In the period the bank earned Rs 344 million in net profit. The net profit increased by 12.57 percent compared the corresponding period of the last FY.
In the review period, the net interest income increased by 41.73 percent, net fee and commission by 2.72 percent and operating profit by 12.35 percent. During the period, the non-performing loans of the bank increased to 1.47 percent. The bank logged a distributable profit of Rs 100.5 million during the period.
Although its net profit increased, its EPS declined to Rs 16.12 from previous Rs 17.49. The bank has P/E ratio of 18.91 times and net worth per share of Rs 125.35.
The bank raised its paid-up capital by 11 percent and reserve fund by 22.79. during the period, the bank increased its deposit collection by 2.63 percent and loan extension by 11.24 percent.
