. Global IME Bank’s profit has increased . According to the unaudited financial statements published by the bank for the fourth quarter of the last fiscal year, the bank’s net profit increased by 22.67. During the period, the bank earned a net profit of Rs. 6.2 2 billion.The bank had posted a net profit of Rs 507.63 crore in the same period of the previous FY.
During the review period, the bank’s net interest income stood at Rs 16.20 billion.
Since , the bank’s bad loans have decreased from 1.22 to 0.59 percent. Due to this, the bank’s impairment charge has also decreased by 20.24 percent to Rs 4.78 billion from Rs 5.97 billion. This is the reason why the profit of the bank has increased by the end of the last fiscal year.
Similarly, the operating profit of the bank increased by 20.03 percent to Rs. 8.68 billion in the review period. The bank has a net profit of Rs. 4.58 billion and Rs. 12..02 per share of distributable and distributable profit of Rs. 12.02 crores.
The bank’s earnings per share (EPS) also increased during the review period. During this period, the bank’s EPS increased by Rs 3.02 to Rs 16.34 from Rs 13.32. The bank has a net worth of Rs 183.14 per share . The bank has collected deposits of Rs. 669 .17 billion and disbursed loans of Rs. 439.34 billion till the end of the last fiscal year, with a total paid-up capital of Rs.36..}.
Leave your comment