Global IME Bank reports a net profit of more than Rs. 5 billion

Global IME Bank has published its fourth quarter report of the last fiscal, 2021/22. According to the report, the bank has been able to earn a net profit of over Rs 5 billion.

In the review period, the bank generated a net profit of Rs 5.20 billion, a 25% increase over the previous fiscal period’s net profit of Rs 4.16 billion.

An increase in operating profit and net interest income has contributed to the increase in the bank’s net profit.

The bank grew its net interest income by 17.52 percent, net fee and commission income by 9.27 percent, total operating income by 15.04 percent, and operating profit by 26.90 percent during the review period.

During the period, the bank generated Rs 3.19 billion in operating profit.

During the review period, the bank boosted its paid-up capital by 10% and its reserve fund by 20%. The bank increased deposit rates by 3.37 percent and loan rates by 13.07 percent.

According to the fourth quarter report, the bank had an EPS of Rs 21.88, a net worth per share of Rs 156.11, and a P/E ratio of 11.49 times.