Kathmandu. Global IME Bank in the last fiscal year 2082. The financial statements for the first quarter of 83 years (July-September) have been made public.
According to the financial report, Global IME Bank has earned a net profit of Rs 1.85 billion in the first three months of the current FY. Previous fiscal year 2081. In the first quarter of the current fiscal year, the bank earned a net profit of Rs 1.51 billion. The profit of the bank increased by 22.92 percent compared to the previous year.
The distributable profit of the bank stood at Rs 4.84 billion in the review period. As of the first quarter, the bank has the capacity to distribute 22.95 percent dividend. The dividend of the bank was 14.24 percent in the same period of the previous year.
The bank’s operating profit stood at Rs 2.37 billion as of mid-September of the current fiscal year. Operating profit was Rs 2.14 billion in the same period a year ago. The operating profit of the bank has also increased by 10.44 percent.
The bank has earned Rs 4.13 billion in interest income till mid-September. The bank had posted a net profit of Rs 4.11 billion in the same period last year. Interest income increased by 0.34 percent in the review period compared to the previous year.
The bank has paid-up capital of Rs 38.11 billion with rated earnings of Rs 4.84 billion and reserve capital of Rs 25.45 billion. In the previous year, the retained earnings were Rs 4.05 billion and the reserve was Rs 24.45 billion.
During the review period, the bank collected deposit of Rs 582.25 billion and extended loan of Rs 421.25 billion. The bank had collected deposit of Rs 550.62 billion and extended loans of Rs 410.11 billion in the previous fiscal year.
The non-performing assets ratio (NPL) of the bank has increased to 4.98 percent as of mid-September of the current fiscal year. The NPL of the bank was 4.67 percent in the same period last year.
In the first quarter of the current fiscal year, the bank’s annual earnings per share (EPS) has increased to Rs 19.51. The EPS was Rs. 16.74 in the same period last year. The bank has a net worth of Rs 179.50 per share with a P/E ratio of 12.10 times.
