The bank earned a net profit of Rs 2.40 billion in the review period which is 16.57 percent growth compared to the corresponding period of the last FY.
Increase in net interest income can be attributed to the increase in its net profit during the period.
In the review period, its net interest income increased by 32.81 percent, net fee and commission income by 0.08 percent and operating profit by 12.59 percent. During the period, the bank logged impairment charge of Rs 342 million. The bank logged a distributable profit of Rs 859.3 million during the period.
Along with the growth in net profit, its EPS inceased from Rs 35.73 to Rs 41.54. The bank has P/E ratio of 21.25 times and net worth per share of Rs 199.89.
In the six months period, the bank increased reserve fund by 23.68 percent. Meanwhile, its deposits increased by 2.76 percent and loan extensions by 5.29 percent.
