Kathmandu. Global IME Bank has earned a net profit of Rs 3.25 billion in the first quarter of the current FY.

The profit increased by 6.5 percent compared to the same period last year. The bank had posted a net profit of Rs 3.05 billion in the same period last year.

During this period, the bank’s net interest income declined and operating profit increased.

The bank’s net interest income decreased by 3.33 percent to Rs 8.02 billion and operating profit increased by 1.72 percent to Rs 4.27 billion.

The distributable profit of the bank stands at Rs 2.42 billion.

The bank’s earnings per share increased by Rs 1.04 to Rs 17.06 and net worth per share was Rs 175.29.

The bank has a paid-up capital of Rs 38.11 billion and reserve fund of Rs 28.69 billion.

The bank collected deposits of Rs 605.88 billion till mid-January and extended loans of Rs 432.96 billion.

The NPL of the bank has increased from 4.86 percent to 4.91 percent.