Global IME Bank has reported increased in net profit of 7.50% in the fourth quarter of this fiscal year 2074/75. It has published report based on Nepal financial reporting standard (NFRS).
As per the published report, the commercial bank has reported increased in net profit to Rs.2.15 arba in this Q4 from Rs.2.006 arba in the corresponding quarter of last fiscal year 2073/74. Net profit increased by 7.50%. Net profit during the fouth quarter is Rs.1.98 arba. Rs.17.48 crore is added on Regulatory adjustment as NRB directive. As net profit for distributable is Rs.2.15 arba.
As per the NFRS model, the bank has distributable amount Rs.2.15 arba as dividend to its shareholders.
During the period the bank has collected deposit of Rs.1.06 kharba & floated in loan & advances of Rs.93.37 arba. It has borrowing of Rs.1.03 arba. Deposit collection increase by 4.51% & loan expansion increased by 14.53% in the comparing period.
Its net interest income increased to Rs.3.82 arba from Rs.3.56 arba in the last corresponding quarter. Operating profit increased by 15.77% to Rs.2.25 arba from 1.95 arba in the last year.
Its paid up capital is Rs.8.88 arba with reserves of Rs.5.86 arba.
Its non performing loan stands at 0.69 percent from 1.60 percent from the last year
Annualized earning per share is Rs.24.26. Net worth per share is Rs.151.45. PE ratio stands at 11.95 times. As per NFRS, EPS stands at 22.30, netwoth per share stands at Rs. 165.99 & PE stands at 13.01 times.
Cost of fund is 7.04%. Credit to deposit ratio is 75.35% which means it can lend more loans. Return on equity 16%.
