Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: The Global IME Bank Limited has been able to record Rs 3.08 billion net profit in the fourth quarter (Q4) of 2019-20, up by 11.81% compared to the corresponding period of the previous year. As per the financial statement published by the bank, the bank’s performance has been hit by the global pandemic which has increased its non-performing loan in the current quarter despite rise in the profit.
The bank had recorded Rs 2.76 billion profit in the previous fiscal year.
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