Global IME Bank Limited (GBIME) has posted a profit rise by 20.57% in the second quarter of the fiscal year 2073/74.
As per the second quarterly report published by the commercial bank today, it has earned a net profit of Rs 91.77 crore in the second quarter of the fiscal year 2073/74, up from Rs 76.11 crore in the corresponding period of the previous fiscal year 2072/73.
The bank’s net interest income has surged to Rs 1.68 arba in Q2, up from Rs 1.32 arba in the corresponding quarter of the previous fiscal year.
Global IME Bank has collected Rs. 84.04 arba in deposits. It has disbursed loan and advances of Rs 71.51 arba in Q2. The deposits and loan amounts stood at Rs 63.82 arba and Rs 54.98 arba respectively in the corresponding quarter of the previous fiscal year.
The paid up capital of the development bank remains at Rs 7.15 arba with a reserve of Rs 2.48 arba. It has proposed 16% bonus share from profits in FY 2072/73, and is in the process of acquiring Pacific Development Bank and Reliable Development Bank. After the acquisitions, its paid up capital will easily reach over Rs 8 arba, thereby meeting the minimum NRB requirement by the end of the FY 2073/74.
SDBL’s non-performing loan has slightly decreased to 1.61% from 1.64 % in Q2 of the FY 2073/74.
Its annualized Earning per Share (EPS) stood at Rs 25.64, net worth per share at Rs 134.73 and P/E ratio at 16.69 times.
| Indicators (Rs in "000") |
FY 2073/74 Q2 |
FY 2072/73 Q2 |
Difference (%) |
| Paid Up Capital |
7,150,550.00 |
6,164,268.00 |
16.00% |
| Reserve and Surplus |
2,483,389.00 |
1,927,117.00 |
28.87% |
| Borrowings |
2,100,000.00 |
2,514,674.00 |
|
| Deposits |
84,046,017.00 |
63,821,198.00 |
31.69% |
| Loans and Advances |
71,516,372.00 |
54,984,978.00 |
30.07% |
| Net Interest Income |
1,689,765.00 |
1,324,642.00 |
27.56% |
| Provision |
270,934.00 |
80,331.00 |
237.27% |
| Write Back |
195,054.00 |
143,203.00 |
36.21% |
| Operating Profit |
1,191,668.00 |
1,041,041.00 |
14.47% |
| Net Profit |
917,768.00 |
761,160.00 |
20.57% |
| Capital Adequacy Ratio |
11.87% |
12.47% |
- |
| NPL |
1.61% |
1.64% |
-1.83% |
| Cost of Fund |
4.05% |
3.06% |
|
| EPS (Annualized) |
25.67 |
24.70 |
3.94% |
| PE Ratio |
16.69 |
|
|
| Networth Per Share |
134.73 |
|
|
