The bank earned a net profit of Rs 3.12 billion in the fourth quarter of the last FY compared to Rs 3.02 billion of the corresponding period of the previous FY.
Although the bank managed to increase its net profit by 3.02 percnet , the distributable profit of the bank decreased by 33.07 percent to Rs 1.44 billion compared to Rs 2.15 billion in the review period.
the net profit increased due to increase in net interest income and decrease in non-operation expenses. The bank earned a net interest income of Rs 7.60 billion compared to Rs 6.96 billion of the review period of the previous FY.
Similarly, its operating profit decreased by 1.02 percent to Rs 4.46 billion compared to Rs 4.51 billion of the review period of the previous FY.
In the review period, the bank collected deposits of Rs 201 billion and extended loan of Rs 160 billion. The bank with paid-up capital of Rs 9.71 billion has a reserve fund of Rs 5.82 billion. The retained earning of the bank decreased to Rs 1.69 billion compared to Rs 2.11 billion.
The non-performing loan also increased to 0.75 percent from 0.46 percent. The bank has EPS of Rs 32.12, net worth per share to Rs 177.36 and P/E ratio of 17.22 times.
The bank has capital fund rtio of 13.20 percent, cost of fund at 5.56 percent, base rate is at 7.70 percent and spread rate at 4.39 percent.
