Global IME Bank Limited has reported fall in net profit of 2.12% to Rs.1.44 arba in the third quarter of fiscal year 2074/75.
As per the published report, net profit of the bank decline to Rs.1.44 arba in Q3 from Rs 1.47 arba in the corresponding quarter of last year.
During this period, the bank has collected deposit of Rs. 1.02 kharba & floated in loan & advance of Rs.89.07 arba. In the corresponding quarter of previous FY, deposit collection was Rs. 85.81 arba & floated loan of Rs.73.13 arba.
The bank has borrowing of Rs.1.05 arba from 7.84 crore.
Net interest income of bank has risen to Rs.2.61 arba from Rs.2.65 arba in last year. Likewise, operating profit has fall to Rs.1.82 arba from Rs. 1.92 arba in corresponding quarter of last year. Due to increase in interest expenses & operating expenses, net profit & operating in the Q3 has decreased.
Its paid up capital is Rs. 8.89 arba with reserves of Rs. 3.61 arba.
Its non-performing loan is at 1.29% from 1.53% in the last year.
Annualized earning per share is Rs. 21.67, Net worth per share is Rs. 143.44 & Price to earning ratio stands at 14.35 times.
Major indicators
Cost of fund: 8.22%
CD ratio: 75.29%
Return on equity: 15.18%
Return on asset: 1.57%
Also Read: Nepal Bank earned Rs. 2.56 arba in Q3
