Global IME Bank Posts NPR 3.25 Billion Net Profit in Q2; EPS Climbs to NPR 17.06

KATHMANDU – Global IME Bank Limited (GBIME), the country’s largest lender by paid-up capital, has reported a steady growth in its bottom line for the second quarter of the current fiscal year. According to the unaudited financial statement released today, the bank’s net profit and Earnings Per Share (EPS) have both seen a moderate uptick compared to the same period last year.

The bank clocked a net profit of NPR 3.25 billion during the first six months of the fiscal year, marking a 6.50% increase from the NPR 3.05 billion recorded in the previous year's second quarter.

Operational Highlights While the bank’s core net interest income saw a slight contraction of 3.33%, the growth in profitability was primarily fueled by a surge in fee and commission income, which rose by 9.74%. Total operating income grew by 4.69%, while operating profit saw a modest rise of 1.72%. However, the bank's distributable profit settled at NPR 2.42 billion, with the distributable EPS standing at NPR 12.73.

Key Financial Indicators (as of Q2):

• Earnings Per Share (EPS): Increased by NPR 1.04 to reach NPR 17.06.

• Paid-up Capital: Stands at a robust NPR 38.11 billion.

• Reserve Fund: Strengthened to NPR 28.69 billion.

• Deposit & Lending: The bank successfully mobilized NPR 605 billion in deposits and extended NPR 432 billion in loans.

• Net Worth: The net worth per share is reported at NPR 175.29, while the Price-to-Earnings (P/E) ratio stands at 13.24 times.

The bank's ability to maintain growth despite a dip in interest income reflects its diversified revenue streams and strong market presence in the commercial banking sector.