Global IME Bank Reports Growth In Net Profit By Small Percentage In Q1; Analyze The Major Financial Indicators
Mon, Nov 1, 2021 10:19 AM on Company Analysis, Latest,
Global IME Bank Limited (GBIME) has published its first-quarter report for the FY 2078/2079 with a rise in net profit by 5.04%.
The bank’s profit has increased from Rs 1.05 Arba in the first quarter of the fiscal year 2077/2078 to Rs 1.11 Arba in the first quarter of the fiscal year 2078/2079. In the same quarter, the bank has Rs 3.35 Arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposit from customers remained stagnant at Rs. 2.67 kharba whereas loans and advances to customers increased by 9.88% to Rs. 2.51 kharba (compared to the immediate previous year ending) till the first quarter.
The net interest income of the bank has declined by 9.82% to Rs 2.33 Arba from Rs 2.59 Arba of the corresponding quarter.
The bank’s paid-up capital stands at Rs. 21.63 Arba with Rs 12.12 Arba as its reserve and surplus.
The Non-Performing Loan (NPL) came at 1.62% from 1.83%.
The annualized EPS of the bank stands at Rs 20.57. The net worth per share stands at Rs. 156.05. The company traded at a P/E ratio of 19.43 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
|
Particulars |
Global IME Bank Limited |
||
|---|---|---|---|
|
Q1, 2078/2079 |
Q1, 2077/2078 |
Difference |
|
|
Paid-Up Capital |
21,632,503.00 |
21,632,503.00 |
- |
|
Share Premium |
0.00 |
0.00 |
- |
|
Retained Earnings |
3,358,011.00 |
2,850,895.00 |
17.79% |
|
Reserves |
8,767,493.00 |
8,204,986.00 |
6.86% |
|
Deposits from Customers |
267,660,544.00 |
268,433,792.00 |
-0.29% |
|
Loans & Advances to Customers |
251,512,097.00 |
228,893,978.00 |
9.88% |
|
Net Interest Income |
2,338,977.00 |
2,593,609.00 |
-9.82% |
|
Fee and Commission Income |
662,973.00 |
488,064.00 |
35.84% |
|
Impairment Charge/ (Reversal) |
334,286.00 |
517,004.00 |
- |
|
Personnel Expenses |
897,181.00 |
846,036.00 |
6.05% |
|
Operating Profit |
155,636.00 |
1,475,286.00 |
-89.45% |
|
Profit/ (Loss) for the period |
1,112,224.00 |
1,058,840.00 |
5.04% |
|
Total Comprehensive Income |
1,037,590.00 |
1,078,604.00 |
-3.80% |
|
Distributable Profit/(Loss) after P/L appropriation and Regulatory Adjustments |
3,358,011.00 |
- |
- |
|
Capital Adequacy Ratio (CAR) (%) |
12.65% |
12.50% |
- |
|
Non-Performing Loan (NPL) |
1.62% |
1.83% |
- |
|
CD (as per NRB Directive) |
89.14% |
72.52% |
- |
|
Cost of Fund (%) |
5.02% |
5.39% |
- |
|
Base Rate (%) |
7.41% |
7.25% |
- |
|
Annualized EPS (Rs.) |
20.57 |
19.58 |
5.04% |
|
Net Worth per share (Rs.) |
156.05 |
151.11 |
3.27% |
|
Qtr End PE Ratio (Rs.) |
19.43 |
- |
- |
|
Qtr End Market Price |
399.5 |
- |
- |
|
Price to Book (PB Ratio) |
2.56 |
- |
- |
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