Global IME Bank Limited Posts Rs. 4.40 Arba Net Profit; Improved Funding Efficiency in Q3
Summary
Global IME Bank Limited reported a 2.93% decline in net profit to Rs. 4.40 Arba for Q3 FY 2082/83, with increased impairment charges impacting income despite growth in deposits and loans.
Key Points
- Global IME Bank Limited posted a net profit of Rs. 4.40 Arba in Q3 FY 2082/83, down 2.93% from the previous year.
- Impairment charges increased by 25.87% to Rs. 3.91 Arba, affecting the bank's income.
- Deposits grew by 13.69% to Rs. 6.26 kharba and loans increased by 7.05% to Rs. 4.39 kharba.
- The cost of funds decreased to 3.58%, indicating improved funding efficiency, while the capital adequacy ratio slightly declined to 12.06%.
