Although the bank managed a mere increase in net interest income, an increase in non-performing loans squeezed its net profit during the period. The bank logged a distributable profit of Rs 452.2 million in the review period.
During the period, the bank increased its net interest income by Rs 1.5 million to Rs 1.98 billion while its operating profit declined by Rs 80.1 million to Rs 1.15 billion.
The bank with Rs 9.05 billion in paid-up capital has a reserve fund of Rs 2.46 billion, a share premium of Rs 30.8 million and retained earnings of Rs 553.8 million.
The decrease in net profit has also decreased its EPS. The EPS which was Rs 18.16 in the last FY decreased to Rs 17.73. The bank has a net worth per share of Rs 133.70 and a P/E ratio of 16.01 times.
The bank collected deposits of Rs 118.23 billion and extended loans of Rs 103.92 billion. During the period, the non-performing loan of the bank increased to 0.76 percent from 0.45 percent.
The bank maintained a base rate of 7.56 percent and a spread rate of 4.19 percent.
