The bank earned a net profit of Rs 1.07 billion in the review period which is 1.33 percent growth compared to the corresponding period of the last FY.
Although the bank somehow managed to increase its net interest income decrease in operating profit kept a pressure in its net profit.
In the review period, its net interest income increased by 9.34 percent and operating profit by 0.34 percent. However, its net fee and commission income increased by 3.69 percent. The bank logged impairment charge of Rs 220.3 million. The bank logged a distributable profit of Rs 578.2 million during the period.
Although it logged a growth in net profit, its EPS decline from Rs 22.02 to Rs 19.02. The bank has P/E ratio of 20.19 times and net worth per share of Rs 140.02.
In the last six months, the bank increased paid-up capital by 17 percent and reserve fund by decreased by 13.51 percent. Meanwhile, its deposits decreased by 12.54 percent and loan extensions increased by 14.13 percent.
