The net profit increased by Rs 94 million compared to Rs 2.19 billion of the corresponding period of the previous FY.
An increase in net interest income and operating profit can be attributed to the increase in the net profit.
Along with net profit, the distributable profit of the bank has also increased to Rs 1.61 billion from Rs 1.60 billion of the previous FY.
The bank earned Rs 4.61 billion in net interest income during the period. Similarly, it earned operating profit of Rs 3.27 billion. The net interest income increased by Rs 1.15 billion and operating profit by Rs 120.7 million compared to the review period of the previous FY.
The bank with paid-up capital of Rs 13.98 billion has a reserve fund of Rs 4.79 billion, a shareholders fund of Rs 1.76 billion and share premium of Rs 644,000.
However, its EPS has declined to Rs 16.39 compared to Rs 23.60 of the previous FY. Failure to increase in net profit compared to paid-up capital pulled down its EPS. The bank has net worth per share of Rs 146.91 and P/E ratio of 15.55 times.
In the review period, the bank collected deposits of Rs 119.44 billion and extended loan of Rs 110 billion.
The bank logged non-performing loans of 1.54 percent, cost of fund of 7.14 percent, CD ratio of 74.54 percent, base rate of 8.62 percent and spread rate of 4.22 percent.
