In the review period, although its net interest income decreased by 2.16 percent to Rs 217.2 million, reversed impairment charge helped to boost its operating profit and net profit.
The bank’s operating profit increased by 112.32 percent and fee and commission income by 34.52 percent.
The bank with paid-up capital of Rs 830 million has reserve fund of Rs 98 milllion and retained earning of Rs 74.4 million.
Its deposits increased by 32.61 percent to Rs 4.51 billion and loan extension by 42.46 percent to Rs 3.99 billion.
The bank logged a non-performing loan of 1.44 percent, EPS of Rs 7.42 percent, P/E ratio of 49.17 times and net worth per share of Rs 120.67.
