Excellent rise in net interest income leads to 37.32% rise in net profit of Global IME Bank; EPS and PE stands at Rs 21.40 and 15.84 times
Thu, Jan 28, 2021 8:30 AM on Financial Analysis, Company Analysis, Latest,
Global IME Bank Limited (GBIME) has published its second-quarter report for the FY 2077/78 with an excellent rise in net profit by 37.32%.
The bank’s profit has increased from Rs 1.68 arba in the second quarter of the fiscal year 2076/77 to Rs 2.31 arba in the second quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 1.43 arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers has a growth rate of 10.41% (compared to the immediate previous year ending) to Rs 2.34 kharba and loans and advances to customers have increased by 7.07% (compared to the immediate previous year ending) to Rs 2.03 kharba in the second quarter. The net interest income of the bank has increased by 34.47% to Rs 4.77 arba from Rs 3.54 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 21.63 arba with Rs 9.22 arba as its reserve and surplus.
The Non-Performing Loan (NPL) has increased to 1.72% from 1.2%.
In the second quarter, the annualized EPS of the bank stands at Rs 21.40. The net worth per share stands at Rs 142.63 and the qtr end PE ratio stands at 15.84 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars (In Rs '000) |
Global IME Bank |
||
|---|---|---|---|
|
Q2 2077/78 |
Q2 2076/77 |
Difference |
|
|
Share Capital* |
21,632,503 |
18,975,880 |
14.00% |
|
Share Premium* |
0 |
5,393 |
|
|
Retained Earnings* |
1,521,038 |
1,673,610 |
-9.12% |
|
Reserves* |
7,700,821 |
8,179,513 |
-5.85% |
|
Deposits from Customers* |
234,412,325 |
212,315,385 |
10.41% |
|
Loans & Advances to customers* |
203,789,767 |
190,336,853 |
7.07% |
|
Net Interest Income |
4,771,854 |
3,548,698 |
34.47% |
|
Impairment Charge/(Reversal) |
297,826 |
413,952 |
0.00% |
|
Personnel Expenses |
1,631,127 |
1,169,384 |
39.49% |
|
Operating Profit |
3,237,666 |
2,369,056 |
36.66% |
|
Profit/(Loss) for the Year |
2,315,118 |
1,685,908 |
37.32% |
|
Total Comprehensive Income |
2,402,868 |
1,678,827 |
43.13% |
|
Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments |
1,432,046 |
|
|
|
Capital Adequacy Ratio (CAR) |
12.65 |
11.47 |
10.29% |
|
NPL |
1.72 |
1.2 |
43.33% |
|
CCD (as per NRB Directives) |
73.64 |
78.98 |
-6.76% |
|
Cost of Fund (%) |
5.12 |
6.79 |
-24.59% |
|
Interest Rate Spread (%) |
4.69 |
5.31 |
-11.68% |
|
Base Rate (%) |
6.76 |
9.64 |
-29.88% |
|
Annualized EPS (In Rs.) |
21.40 |
17.77 |
20.46% |
|
Net Worth per Share (In Rs.) |
142.63 |
151.95 |
-6.14% |
|
Qtr End PE Ratio (times) |
15.84 |
- |
- |
|
Qtr End Market Price |
339 |
- |
- |
