The bank earned a net profit of Rs 2.66 billion in the review period which is 15.04 percent growth compared to the corresponding period of the last FY.
Increase in net fee and commission income as well as decrease in impairment charge helped to boost its net profit during the period.
In the review period, its net interest income increased by 0.49 percent, net fee and commission income by 13.69 percent and operating profit by 13.57 percent. During the period, the bank logged impairment charge of Rs 104 million. The bank logged a distributable profit of Rs 1.48 billion during the period.
Along with the growth in net profit, its EPS inceased from Rs 21.40 to Rs 22.39. The bank has P/E ratio of 13.56 times and net worth per share of Rs 144.97.
In the six months period, the bank increased paid-up capital by 10 percent and reserve fund decreased by 3.49 percent. Meanwhile, its deposits increased by 1.29 percent and loan extensions by 12.15 percent.
