Global IME Bank Earns Net Profit of Over Rs 6 Billion, Non-Performing Assets (NPAs) Decline by 1.22 Percent (with details)

Kathmandu. Global IME Bank has published its financial statements. The bank has published its unaudited financial statements for the fourth quarter of the last FY. 

According TAG_CLOSE_span_32 TAG_OPEN_span_32 to the bank’s financial statement, the bank’s net profit has increased by 22.67 percent TAG_OPEN_span_31}}22.67 according to the financial statement released by the TAG_CLOSE_span_33 bank.

The TAG_CLOSE_span_30 bank earned a net profit of Rs. 6.22 billion during the period.In the same TAG_OPEN_span_29 period of the previous FY, the TAG_CLOSE_span_29 bank had earned a net profit of Rs. 507.63 crores.

Similarly, TAG_CLOSE_span_28 the bank’s net interest income decreased to Rs. 16.20 billion TAG_CLOSE_span_27TAG_OPEN_span_27while the bank’s bad loans decreased from to {{}} from 1.22 to 0.59.

According to the financial statements, TAG_OPEN_span_22TAG_CLOSE_span_23 TAG_OPEN_span_23 TAG_CLOSE_span_24 the bank’s operating profit increased by 4.78 percent to Rs. 4.78 billion, while the bank’s operating profit {{{TAG_CLOSE_span_22 TAG_OPEN_span_21}}}20.03 increased by 4 percent to Rs. 8.68 billion.

In addition, the bank has a distributable profit of Rs. 12.02 and a distributable profit of Rs. 4.58 billion and Rs. 4.TAG_CLOSE_span_20.}} {TAG_CLOSE_span_19 TAG_OPEN_span_19} and distributable profit of Rs. 4.58 billion.TAG_OPEN_span_20 SimilarlyTAG_OPEN_span_17TAG_CLOSE_span_18, the TAG_CLOSE_span_17 bank’s earnings per share increased by TAG_OPEN_span_16 Rs 3.02 to Rs 16.34 from Rs 13.32 (TAG_CLOSE_span_16}}, which increased by Rs 3.02 to Rs 16.34 from Rs 13.}}.

The bank’s net TAG_CLOSE_span_14 worth per share TAG_OPEN_span_14 is Rs. 183.14 per share, as against , according to the bank’s statement.  

This report can be viewed on the banking world’s report portal {.

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