Global IME Bank Reports Strong Q4 with 22.67% Profit Growth, EPS at Rs. 16.34
Summary
Global IME Bank Limited posted a 22.67% rise in fourth-quarter net profit to Rs. 6.22 Arba, supported by lower impairment charges. EPS climbed to Rs. 16.34 while deposits grew 21.53% and loans and advances increased 7.13%.
Key Points
- Global IME Bank Limited reported net profit of Rs. 6.22 Arba in Q4 FY 2082/83, up 22.67% year-on-year.
- EPS rose to Rs. 16.34 and the quarter-end P/E ratio stood at 14.69 times.
- Customer deposits increased 21.53% to Rs. 6.69 Kharba, while loans and advances grew 7.13% to Rs. 4.39 Kharba.
- Lower impairment charges helped operating profit rise 20.03%, even as net interest income declined 2.86%.
