IME Life New

Global IME Bank’s profit up 37%

SPIL
Global College
Nepal Life New

Kathmandu. Global IME Bank Limited for the current fiscal year 2081. The company had posted a net profit of Rs 4.53 billion in the third quarter of 2018-19. The bank had posted a net profit of Rs 3.30 billion in the last fiscal year. Net profit has increased by 37.12 percent.

Net interest income declined by 5.46 percent. The company’s net interest income stood at Rs 12.31 billion this year as compared to Rs 13.22 billion last year.  Operating profit increased by 34.41 percent. Last year, the operating profit was Rs 4.71 billion as compared to Rs 6.33 billion this year.

Crest

Earnings per share increased from Rs 12.20 to Rs 15.86. The distributable profit is Rs 3.54 billion.

The company has raised Rs 517 billion in deposits and has given loans of Rs 413 billion.

The company’s bad loans have increased to 4.98 percent. Last year, bad loans stood at 4.74 per cent.

Net worth per share of the company is Rs.  173.47.

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