The bank earned a net profit of Rs 586.1 million in the review period. The net profit increased by 172 percent compared to Rs 215.9 million of the corresponding period of the last FY.
The increase in net interest income along with a decrease in impairment charge helped to boost its net profit. In the review period, the bank earned a distributable profit of Rs 388.8 million.
During the period, the net interest income of the bank increased by 25.73 percent and operating profit by 95.08 percent. The impairment charge decrease by 76.55 percent in the review period.
Along with net profit, its EPS has also made huge jump. The EPS of the bank increased to 29.47 from Rs 18.16 while its P.E ratio is 11.94 times and net worth per share of Rs 114.35.
In the review period, the bad debt decreased by 0.37 percent, base rate by 3.71 percent and spread rate by 0.38 percent.
During the period, the paid-up capital of the bank increased 4.40 percent, reserve fund by 77.06 percent, deposit collection by 23.01 percent and loan extension by 41 percent.
