This is an outcome of improved balance sheet spread which increased from 3.4 percent in 1st quarter 2016 to 3.9 percent in the corresponding period in 2017. Similarly, non-interest income grew by 18 percent as compared to the same period last year. On the balance sheet side, the Bank's Net Assets grew by 1.7 percent and Gross Advances increased by Rs 5.8 billion as compared to December 2016.On the liability side, deposits substantially increased by Rs 7.47 billion taking the total deposit base to Rs 94.25 billion. Moreover, the Bank continued its focus on building low cost deposits, as the CASA ratio improved from 58.79% in December 2016 to 62.66% in March 2017, a clear indication of customer's confidence in the Bank.-PR
Copyright Business Recorder, 2017