Global IME Bank Limited Reported Impressive Growth in Major Profitability Indicators In Q4; Look At The Major Highlights
Mon, Aug 16, 2021 7:31 AM on Latest, Company Analysis,
Global IME Bank Limited (GBIME) has published its fourth-quarter report for the FY 2077/78 with a rise in net profit by 41.87%.
The bank’s profit has increased from Rs 2.90 arba in the fourth quarter of the fiscal year 2076/77 to Rs 4.12 arba in the fourth quarter of the fiscal year 2077/78. In the same quarter, the bank has Rs 2.76 arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers increased by 26.43% to Rs. 2.68 kharba (compared to immediate previous year ending) whereas loans and advances to customers increased by 20.26% to Rs. 2.28 kharba (compared to the immediate previous year ending) till the fourth quarter.
The net interest income of the bank has increased by 9.47% to Rs 9 arba from Rs 8.22 arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs 21.63 arba with Rs 11.05 arba as its reserve and surplus.
The Non-Performing Loan (NPL) came at 1.42% from 1.76%.
The EPS of the bank stands at Rs 19.08. The net worth per share stands at Rs 151.11. The company traded at a P/E ratio of 23.12 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars |
Global IME Bank Limited |
||
|---|---|---|---|
|
Q4, 2077/2078 |
Q4, 2076/2077 |
Difference |
|
|
Share Capital |
21,632,503.00 |
18,975,880.00 |
14.00% |
|
Reserve & Surplus |
11,055,881.00 |
9,858,516.00 |
12.15% |
|
Loans and Advances |
228,893,978.00 |
190,336,853.00 |
20.26% |
|
Deposit from Customers |
268,433,792.00 |
212,315,385.00 |
26.43% |
|
Net Interest Income |
9,000,358.00 |
8,222,013.00 |
9.47% |
|
Impairment charge/(Reversal) for loans |
1,184,808.00 |
1,954,427.00 |
- |
|
Operating Profit |
5,862,071.00 |
4,246,457.00 |
38.05% |
|
Net Profit |
4,126,512.00 |
2,908,664.00 |
41.87% |
|
Capital Adequacy Ratio (CAR) |
13.17% |
12.48% |
- |
|
Non-performing Loan (%) |
1.42% |
1.76% |
- |
|
Cost of Funds (%) |
4.66% |
6.21% |
- |
|
Base Rate (%) |
6.60% |
8.42% |
- |
|
CCD Ratio (as per NRB Directives) |
76.31% |
73.18% |
- |
|
EPS (Rs.) |
19.08 |
15.33 |
- |
|
Net Worth per share (Rs.) |
151.11 |
151.95 |
- |
|
Price to Earnings (Times) |
23.12 |
- |
- |
|
Price to Book (Times) |
2.92 |
- |
- |
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