During the period, the bank earned net profit of Rs 635.1 million that is 15.63 percent growth compared to Rs 549.2 million of the corresponding period of the last FY.
Increase its net interest income and decrease in impairment charges can be attributed to the increase in its net profit.
During the period, its net interest income increased by 1.94 percent and net fee and commission income by 16.53 percent. Similarly, its total operating income increased by 5.80 percent and operating profit by 15.50 percent. Meanwhile, its impairment charges declined to Rs 382.4 million.
In the review period, it maintained distributable profit of Rs 308.4 million and distributable profit per share of Rs 10.24.
Along with net profit, its EPS increased by Rs 1.76 to Rs 21.10. The bank has net worth per share of Rs 159.59 and P/E ratio of 18.53 times.
The bank with Rs 6.02 billion in paid-up capital has reserve fund of Rs 3.58 billion. The bank collected deposits of Rs 91.27 billion and extended loans of Rs 72.94 billion.
