Declined net interest income and other operating income can be attributed to the decline in net profit. During the period, the net interest income of the bank declined to Rs 1.75 billion from Rs 2.57 billion and other operating income declined from Rs 77.2 million to Rs 19.3 million. Similarly, its operating profit also declined to Rs 980 million from Rs 2.11 billion.
However, the bank has managed to control its expenses. Its employee expenses declined to Rs 740 million from Rs 880 million and other operating income by Rs 700,000.
The bank collected deposits of Rs 129 billion and extended loans of Rs 109 billion. During the period, the non-performing loan of the bank increased to 2.13 percent from 1.28 percent.
The bank with Rs 10.68 billion in paid-up capital has reserve fund of Rs 5.95 billion. The bank logged CCD ratio of 71 percent, base rate of 6.83 percent, spread rate of 3.76 percent, capital fund ratio of 13.84 percent and cost of fund of 4.64 percent.
The bank logged EPS of Rs 12.23, net worth per share of Rs 165.55 and P/E ratio of 47.10 times.
