During the period, the bank earned a net profit of Rs 416.9 million. The net profit increased by 118.18 percent compared to the corresponding period of the previous FY.
The net profit increased due to an increase in net interest income and operating profit.
In the review period, its net interest income increased by 14.06 percent and net fee commission income increased by 34 percent. Similarly, its operating profit increased by 109.21 percent. Meanwhile, its impairment charge decreased to Rs 232.5 million from Rs 259.46 million.
The bank increased its paid-up capital by 5 percent and reserve fund by 40.12 percent. During the period, its deposits increased by 48.57 percent and loan extensions by 44.30 percent.
Along with its net profit, its EPS increased by Rs 7.90 to Rs 15.23. It has P/E ratio of 27.83 times and net worth per share of Rs 135.81.
