The bank earned net profit of Rs 1.37 billion which is 18.47 percent growth compared to Rs 1.15 billion of the corresponding period of the last FY.
Increase in net interest income and operating profit can be attributed to the increase in net profit. The bank logged distributable profit of Rs 815.9 million in the review period.
During the period, the net interest income increased by 21.085 percent and net fee and commission income by 22.22 percent. Similarly, its total operating income has increased by 2.22 percent and operating profit by 19.50 percent.
The bank’s paid-up capital increased by 17.58 and reserve fund by 21.01 percent during the period. In the review period, the bank increased deposit collection by 20.43 percent and loans by 19.18 percent.
The bank has logged EPS of Rs 24.22, P/E ratio of 18.16 times and net worth per share of Rs 143.21.
