KATHMANDU: Global IME Bank's profit surged by 25 per cent year-onyear to stand at Rs 5.20 billion in the fiscal year 2021-22. In fiscal year 2020-21, the bank had earned a profit of Rs 4.16 billion, as per a media release.
The bank's profit grew significantly on the back of increase in its net interest income and operating profit. During the review period, the bank's net interest income rose by 17.52 per cent, while its net fee and commission income went up by 9.27 per cent. Global IME's net operating income rose by 15.04 per cent and operating profit surged by 26.90 per cent. As of mid-July, the bank's distributable profit stood at Rs 3.20 billion.
During last fiscal, the bank's gross deposit collection was Rs 286 billion and its loan investment was Rs 272 billion. Moreover, the bank was able to reduce its bad debts from 1.41 per cent in fiscal 2020-21 to 1.22 per cent in the review year.
A version of this article appears in the print on July 24, 2022, of The Himalayan Times.
