Kathmandu: Global IME Bank Limited has reported a net profit of Rs 6.20 billion for the fiscal year 2024/25, marking a 1.09 percent increase compared to the previous year’s Rs 6.13 billion. While overall income grew, the bank’s profit growth remained modest due to a significant rise in loan-loss provisioning.
The bank’s net interest income for the year stood at Rs 16.71 billion, down 0.85 percent from the Rs 16.85 billion recorded in FY 2023/24. In contrast, net fee and commission income surged to Rs 3.22 billion from Rs 2.68 billion, while provisioning costs rose to Rs 4.30 billion from Rs 3.61 billion.
Including Rs 1.34 billion in net trading and other operating income, Global IME generated Rs 16.97 billion in net operating income, slightly lower than Rs 17.03 billion the year before. Operating expenses saw a marginal rise, while non-operating expenses—mainly from loan write-offs—declined sharply from Rs 158.9 million to just Rs 16.3 million. As a result, operating profit fell by 2.75 percent to Rs 8.77 billion, though net profit edged up.
The bank’s earnings per share (EPS) dropped from Rs 16.99 to Rs 16.28 due to capital expansion via bonus shares. As of the end of Ashad 2082 (mid-July 2025), Global IME had transferred a net Rs 1.12 billion from regulatory reserves to retained earnings and recorded recoveries of Rs 1.39 billion in overdue interest and Rs 35.2 million from non-banking assets.
From the Rs 6.20 billion profit, about Rs 5.36 billion is distributable as dividends. Including retained earnings from previous years, the distributable profit totals Rs 4.38 billion—enabling a potential dividend payout of 14.11 percent on the bank’s paid-up capital of Rs 38.12 billion.
Key indicators show the bank’s non-performing loan (NPL) ratio increased to 4.87 percent, with net NPL at 1.23 percent. The base rate fell from 8.09 percent to 5.76 percent, and the interest rate spread narrowed from 3.99 percent to 3.63 percent. The capital adequacy ratio improved to 10.66 percent from 10.32 percent, net worth per share stood at Rs 177.63, and the price-to-earnings (P/E) ratio was 15.95.
By the end of the fiscal year, Global IME had mobilized Rs 550.63 billion in deposits and disbursed Rs 411.79 billion in loans, expanding deposits by Rs 63 billion and loans by Rs 42 billion over the year.
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