Although the net interest income and operating profit of the bank declined during the period, an increase in non-operating income helped the bank to log an increase in net profit during the period.
During the period, the net interest income of the bank decreased by 2.64 percent and operating profit by 0.64 percent. However, its non-operating income increased from Rs 2.3 million to Rs 18 million. In the review period, the bank recorded a distributable profit of Rs 257.6 million.
The minimal increment in net profit has lead to a decline in its EPS. The EPS of the bank declined by Rs 1.15 to Rs 16.10. It logged net worth per share of Rs 154.90 and P/E ratio of 19.25 times.
In the review period, the paid-up capital also increased by 8.80 percent and reserve fund by 6.94 percent.
During the period, the deposit collection of the bank declined by 1.38 percent and loan extension by 1.14 percent. Meanwhile, its bad debt increased by 0.66 percent.
