Although the bank logged huge increase in net interest income, an increase in an impairment charge, employee expenses and other operating expenses affected the net profit earning of the bank during the period.
In the review period, the bank increased its net interest income by 51.14 percent to Rs 574.1 million. Meanwhile, its employee expenses increased by 80.94 percent and other operating expenses by 119.64 percent
Similarly, the impairment charge of the bank increased to Rs 93.5 million from Rs 49.9 million. The bank increased its operating profit by 7.24 percent to Rs 211.1 million.
The bank with Rs 2.54 billion in paid-up capital has reserve fund of Rs 590.6 million and shareholders fund of Rs 95.2 million. The bank has distributable profit of Rs 65.5 million.
During the period, the bank collected deposit of Rs 27.43 billion and extended loan of Rs 23.48 billion.
The bank has non-performing loan of 1.37 percent, EPS of Rs 11.69, net worth per share of Rs 127 and P/E ratio of 12.31 times.
