As per the report, the bank has logged plain growth in the review period compared to the corresponding period of the last FY.
The bank has earned net profit of Rs 1.22 billion in the review period. The net profit increased by Rs 3.04 percent compared to the Rs 1.18 billion of the corresponding period of the last FY.
Although the bank increased its net interest income increase in impairment charge can be attributed to the plain growth in net profit.
In the review period, its net interest income increased by 49.92 percent and net fee and commission income by 36.19 percent. Similarly, its total operating income increased by 47.35 percent and operating profit by 6.42 percent.
Meanwhile, its impairment charges increased to 4.38 percent from 2.1 percent amounting to Rs 1.78 billion during the period.
The bank has distributable profit of Rs 3.32 billion and distributable profit per unit of Rs 9.96.
The bank maintained EPS of Rs 13.71, P/E ratio of 14.74 times and net worth per share of Rs 168.30.
The bank with paid-up capital of Rs 35.77 billion has reserve fund of Rs 24.43 billion. Its deposit increased by 3.91 percent and loan extension by 0.27 percent in the review period.
