Kathmandu. Global IME Bank has released its financial results for the first quarter of the current fiscal year.

The bank has earned a profit of Rs 2.31 billion during the period. This profit has increased by 24.48 percent compared to the same period of the previous year. The bank had earned a profit of Rs 1.85 billion in the same period of the previous year.

During this period, the bank’s net interest income, operating profit has increased and provisions have decreased. This has helped the bank to increase its profit. The bank’s net interest income stood at Rs 4.19 billion. It was Rs 4.13 billion in the same period last year.

Similarly, the operating profit of the bank has increased from Rs 2.37 billion to Rs 3.22 billion. The bank’s impairment charge has increased from Rs 1.01 billion to Rs 48.83 crore. The distributable profit of the bank is Rs 2.07 billion.

The bank has a paid-up capital of Rs 39.64 billion and a reserve fund of Rs 27.96 billion. The bank has collected deposits of Rs 690 billion and extended loans of Rs 471.96 billion till mid-October.

The non-performing loan of the bank has come down from 4.98 percent to 4.79 percent. The bank’s earnings per share has reached Rs 23.35 and the net worth per share is Rs 175.77.