Kathmandu. Global IME Bank in the current fiscal year 2082. The company has made public the unrevised financial statements for the third quarter (July-March) of 83 B.S.
According to the financial report, the bank has earned a net profit of Rs 4.40 billion in the first nine months of the current FY. Previous fiscal year 2081. During the same period, the bank earned a net profit of Rs 4.53 billion. The profit of the bank decreased by 2.93 percent compared to the previous year.
The distributable profit of the bank stood at Rs 3.54 billion in the review period. The bank had posted a distributable profit of Rs 3.54 billion in the same period last year. The distributable profit of the bank has also decreased.
The bank’s operating profit declined to Rs 5.90 billion till mid-April. Operating profit was Rs. 6.33 billion in the same period of the previous year. The operating profit of the bank decreased by 6.82 percent.
In the third quarter, the bank earned an interest income of Rs 11.88 billion. The bank had posted a net profit of Rs 12.31 billion in the same period last year. Interest income decreased by 3.51 percent.
The bank has paid-up capital of Rs 38.11 billion with rated earnings of Rs 3.54 billion and reserve capital of Rs 26.92 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 626 billion and extended loan of Rs 439.04 billion. The bank had collected deposit of Rs 550.06 billion and extended loan of Rs 410.11 billion till mid-July of the previous year. This figure also shows that the bank’s business has increased.
The non-performing assets ratio (NPL) of the bank declined to 0.69 percent in the first quarter of the current fiscal year. The bank’s NPL was 1.70 percent in the same period last year.
The bank’s annual earnings per share (EPS) has decreased to Rs 15.40. The EPS was Rs 15.86 a year ago. The bank has a net worth per share of Rs 178.53 with a P/E ratio of 15.46 times.
