Global IME Bank Limited has reported a net profit of Rs 2.31 billion in the first quarter of the current fiscal year, representing a 24.48% increase compared to the corresponding period of the previous fiscal year.

According to the bank's financial statement, its net profit reached Rs 2.31 billion (Rs 2 arba 31 crore 38 lakh), up from Rs 1.85 billion (Rs 1 arba 85 crore 86 lakh 50 thousand) recorded during the same period last year.

The bank's net interest income increased to Rs 4.19 billion from Rs 4.13 billion in the corresponding period last year. Similarly, operating profit rose from Rs 2.37 billion to Rs 3.22 billion.

The bank's impairment charge declined from Rs 1.01 billion to Rs 488.3 million, while its distributable profit stood at Rs 2.07 billion. Global IME Bank reported paid-up capital of Rs 39.64 billion and reserves of Rs 27.96 billion.

The bank's earnings per share (EPS) stood at Rs 23.35, while its net worth per share was Rs 175.77. By the end of Ashoj, the bank had collected deposits worth Rs 690 billion and extended loans amounting to Rs 471.96 billion.

The bank's non-performing loan (NPL) ratio also improved, declining from 4.98% to 4.79% during the review period.