Jyoti Bikas Bank Limited (JBBL) has released its revised financial statements for the third quarter of the current fiscal year. As per the details, the net interest income of the bank has decreased compared to the same period of the previous fiscal year while the net profit has increased.

The bank's net profit increased by 38.19 percent to Rs. 602.5 million during the review period, while net interest income declined by 6.33 percent to Rs. 1.18 billion. Despite the decline in net interest income, the increase in net profit was due to increase in net fee and commission income and other operating income. The bank's operating profit increased by 38.24 percent during the review period.

As of mid-April, the bank's distributable profit stood at Rs. 433.11 million. Such profit of the bank was only Rs. 95.4 million in the corresponding period of the previous fiscal year.

Along with net profit, the bank's earnings per share has also improved. Such income of the bank has increased by Rs 4.26 paise to Rs 20.89 paise from Rs 16.63 paise till mid-April of the last fiscal year. During the same period, the bank's price-to-earnings ratio stood at 12.73 times and its net worth per share stood at Rs 133.53.

Compared to the end of the last fiscal year, the paid up capital of the bank has increased by 10 percent and the reserve fund has increased by 27.80 percent by the end of the current fiscal year. During the review period, bank deposits increased by 24.80 percent and loans increased by 33.04 percent.