to Rs 98.4 million from Rs 59.7 million and provision of possible loss to Rs 51.2 million from Rs 27.5 million also resulted in a decrease in its net profit.
However, in the review period, the bank increases its deposit collection by 26.68 percent to Rs 17.11 billion and loan extension by 32.02 percent to Rs 15.69 billion. Through which it earned a net interest income of Rs 367.3 million from Rs 313.4 million.
During the period, its bad debt decrease to 2.17 percent from earlier 2.56 percent. The bank with paid-up capital of Rs 2.53 billion has a reserve fund of Rs 613.8 million.
