DFCC Vardhana Bank was able to increase their net profit (profit after tax) for shareholders up to 531.4 million during the year 2011. The net income was increased to 92.5 percent more comparing with 2010 net profit of 276 million.
Government source said that Bank’s earnings per share have plus by 73.3 percent to Rs.2.6 in last year comparing with Rs.1.50 in 2010.
Also, Vardhana’s return on assets (ROA) was up by 0.5% recording 1.4% from 0.9% in 2010. Vardhana has performed well financially on last year increasing the total assets by 55.6% to 45,940 million. The profit was due to increases of loans and advances which bank earned Rs. 3,733 million recording an increase of 10.8 percent from interests from loans and investments.
