As per the financial report published as per NFRS format, the bank earned a distributable profit of Rs 839.9 Million after adjusting various provisions.
Compared to the corresponding period of the last FY, the bank improved its net profit, interest income, operating profit, bad debt ratio, cost of fund, base interest rate, deposit collection, loan extension and capital fund.
However, it's EPS and net worth per share has weakened compared to the last FY.
The bank is yet to maintain the minimum paid-up capital required as per NRB directive. Presently, the bank has a paid-up capital of Rs 7.01 billion. The bank is still short of Rs 990 million to meet the minimum paid-up capital of Rs 8 billion.
In the review period, the bank increased its deposit collection by 7.33 percent to Rs 61.45 billion while its loan extension increased by 10.41 percent to Rs 56.80 billion.
The EPS of the bank declined to Rs 22.11 from earlier Rs 25.30. it has net worth per share of Rs 174.66.
The bank has reserve fund of Rs 5.24 billion including general reserve of Rs 3.27 billion, share premium fund of Rs 170 million and retained earnings of Rs 1.79 billion.
The bank has base interest rate of 10.86 percent, cost of fund of 7.94 percent, bad debt of 3.26 percent, and CD ratio of 76.61 percent.
