During the period, the bank earned a net profit of Rs 2.27 billion. The net profit increased by 28.16 percent compared to the corresponding period of the previous FY.
Increase in net interest income and operating profit helped to increase its net profit.
In the review period, its net interest income increased by 7.93 percent and net fee commission income by 31.37 percent. Similarly, its operating profit increased by 28.42 percent. Meanwhile, its impairment charge decreased to Rs 289.8 million from Rs 797 million.
The bank increased its paid-up capital by 10 percent and reserve fund by 29.18 percent. During the period, its deposits increased by 19.74 percent and loan extensions by 30.97 percent.
Along with its net profit, its EPS increased by Rs 3.33 to Rs 23.51. It has P/E ratio of 20.63 times and net worth per share of Rs 153.60.
