Global IME Bank Reports 24.49% Growth in Q1 Net Profit to Rs. 2.31 Arba; EPS Rises to Rs. 23.35
Summary
Global IME Bank Limited reported a 24.49% rise in first-quarter net profit to Rs. 2.31 Arba, while EPS increased to Rs. 23.35. Deposits and loans also grew, and the bank’s NPL ratio improved slightly to 4.79%.
Key Points
- Global IME Bank Limited posted net profit of Rs. 2.31 Arba in Q1 FY 2083/84, up 24.49% year-on-year.
- Deposits rose 3.11% to Rs. 6.90 Kharba and loans and advances increased 7.49% to Rs. 4.72 Kharba.
- Operating profit climbed 35.88% to Rs. 3.22 Arba as impairment charges fell by 51.70%.
- EPS rose 19.70% to Rs. 23.35, while the bank’s NPL ratio improved to 4.79%.
