Global IME Bank Posts 1.10% Profit Growth Despite Higher Impairment Charges

Global IME Bank Limited (GBIME) has published its unaudited financial report for the fourth quarter of FY 2081/82, showing a modest 1.10% year-on-year net profit growth. The bank posted a net profit of NPR 6.20 billion compared to NPR 6.13 billion in the same period last year.

The increase in impairment charges—from NPR 3.61 billion to NPR 4.30 billion—put pressure on overall profitability. While net interest income dropped by 0.85%, net fee and commission income rose by 20.12% and total operating income by 3.01%. However, operating profit declined by 2.75%.

Earnings per share (EPS) increased by NPR 0.18 to NPR 16.28, with net worth per share standing at NPR 177.63 and the price-to-earnings (P/E) ratio at 15.95 times. The bank’s paid-up capital stands at NPR 38.11 billion, while reserve funds have reached NPR 29.58 billion.

As of the fiscal year-end, the bank collected deposits worth NPR 550 billion and extended loans worth NPR 411 billion. Distributable profit stands at NPR 5.37 billion, translating to a distributable EPS of NPR 14.11.