As per the bank, the net profit declined due to the lockdown imposed by the bank. Moreover, the net profit was also affected by decreased spread rate and fee and commission income.
During the last FY, the bank earned net interest income of Rs 5.61 billion. The net interest income decreased by 570.5 million compared to the previous FY. Similarly, it earned operating profit of Rs 3.56 billion.
Along with net profit, the EPS of the bank also declined to Rs 22.66 from earlier Rs 26.99. the company has P/E ratio of 10.99 times, net worth per share of Rs 267.50 and distributable profit of Rs 2.21 billion.
The bank with Rs 11.28 billion in paid-up capital has reserve fund of Rs 12.98 billion, shareholders fund of Rs 4.12 billion and share premium of Rs 1.78 billion.
In the review period, the bank collected deposit of Rs 142.11 billion and extended loan of Rs 104.58 billion.
