The bank has earned a net profit of Rs 2.27 billion in the fourth quarter of the last FY compared to Rs 2.25 billion of the corresponding period of the previous FY.
Although the bank recorded plain growth in net profit, its distributable profit increased by 11.93 percent in the review period. the bank has distributable profit of Rs 1.42 billion. In the review period of the previous FY, the distributable profit was Rs 1.27 billion.
Increase in net interest income can be attributed to the increase in the net profit. The bank earned Rs 5.52 billion in net interest income during the period. The net interest income increased by Rs 1.289 billion compared to the review period of the previous FY. However, its operating profit decreased by 25 percent to Rs 2.43 billion in the review period.
In the review period, the bank collected deposits of Rs 131.66 billion and extended loan of Rs 115.70 billion. The deposit collection and loan extension of the bank increased by 34.50 percent and 30.76 percent respectively compared to the previous FY.
Moreover, the non-performing loan of the bank has also increased to 2.68 percent compared to 0.82 percent of the previous FY. The bank has impairment charge of Rs 1.61 billion.
The bank with paid-up capital of Rs 13.95 billion has a reserve fund of Rs 5.83 billion and a shareholders fund of Rs 964 million.
The bank has EPS of Rs 16.73, net worth per share of Rs 149.57 and P/E ratio of 23.27 times.
The bank logged cost of fund of 6.99 percent, CD ratio of 72.68 percent, base rate of 8.95 percent and spread rate of 7.05 percent.
