Huge increase in an impairment charge, as well as non-performing loan, contracted its net profit during the period. The non-performing loan increased to 3.66 percent from 2.58 percent during the period. The bank has allocated Rs 116.8 million in an impairment charge.
In the review period, the bank increased its net interest income by Rs 57.8 million to Rs 329.6 million while its operating profit decreased by Rs 39.7 million to Rs 122.9 million.
The bank with Rs 692.6 million in paid-up capital has reserve fund of Rs 281 million, retained earning of Rs 156.8 million and share premium of Rs 4.8 million. During the period, the company collected deposit of Rs 9.08 billion and extended loan of Rs 7.90 billion.
In the review period, the bank has distributable profit of Rs 11.5 million. It logged EPS of Rs 16.57, net worth per share of Rs 163.92 and P/E ratio of 22.63 times.
