Garima Bikas Bank reports 10% rise in net profit till Q2; FInd the major highlights
Sun, Feb 9, 2020 11:35 AM on Financial Analysis, Latest, Stock Market,
Garima Bikas Bank Limited (GBBL) has published a satisfactory second-quarter report for FY 2076/77 with 10.03% growth in net profit.
GBBL’s profit has increased from Rs 29.58 crore in the second quarter of the fiscal year 2075/76 to Rs 32.55 crore in the second quarter of the fiscal year 2076/77.
The development bank’s deposit from customers increased by 13.36% to Rs 33.73 arba whereas loans and advances to customers rises by 17.74% to Rs 33.21 arba till the second quarter. The net interest income (core business income) of the bank has increased by 20.21% to Rs 80.62 crore from Rs 67.06 crore of the corresponding quarter.
GBBL’s paid-up capital stands at Rs 3.23 arba with Rs 62.74 crore as its reserve and surplus. The Non-Performing Loan (NPL) has also slightly increased to 0.39% from 0.28%.
In the second quarter, the annualized EPS of the bank stands at Rs 20.10. The net worth per share stands at Rs 126.34 and PE ratio stands at 11.26 times.
Major highlights
| Particulars | Garima Bikas Bank | ||
|---|---|---|---|
| Q2 2076/77 | Q1 2076/77 | Difference | |
| Paid Up Capital | 3,238,689,428 | 2,788,367,997 | 16.15% |
| Share Premium | 97,068 | 97,068 | 0.00% |
| Retained Earnings | 225,477,911 | 484,724,312 | -53.48% |
| Reserves | 627,486,157 | 517,323,781 | 21.29% |
| Deposits from Customers | 33,738,115,930 | 29,762,509,255 | 13.36% |
| Loans & Advances to customers | 33,215,782,104 | 28,210,992,186 | 17.74% |
| Q2 2076/77 | Q2 2075/76 | ||
| Net Interest Income | 806,201,427 | 670,676,302 | 20.21% |
| Impairment Charge/(Reversal) | 79,901,959 | 54,154,231 | 47.55% |
| Personnel Expenses | 255,550,788 | 194,671,746 | 31.27% |
| Operating Profit | 465,050,191 | 422,671,113 | 10.03% |
| Profit/(Loss) for the Year | 325,535,133 | 295,869,779 | 10.03% |
| Total Comprehensive Income | 324,938,534 | 289,162,383 | 12.37% |
| Capital Adequacy Ratio (CAR) | 13.78 | 15.91 | -13.39% |
| NPL | 0.39 | 0.28 | 39.29% |
| CCD (as per NRB Directives) | 79.2 | 78.26 | 1.20% |
| Cost of Fund (%) | 8.51 | 8.9 | -4.38% |
| Base Rate (%) | 10.95 | 11.52 | -4.95% |
| Annualized EPS (In Rs.) | 20.10 | 21.22 | -5.27% |
| Net Worth per Share (In Rs.) | 126.34 | ||
| Qtr End PE Ratio (times) | 11.26 | ||
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