Global IME witness rise in net profit by 5.04%

KATHMANDU: Global IME Bank Limited has recorded a rise in net profit by 5.04% in the  first-quarter of  2078-79.

The bank’s profit has increased from Rs 1.05 billion in the first quarter of the fiscal year 2077-78 to Rs 1.11 billion in the first quarter of the fiscal year 2078-79. In the same quarter, the bank has Rs 3.35 billion as distributable profit after PL Appropriation and Regulatory Adjustments.

The bank’s paid-up capital stands at Rs 21.63 billion with Rs 12.12 billion as its reserve and surplus.