Global IME Bank Limited has published its unaudited financial statement for the third quarter of the current fiscal year, showing a slight decline in profitability. The bank’s net profit decreased by 2.93% to Rs. 4 arba 40 crore, compared to Rs. 4 arba 53 crore in the same period of the previous year. The decline in profit was mainly driven by an increase in impairment charges and a reduction in net interest income.
During the review period, the bank’s net interest income fell by 3.49% to Rs. 11 arba 88 crore, while operating income increased by 3.14% to Rs. 16 arba 2 crore. However, operating profit declined to Rs. 5 arba 90 crore from Rs. 6 arba 33 crore in the previous year. On the cost side, impairment charges increased from Rs. 3 arba 11 crore to Rs. 3 arba 94 crore, adding pressure on earnings.
The bank’s non-performing loan (NPL) ratio improved slightly by 0.01 percentage points to 4.97%, indicating stable asset quality. During the review period, Global IME Bank collected Rs. 6 kharba 26 arba in deposits and disbursed Rs. 4 kharba 39 arba in loans, reflecting its large-scale banking operations.
In terms of capital position, the bank’s paid-up capital stood at Rs. 38 arba 11 crore, while reserve fund reached Rs. 26 arba 92 crore. The distributable profit declined to Rs. 3 arba 54 lakh, and earnings per share (EPS) fell to Rs. 15.40. The bank’s net worth per share stood at Rs. 178.53.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
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