Global IME Bank Limited (GBIME) has registered a profit rise of 48.27 percent in the last quarter of the fiscal year 2073/74.
According to the unaudited financial report published by the commercial bank today, its net profit has surged to Rs 2.06 arba in fourth quarter up from Rs 1.39 crore in the corresponding quarter of the last fiscal year 2072/73. The operating profit has increased to Rs 2.75 arba from Rs 1.86 arba as compared to the corresponding quarter of last fiscal year.
Global IME Bank’s net interest income has risen to Rs 3.64 arba in the fourth quarter as compared to Rs 2.90 arba in the corresponding quarter. Its paid up capital and reserves remains at Rs 8.08 arba and 4.15 arba respectively.
The bank also amassed huge amount of deposits. Deposits collections have reached Rs 101.12 arba in Q4 this year from Rs 74.63 arba in the corresponding period last year.
Likewise, it has extended loans and advances of Rs 81.17 arba in Q4 whereas in the same period last year the figure stood at Rs 60.84 arba. Its CCD ratio as of the end of Q4 stands at 72.44%.
Its non-performing loan has declined to 1.57 percent in Q4 from 1.89 percent in the previous year report.
Annualized Earnings per share (EPS) of GBIME stand at Rs 25.22, net worth per share at 161.31, and the P/E ratio at 15.38 times.
The liquidity position of the bank remains at comfortable level. The bank has acquired Reliable Development Bank Limited and started integrated transaction from Ashad 25, 2074. As a result of acquisition, the bank’s share capital, reserve and surplus, loans and advances and deposit increased.
Major Highlights:
| Indicators (Rs in "000") |
FY 2073/74 Q4 |
FY 2072/73 Q4 |
Difference (%) |
| Paid Up Capital |
8,080,342.00 |
7,150,550.00 |
13.00 |
| Reserve and Surplus |
4,150,592.00 |
1,574,319.00 |
163.64 |
| Deposits |
101,124,969.00 |
74,635,634.00 |
35.49 |
| Loans and Advances |
81,171,884.00 |
60,841,364.00 |
33.42 |
| Net Interest Income |
3,641,742.00 |
2,905,886.00 |
25.32 |
| Provision |
366,650.00 |
134,538.00 |
172.53 |
| Write Back |
3,391.00 |
609,066.00 |
|
| Operating Profit |
2,759,629.00 |
1,860,380.00 |
48.34 |
| Net Profit |
2,065,170.00 |
1,392,845.00 |
48.27 |
| Capital Adequacy Ratio (%) |
12.72 |
12.35 |
3.00 |
| NPL (%) |
1.57 |
1.89 |
(16.93) |
| Cost of Fund (%) |
7.09 |
3.14 |
125.80 |
| Interest Spread (%) |
3.36 |
4.52 |
(25.66) |
| EPS (Annualized) |
25.22 |
19.48 |
29.47 |
| PE Ratio |
15.38 |
- |
|
| Networth Per Share |
161.31 |
122.02 |
32.20 |
