During the period, the bank earned a net profit of Rs 1.15 billion. The net profit increased by 62.70 percent compared to the corresponding period of the previous FY.
Increase in net interest income and other operating profit can be attributed to the increase in net profit during the period.
In the review period, its net interest income increased by 19.70 percent and net fee commission income by 17.34 percent. Similarly, its operating profit increased by 61.58 percent. Similarly, its impairment charge increased to Rs 533.1 million from Rs 316.8 million.
The bank increased its paid-up capital by 11.25 percent and reserve fund by 33.68 percent. During the period, its deposits increased by 51.63 percent and loan extensions by 52.95 percent.
Along with its net profit, its EPS increased by Rs 7.56 to Rs 23.92. It has P/E ratio of 27.47 times and net worth per share of Rs 141.49.
