As per the report, the bank was able to earn the highest net profit among all commercial banks operating in Nepal.
During the period, the bank earned net profit of Rs 7.52 billion which is 76.86 percent growth compared to Rs 4.25 billion of the previous FY.
Huge increase in net interest income can be attributed to the increase in net profit. The bank has distributable profit of Rs 3.96 billion which means it can distribute Rs 14.64 profit per share.
In the review period, it raised its net interest income by 101.63 percent, net fee and commission income by 83.62 percent, total operating income by 88.96 percent and operating profit by 75.37 percent.
Along with its net profit, its EPS increased by 9.18 to Rs 27.82. The bank-maintained P/E ratio of 21.54 times and net worth per share of Rs 214.69.
The bank with Rs 27.05 billion in paid-up capital has reserve fund of Rs 31.03 billion. During the period, its deposit increased by 21.65 percent and loan extensions by 10.82 percent.
