Net profit of Global IME increased by 41.12%

Kathmandu January 28- Operating with paid up capital of Rs. 6 billion 164.2, Global IME bank has succeeded to earn Rs. 762.7 million net profit in the second quarter of current fiscal year which is 41.12% increment than the corresponding period of last fiscal year which was Rs. 540.4 million.

Reserve fund of the bank has amounted to Rs. 1 billion 921.9 million. Deposit of the bank has increased by 15.62% to Rs. 62 billion 825.2 million which was Rs. 55 billion 202.6 million last year. Lending of the bank has increased by 15.60% to Rs. 54 billion 984.9 million which was Rs. 47 billion 563.8 million. Net interest income of the bank has increased by 14.78% to Rs. 1 billion 324.6 million from Rs. 1 billion 154 million. Interest income has increased by 4.68% and interest expense has decreased by 5.52%.

Similarly, operating profit of the bank has increased by 57.96% to Rs. 1 billion 45.3 million which was Rs. 661.7 million last year. Company has kept Rs. 80.3 million in provision and has been able to recover Rs. 143.2 million bad debts.

Bank has EPS of Rs.24.75, P/E ratio of 12.73 times and net worth per share of Rs. 131.18. Risky assets of the company have rested in 12.46% while bad debt of the company is 1.64%.