Free Profit of Global IME Bank reported as Rs 51.76 crore; EPS stands at Rs 24.06 in the first quarter

Tue, Nov 13, 2018 8:13 AM on Featured, Financial Analysis, Stock Market,

Global IME Bank Limited (GBIME) has published its first quarter report based on the Nepal Financial Reporting Standards (NFRS). The bank has reported a rise in the net profit by 36.36% in the first quarter of the fiscal year 2075/76.

The bank’s profit has increased from Rs 39.29 crore in the first quarter of the fiscal year 2074/75 to Rs 53.58 crore in the first quarter of the fiscal year 2075/76. In the first quarter of the FY 2075/76, the bank has Rs 51.76 crore as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.

The bank’s deposit has low growth rate of 6.22% to Rs 1.11 kharba and loans and advances have also increased by 14.55% to Rs 99.50 arba in the first quarter. The borrowings of the bank have increased to Rs 1.22 arba from Rs 37.67 crore. The net interest income of the bank has also increased to Rs 1.20 arba from Rs 77.35 crore of the corresponding quarter.

The bank’s paid up capital stands at Rs 8.88 arba with Rs 5.73 arba as its reserve.

The Non-Performing Loan (NPL) has also decreased to 1.05% from 1.57%.

In the first quarter, the EPS of the bank stands at Rs 24.06. The net worth per share stands at Rs 164.53.

Major Highlights: 

Particulars (In Rs '000)

GBIME

Q1 2075/76

Q1 2074/75

Difference

Paid Up Capital

8,888,376

8,080,342

10.00%

Reserve & Surplus

5,735,850

4,643,168

23.53%

Deposits

111,469,063

104,941,195

6.22%

Borrowings

1,229,650

376,790

226.35%

Loans & Advances

99,509,791

86,873,171

14.55%

Net Interest Income

1,200,899

773,539

55.25%

Operating Profit

753,173

536,661

40.34%

Net Profit

535,845

392,963

36.36%

Total Comprehensive Income afterShare of NCI

534,726

335,668

59.30%

Add/ Less: Regulatory adjustment as per NRB

(18,161)

(53,315)

-65.94%

Free Profit/ (Loss) after Regulatory Adjustments

517,683

339,648

52.42%

NPL

1.05

1.57

-33.12%

Annualized EPS (In Rs.)

24.06

16.62

44.82%

Net Worth per Share (In Rs.)

164.53

157.46

4.49%

P/E Ratio (In times)

13.19

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