The bank earned a net profit of Rs 1.98 billion in the fourth quarter of the last FY compared to Rs 2.43 billion of the corresponding period of the previous FY.
The bank has a distributable profit of Rs 1.51 billion in the review period.
The bank’s net interest income has decreased due to the concession to be provided to clients as per NRB directive while its operating profit has also squeezed during the period. Meanwhile, its non-performing loans are also increasing.
The bank earned a net interest income of Rs 3.51 billion compared to Rs 3.52 billion of the review period of the previous FY.
Similarly, its operating profit decreased to Rs 2.84 billion compared to Rs 3.47 billion of the review period of the previous FY.
Moreover, the expenses of the bank are in increasing trend. The employee expenses of the bank increased to Rs 1.10 billion and other operating profit to Rs 530 million. Similarly, the impairment charge of the bank increased to Rs 439 million.
In the review period, the bank collected deposits of Rs 984.6 million and an extended loan of Rs 939.1 million. The non-performing loan also increased to 0.44 percent from 0.15 percent. The bank has CCD ratio of 66.43 percent, cost of fund at 4.84 percent, base rate is at 7 percent and spread rate at 3.36 percent.
The bank has EPS of Rs 24.76, net worth per share to Rs 188.50 from Rs 199 and P/E ratio of 26.05 times.
The bank with paid-up capital of Rs 8.01 billion has a reserve fund of Rs 5.56 billion.
