Global IME Bank’s net profit crosses the 1 billion margin in Q2; Net worth per share stands at Rs 143.53
Fri, Jan 25, 2019 7:46 AM on Financial Analysis, Stock Market, Latest,
Global IME Bank Limited (GBIME) has published its second quarter report for the FY 2075/76. The bank has reported a rise in the net profit by 25.46% in the second quarter of the fiscal year 2075/76.
The bank’s profit has increased from Rs 97.29 crore in the second quarter of the fiscal year 2074/75 to Rs 1.22 arba in the first quarter of the fiscal year 2075/76. In the second quarter of the FY 2075/76, the bank has Rs 1.12 arba as Free Profit after Regulatory Adjustments which can be utilized in distributing dividends to its shareholders.
The bank’s deposit has a moderate growth rate of 12.93% to Rs 1.13 kharba and loans and advances have also increased by 18.85% to Rs 1.02 kharba in the second quarter. The borrowings of the bank have decreased to Rs 2.13 arba from Rs 3.24 arba. The net interest income of the bank has also increased to Rs 2.38 arba from Rs 1.85 crore of the corresponding quarter.
The bank’s paid up capital stands at Rs 10.31 arba with Rs 4.48 arba as its reserve.
The Non-Performing Loan (NPL) has also decreased to 0.75% from 1.61%.
In the second quarter, the EPS of the bank stands at Rs 23.85. The net worth per share stands at Rs 143.53.
Major Highlights:
|
Particulars (In Rs '000) |
GBIME |
||
|---|---|---|---|
|
Q2 2075/76 |
Q2 2074/75 |
Difference |
|
|
Paid Up Capital |
10,310,516 |
8,888,376 |
16.00% |
|
Reserve & Surplus |
4,488,539 |
3,486,374 |
28.75% |
|
Deposits |
113,175,953 |
100,216,310 |
12.93% |
|
Borrowings |
2,136,220 |
3,246,790 |
-34.21% |
|
Loans & Advances |
102,408,455 |
86,163,588 |
18.85% |
|
Net Interest Income |
2,381,080 |
1,857,629 |
28.18% |
|
Operating Profit |
1,741,355 |
1,381,086 |
26.09% |
|
Net Profit |
1,229,386 |
979,925 |
25.46% |
|
Total Comprehensive Income afterShare of NCI |
1,220,377 |
1,014,938 |
20.24% |
|
Add/ Less: Regulatory adjustment as per NRB |
(102,345) |
(63,946) |
- |
|
Free Profit/ (Loss) after Regulatory Adjustments |
1,127,041 |
915,980 |
23.04% |
|
NPL |
0.75 |
1.61 |
-53.42% |
|
Annualized EPS (In Rs.) |
23.85 |
22.05 |
8.15% |
|
Net Worth per Share (In Rs.) |
143.53 |
139.22 |
3.10% |
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