The bank that expanded its deposit and loan expansion in the review period also improved its capital fund ratio. Moreover, the decrease in non-performing loan ratio, spread rate and base interest rate and increased in paid-up capital and EPS also indicates a bright future for the bank.
As per the financial report published under NFRS format, Global IME increased its net profit by 33.02 percent to Rs 2.79 billion. According to the report, the bank with Rs 10.31 billion in paid-up capital can distribute a dividend of 23 percent to its shareholders. The bank earned a distributable profit of Rs 2.42 billion during the period.
In the review period, the bank maintained 12.31 percent of capital fund ratio after issuing 16 percent bonus share and Rs 1 billion worth of debenture.
During the period, the bank increased its deposit collection by 14.53 percent to Rs 108.98 billion from Rs 88.87 billion of the corresponding period of the last FY. Similarly, it increased its loan extension by 22.62 percent to Rs 120.08 billion from earlier Rs 104.85 billion. The bank has CD ratio of 78.69 percent.
Similarly, the bank increased its net interest income by 33.32 percent to Rs 5.16 billion in net interest income.
In the fourth quarter of the last FY, the bank maintained a non-performing loan of 0.55 percent, EPS of Rs 27.11, net worth per share of Rs 158.62 and P/E ratio of 10.88 times.