Kathmandu. Global IME Bank has published the financial statements for the current fiscal year 2083. The financial statements for the first quarter of 84 (July-September).
According to the financial statements, the bank has earned a net profit of Rs 2.31 billion till September of the current financial year. In the previous year, 2082. The bank had earned a net profit of Rs 1.85 billion till September of the previous year. The profit of the bank increased by 24.49 percent in the review year compared to the previous year.
The bank posted an operating profit of Rs 3.22 billion during the review period. The bank had posted an operating profit of Rs 2.37 billion in the same period last year. The operating profit has also increased by 35.88 percent compared to the previous year.
The bank’s net interest income stood at Rs 4.19 billion as of mid-September of the current financial year. This is 1.46 per cent higher than the previous year. The bank’s net interest income stood at Rs 4.13 billion in the same period last year.
The distributable profit of the bank stood at Rs 2.07 billion during the review period. In this regard, the bank has the capacity to distribute 17.75 percent dividend till the end of September of the current financial year.
The bank has a paid-up capital of Rs 39.64 billion with Rs 2.07 billion in retained earnings and Rs 27.96 billion in reserves. As of mid-July last year, the bank had a retained earnings of Rs 4.31 billion and a reserve of Rs 27.17 billion.
The bank collected deposits of Rs 690 billion and extended loans worth Rs 471.96 billion till September of the last financial year. During the same period last year, the bank collected deposits of Rs 669.17 billion and extended loans worth Rs 439.08 billion.
The bank’s annualized earnings per share (EPS) increased to Rs 23.35 during the review period. The bank’s EPS stood at Rs 19.51 in the previous year. The bank’s PE ratio stood at 10.88 times and net worth per share stood at Rs 175.77.
