Kathmandu. Global IME Bank Limited has earned a net profit of Rs 1.58 billion. As per the details, the bank has managed to make a profit of more than Rs 1 billion during the period.

It is Rs. 305.6 million more than the corresponding period of the previous fiscal year. The bank had earned a net profit of Rs. 753.1 million in the corresponding period of the previous fiscal year.

The distributable profit of the bank during the period stood at Rs. 226.1 million. The distributable profit of the bank has decreased due to the allocation of Rs. 518.9 million in the reserve fund.

The bank's net interest income increased by Rs 1.28 billion to Rs 2.59 billion during the review period. Similarly, the operating profit of the bank increased by Rs. 432.9 million during the review period to Rs. 1.47 billion.

Despite the increase in net profit, the bank's earnings per share has declined. Such income of the bank, which was Rs. 28.87 paise till mid-October of the last fiscal year, has decreased by Rs. Similarly, the bank's net worth per share is Rs 158.59.