Global IME Bank Limited (GBIME) has published its unaudited financial report for the first quarter of the fiscal year 2082/83. According to the report, both the bank’s net profit and earnings per share (EPS) have increased compared to the same period last fiscal year.
The bank earned a net profit of NPR 1.85 billion during the first three months of the current fiscal year a 22.92% increase from NPR 1.51 billion recorded in the corresponding period last year.
The growth in net interest income, fee and commission income, and operating profit contributed to the overall increase in earnings. During the review period, net interest income rose by 0.34%, fee and commission income by 2.62%, total operating income by 5.36%, and operating profit by 10.44%.
As of the end of Ashoj, the bank’s distributable profit reached NPR 4.85 billion, while its distributable EPS stood at NPR 22.95. The bank’s overall EPS increased to NPR 19.51, up by NPR 2.77 from the same period last year.
Similarly, the bank’s net worth per share stood at NPR 179.50, and its price-to-earnings (P/E) ratio was 12.10 times.
Global IME Bank currently has a paid-up capital of NPR 38.11 billion, a reserve fund of NPR 30.30 billion, deposits of NPR 582 billion, and loans disbursed totaling NPR 421 billion as of the end of the first quarter.
Published by Global IME Bank on 2082-7-21
