Global IME Bank Earns Rs 4.15 Billion in Magh, Strong Lending and Fee Income Boost the Profit

Kathmandu — Global IME Bank has emerged as one of the major contributors to Nepal’s banking sector profitability in Magh 2082, generating a net profit of Rs. 4.15 billion and accounting for 9.75 percent of the industry’s total earnings, according to the latest Monthly Banking and Financial Statistics.

The banking industry as a whole posted a net profit of Rs. 42.56 billion during the period, placing Global IME Bank among the top performers in the sector. The bank’s strong earnings reflect steady income from lending activities, growing fee-based income, and controlled operating costs.

Strong income from lending

Interest income remained the primary revenue source for the bank. Global IME Bank earned Rs. 23.33 billion in total interest income, representing 7.75 percent of the industry total.

A large portion of this income came from loans and advances. Interest earnings from lending alone stood at Rs. 18.86 billion, accounting for about 81 percent of the bank’s total interest income and 7.62 percent of the industry figure. This highlights the bank’s continued reliance on traditional lending activities as its core revenue driver.

Growth in fee-based income

The bank also demonstrated strong performance in non-interest income. Income from commission and discount reached Rs. 2.59 billion, giving the bank an industry share of 10.69 percent. Similarly, other operating income totaled Rs. 863.41 million, representing 10.11 percent of the industry total.

The higher industry share in fee-based income suggests that the bank has been successful in expanding services such as remittance, transaction banking, and other service-based products.

Funding and expense structure

Global IME Bank reported Rs. 13.98 billion in total interest expenses, accounting for 7.97 percent of industry expenses. Most of this cost came from deposits, which amounted to Rs. 12.85 billion, indicating that customer deposits remain the bank’s primary funding source.

Borrowing expenses stood at Rs. 1.13 billion, representing 9.68 percent of the industry borrowing cost, suggesting a moderate reliance on borrowed funds compared to peers.

In terms of operating expenses, the bank spent Rs. 2.38 billion on staff costs, which is 5.98 percent of the industry total, indicating relatively efficient human resource spending. Office operating expenses reached Rs. 1.89 billion, accounting for 7.71 percent of industry expenses.

However, commission expenses stood at Rs. 569.39 million, representing 17.60 percent of the industry figure, which reflects the bank’s extensive use of payment networks, remittance partners, and service channels.

Asset quality indicators remain stable

Loan loss provisions for the bank totaled Rs. 2.43 billion, accounting for 3.78 percent of the industry total. The relatively lower share of provisioning may indicate stable asset quality or a comparatively smaller risk exposure within the loan portfolio.

The bank also allocated Rs. 629.97 million for staff bonus provisions and Rs. 1.52 billion for income tax during the period.

Strong industry position

Overall, Global IME Bank’s performance reflects a balanced growth pattern supported by strong lending income, expanding service-based revenue, and disciplined cost management.

Despite slightly higher commission expenses and some reliance on borrowed funds, the bank’s profitability and revenue diversification place it among the leading contributors to Nepal’s banking sector performance in Magh 2082.

प्रतिक्रिया दिनुहोस्

सम्बन्धित समाचार

६ महिनामा बाणिज्य बैंकहरुको मुनाफा ११ प्रतिशतको वृद्धि

एकैदिन थपिए १० हजार बढी कोरोना संक्रमित

विद्युत खपत बढाउन प्राधिकरणले सुरु गर्यो अभियान

तीन कम्पनीको सेयर मूल्य समायोजन

सिद्धार्थ बैंकको नयाँ एक्स्टेन्सन् काउन्टर सिनामंगलमा

नेशनल लाइफको २० प्रतिशत लाभांश घोषणा