The bank earned Rs 670.1 million in net profit during the previous FY. The increase in net profit can be attributed to an increase in net interest income and operating profit.
The company that is in the process to issue IPO worth Rs 8 billion has paid-up capital of Rs 12 billion and reserve fund of Rs 1.63 billion.
During the period, the bank collected deposits of Rs 250 million and extended loan of Rs 574.3. Moreover, the bank has invested Rs 8.78 billion in deposits with various banks.
The bank earned net interest income of Rs 1.23 billion during the period. The net interest income increased by 8.49 percent compared to the previous FY.
In the last FY, the bank has an operating profit of Rs 1.10 billion. The bank logged distributable profit of Rs 847.1 million and EPS of Rs 7.06.