In the third quarter itself, the bank earned a net profit of Rs 786.1 million. As per the third quarter financial report published under NFRS format, the bank earned a distributable profit of Rs 1.35 billion during the period.
The bank maintained general reserve of Rs 443.2 million, capital reserve of Rs 125.1 million, provision for corporate social responsibility of Rs 22.1 million, provision for employee training Rs 6.1 million and regulatory adjustment of Rs 269 million during the period.
In the review period, the bank increased its deposit collection by 17 percent to Rs 124 billon and loan extension by 19 percent to Rs 102.32 billion. Similarly, it increased its net interest income by nearly 17 percent to Rs 4.10 billion. The bank earned Rs 9.47 billion interest income and spent Rs 5.36 billion in interest expenses.
The bank with Rs 8.10 billion in paid-up capital has increased its reserve fund by 15 percent to Rs 8.44 billion. The bank logged EPS of Rs 36.45 billion in the Q3.
In the meantime, the base interest rate of the bank declined to 8.01 percent compared to 8.18 percent of the last FY whereas its cost of fund increased to 6.07 percent compared to 5.39 percent of the review period of the last FY.
However, the bank has been able to decrease its bad debt ratio to 0.18 percent from earlier 0.23 percent.
The bank maintained CCD ratio of 76.69 percent, net worth per share of Rs 205.16 and P/E ratio of 16.46 times.
