Salapa Bikas Bank reported a net loss of approximately Rs 3.189 million for the first nine months of the current fiscal year, improving from a loss of Rs 3.584 million in the same period last year.

The bank has shown positive momentum in income generation, with net interest income rising by 6.77% and total operating income increasing by 7.70%. Growth in fee and commission income also contributed to overall revenue improvement.

A key highlight is the significant reduction in non-performing loans (NPL), which dropped from 6.92% to 3.35%. Consequently, impairment charges also declined notably from around Rs 16.6 million to about Rs 9.8 million.

However, the bank’s distributable profit remains negative at around Rs 16.5 million. Earnings per share (EPS) stand at negative Rs 0.81, indicating that investors may need to wait longer for returns.

The bank’s paid-up capital has reached approximately Rs 520 million, with reserves of around Rs 19.5 million. Net worth per share stands at Rs 103.75.

In terms of business expansion, the bank has collected deposits of about Rs 1.49 billion and extended loans worth approximately Rs 1.19 billion as of the end of the third quarter.