As per the financial report published by the bank as per NFRS format on February 2, its reserve fund has reached Rs 19.65 billion in the review period compared to Rs 5.04 billion of the last FY. Consequently, the net worth per share of the bank has reached Rs 300.28 compared to Rs 162.76 of the review period of the last FY.
Moreover, the bank earned Rs 1.57 billion in distributable income after allocating Rs 84.6 million in regulatory adjustment as per NRB.
The bank with Rs 9.81 billion in paid-up capital has EPS of Rs 33.87. During the period, the bank collected deposit of Rs 105.67 billion and extended loan of Rs 85.79 billion. The deposit collection and loan extension increased by 15 and 9 percent respectively during the review period. The bank has CCD ratio of 71.47 percent giving it enough space to expand the business.
In the review period, the bank increased its net interest income by Rs 226.9 million to Rs 3.16 billion compared to Rs 2.94 billion of the last FY.
During the period, the bank maintained cost of fund of 3.58 percent, base interest rate of 6.06 percent and bad debt ratio of 2.74 percent.
