During the period, the bank earned a net profit of Rs 2.83 billion. The net profit increased by 32.31 percent compared to the corresponding period of the previous FY.
Although its net interest income declined with minimal percentage, an increase in net fee and commission income and other operating income pulled its net profit up during the period.
In the review period, its net interest income decreased by 0.62 percent while its net fee commission income increased by 23.06 percent. Similarly, its operating profit increased by 30.57 percent. however, its impairment charge increased to Rs 860 million from Rs 686.4 million.
The bank increased its paid-up capital by 12 percent and reserve fund by 49.48 percent. During the period, its deposits increased by 29.59 percent and loan extensions by 28.30 percent.
Along with its net profit, its EPS increased by Rs 3.97 to Rs 25.87. It has P/E ratio of 19.48 times and net worth per share of Rs 184.86.
