Global IME profit upsurges by 38.78 % in Q1

Global IME Bank Limited (GBIME )’s net profit has increased by 38.78% in the 1^st quarter of the fiscal year 2072/73.The commercial bank has posted a net profit of Rs 31.01 crore in Q1 up from 22.34 crore in the corresponding quarter of the previous fiscal year. Publishing the unaudited financial report for the first quarter today, the commercial bank has mobilized deposits of Rs 63.09 arba in Q1 increasing from Rs 53.89 arba in the corresponding quarter of the previous fiscal year. It extended loans of Rs 52.10 arba in Q1 , rising from Rs 45.53 arba. Its net interest income increased from 56.19 crore to Rs 58.67 crore in Q1. Global IME has a paid up capital of Rs 6.16 arba in Q1 and reserve of Rs 1.47 arba . The commercial bank has an operating profit of Rs 43.59 crore. It’s NPL decreased by 1.98% from 2.88 5 in the first quarter. Global IME’s annualized EPS now stands at Rs 20.35.Its net worth per share at Rs 123.89, and P/E ratio at 25.55 times.