The bank increased its net profit by Rs 541.1 million compared to the second quarter of the current FY. The bank earned net profit of Rs 1.10 billion till the second quarter of the current FY.
As per the financial report published under NFRS format, the bank earned distributable profit of Rs 972.1 million in the review period after maintaining various provisions. The bank maintained general reserve of Rs 330.2 million, Capital Redemption Reserve of Rs 67.8 million, Exchange Fluctuation Fund of Rs 16.3 million, CSR provision of Rs 15.6 million and regulatory reserve fund of Rs 248.9 million.
In the review period, the bank increased its deposit collection by 11.90 percent to Rs 93.96 billion and loan extension by 20 percent to Rs 87.02 billion. The bank has CD ratio of 77.83 percent.
During the period, the bank increased its net interest income by 50.84 percent to Rs 3.09 billion and operating income by 23.31 percent to Rs 2.34 billion.
Similarly, the bank logged EPS of Rs 22.89 in the review period. The bank has paid-up capital of Rs 1.61 billion and reserve fund of Rs 2.43 billion.
The bank logged base interest rate of 9.95 percent, cost of fund of 7.25, bad debt of 0.79 percent and net worth per share of Rs 174.22 in the third quarter.
