The bank earned a net profit of Rs 3.68 billion in the review period which is 12.63 percent growth compared to Rs 3.26 billion the corresponding period of the last FY.
increase in net interest income and decrease in impairment charge helped to boost its net profit.
During the period, the net interest income increased by 8.92 percent and net fee and commission income by 22.24 percent. Similarly, its total operating income increased by 1.48 percent and operating profit by 11.77 percent. The bank has distributable profit of Rs 2.34 billion.
The bank’s paid-up capital increased by 16 and reserve fund by 13.22 percent during the period. In the review period, the bank increased deposit collection by 3.93 percent and loans by 9.44 percent.
The bank has EPS of Rs 19.73, P/E ratio of 13.43 times and net worth per share of Rs 147.69.
