The bank that is in the merger process with Janata Bank has declined its non-performing loan while increased its deposit collection, loan extension, interest income and net profit.
In the first quarter of the current FY, the bank earned a net profit of Rs 753.1 million. The net profit increased by 40.55 percent compared to Rs 535.8 million of the corresponding period of the last FY.
As per the financial report published as per NFRS format, the bank has a distributable profit of Rs 281.1 million which was Rs 510 million in the review period of the last FY. However, the bank has managed to increase its operating profit to Rs 1.04 billion from earlier Rs 773.1 million.
Similarly, the bank increased its net interest income by Rs 364.7 million to Rs 1.56 billion from earlier Rs 1.20 billion of the last FY.
In the review period, the bank collected a deposit of Rs 128.99 billion and extended loan of Rs 118.48 billion.
The bank maintained EPS of Rs 28.87, a non-performing loan of 0.85 percent and net worth per share of Rs 165.64. The bank has capital fund ratio of 11.87, a base interest rate of 9.44 percent, cost of fund of 7.13 percent and spread rate of 4.99 percent.
