Financial Performance
Global IME Bank Limited has published its unaudited financial results for the first half of the fiscal year 2082/83. The report shows that the bank’s net profit increased by 6.50%, reaching Rs. 3.25 billion, compared to Rs. 3.05 billion during the same period last year. Despite a slight decline in net interest income, the increase in fees and commission income, total operating income, and operating profit contributed to the growth in net profit.
As of the end of the second quarter, the bank’s net interest income declined by 3.33%, reaching Rs. 8.02 billion, while total operating income grew by 4.69% to Rs. 10.87 billion. Operating profit rose by 1.72% to Rs. 4.28 billion.
Asset Quality and Impairment
The bank’s impairment charges increased from Rs. 2.20 billion to Rs. 2.43 billion, and the non-performing loan (NPL) ratio rose slightly by 0.05 percentage points to 4.91%.
Deposits and Loans
During the review period, the bank collected deposits of Rs. 605.88 billion and disbursed loans of Rs. 432.97 billion, maintaining a loan-to-deposit ratio (CD ratio) of 71.55%. The base rate stood at 5.16%.
Capital and Shareholder Metrics
Global IME Bank’s paid-up capital is Rs. 38.12 billion, with a reserve fund of Rs. 26.28 billion. Distributable profit stood at Rs. 2.43 billion, translating to distributable earnings per share (EPS) of Rs. 12.73. Overall EPS increased by Rs. 1.04 to Rs. 17.06 per share, net worth per share reached Rs. 175.29, and the price-to-earnings (P/E) ratio stood at 13.24x.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
