The bank earned net profit of Rs 153.6 million which is 5.51 percent growth compared to Rs 145.6 million 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 145.6 million in the review period.
During the period, the net interest income increased by 14.20 percent while its net fee and commission income decreased by 28.83 percent. Similarly, its total operating income increased by 7.69 percent and operating profit by 5.31 percent.
The bank’s paid-up capital increased by 13.30 percent and reserve fund by 10.02 percent during the period. In the review period, the bank increased deposit collection by 11.34 percent and loans by 7.60 percent.
The bank has logged EPS of Rs 17.01, P/E ratio of 20.4 times and net worth per share of Rs 144.31.
