GBIME meager 3.28% profit rise in Q4; staff expenses surged to Rs 62.88 cr from 37.38 cr
Wed, Jul 29, 2015 12:00 AM on Others,
ShareSansar July 29:
Global IME Bank Limited (GBIME) has reported a meager rise in profit at the end of the last fiscal year 2071/72.
Publishing the unaudited quarterly report for the fourth quarter, the commercial bank has stated that it has posted a net profit rise of 3.28 percent in the fourth quarter as its net profit rose to Rs 1arba, up from Rs 97.40 crore in the corresponding quarter last fiscal year 2010/71.
Its net interest income surged to Rs 2.28 arba in last fiscal up from Rs 1.75 arba in the fourth quarter of fiscal year 2070/71. Its operating profit in fourth quarter of last fiscal year stands at Rs 1.27 arba.
The staff expenses of GBIME have increased to Rs 62.88 crore in fourth quarter of last fiscal year up from Rs 37.38 crore in the corresponding quarter of fiscal year 2070/71 which is a rise of 68 percent.
The bank had mobilized Rs 60.17 arba in deposit and extended Rs 50.22 arba in loan as compared to Rs 52.29 arba in deposit and Rs 43.01 arba in loan by the end of the corresponding quarter of fiscal year 2070/71.
The bank’s non-performing loan has slightly come down from 2.55 percent in the fourth quarter of the fiscal year 2070/71 to 2.19 percent in fourth quarter of last fiscal year.
Global IME Bank’s EPS now stands at Rs 20.07, P/E ratio at 23.87 times and its net worth per share stands at147.04. Its CD ratio stands at Rs 75.16 percent.
At present GBIME has a paid up capital of Rs 5.01 arba and a reserve of Rs 2.35 arba.
Its last traded price stands at Rs 480 as on July 28.
| Global IME Bank | |||
| Rs. In "000" | |||
| 4th Qtr. FY 2071/72 | 4th Qtr. FY 2070/71 | Growth (%) | |
| Paid-up Capital (Rs.) | 5,011,600.00 | 4,976,640.00 | 0.70% |
| Reserve (Rs.) | 2,357,285.00 | 1,149,657.00 | 105.04% |
| Deposits (Rs.) | 60,175,984.00 | 52,292,058.00 | 15.08% |
| Loans and Adv. (Rs.) | 50,226,650.00 | 43,018,763.00 | 16.76% |
| Net Interest Income (Rs.) | 2,289,400.00 | 1,758,400.00 | 30.20% |
| Provision for Possible Losses (Rs.) | 518,710.00 | 438,798.00 | - |
| Operating Profit (Rs.) | 1,276,341.00 | 922,185.00 | 38.40% |
| Write Back (Rs.) | 472,851.00 | 410,949.00 | - |
| Net Profit (Rs.) | 1,005,999.00 | 974,036.00 | 3.28% |
| Capital Adequacy Ratio (%) | 12.99% | 12.38% | 4.93% |
| Non-Performing Loan (%) | 2.19% |
2.55% |
- |
| Cost of Funds (as per NRB) (%) | 4.19% | 4.84% | - |
| Base Rate (%) | 7.59% | 7.92% | - |
| Interest Spread (%) | 4.11% | 5.34% | - |
| Earning Per Share (annualised) | 20.07 | - | - |
| P/E Ratio (Times) | 23.87 | - | - |
| Net Worth per Share (Rs.) | 147.04 | - | - |
