In the review period, the company earned Rs 261.8 million in net profit. The net profit increased by 58.87 percent compared to the corresponding period of the last FY. Increase in net interest income, as well as decrease in impairment charge, helped to boost its net profit during the review period.
In the period, its net interest income increased by 46.81 percent while its operating profit increased by 68.16 percent and net fee and commission income by 16.18 percent. Likewise, its non performing loans declined to 1.15 percent from previous 2.43. With this, the impairment charge of the bank declined by 74.78 percent. The bank logged distributable profit of Rs 180.4 million.
Along with its net profit, the bank raised its EPS from Rs 12.04 to Rs 17.39. the bank logged P/E ratio of 15.9 times and net worth per share of Rs 130.97.
During the period, the paid-up capital of the bank increased by 10 percent and reserve fund by 4.41 percent. Similarly, its borrowing increased by 9.88 percent and loans by 22.44 percent.
