Global IME Bank's profit above Rs 2 billion

Jan Wed 2021 06:22:50

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Global IME Bank's profit above Rs 2 billion

Kathmandu: As of the second quarter of the current fiscal year, most of the indicators of Global IME Bank have increased attractively. The net profit of the bank has increased by 37.32% to Rs. 2.31 billion during this period. The bank had earned only Rs 1.68 billion in the same period last year. The bank's net interest income has increased by 34.46% and operating profit by 36.66% during the period.

By mid-January, the bank's distributable profit has also increased by 18.49%. The bank has managed to increase deposit mobilization by 18.75% and credit investment by 6.96% in a year.

 By mid-December, the bank's earnings per share had declined by Rs 1.13 to Rs 21.40. Similarly, net worth per share has also declined by Rs 2.6 to Rs 142.63. The NPL ratio of the bank has increased from 1.20% to 1.72%.