According to the financial report published under NFRS format, the bank earned Rs 647 million in the third quarter only. The bank recorded Rs 1.36 billion net profit by the second quarter of the current FY.
The report shows that the bank has Rs 1.33 billion in distributable profit after allocating Rs 679.1 million to various provisions.
In the review period, the bank increased its deposit collection by nearly 10 percent to Rs 108.58 billion and loan extension by 13.70 percent to Rs 93.77 billion.
Similarly, the bank increased its net interest income by 17 percent to Rs 3.75 billion and operating profit by 32 percent to Rs 2.86 billion.
The bank has capital fund of 11.82 and CD ratio of 79.01 percent that indicates shortage of investable fund. The bank maintained base interest rate of 9.10 and cost of fund of 6.68 percent.
The bank with paid-up capital of Rs 8.52 billion has reserve fund of Rs 5.19 billion. In the review period, the bank logged EPS of Rs 31.32, net worth per share of Rs 179.17, bad debt ratio of 1.31 percent.
