Global IME Bank Q3 earning surges by 27.89% to Rs 1.04 arba; Reserve & Surplus stand at Rs 2.20 arba

Tue, Apr 26, 2016 10:55 AM on Latest, Financial Analysis, Featured, Stock Market,
Global IME Bank Limited (GBIME ) has reported modest profit growth of  27.83% in the third quarter of the fiscal year 2072/73.The bank ‘s  net profit surged  to Rs 1.03 arba in Q3 up from Rs 81.24 crore in the corresponding quarter of the previous fiscal year. Global-ime-share-capital-water Publishing the unaudited financial report for the third quarter today, the commercial bank stated that its net interest income increased to Rs 2.07 arba in the third quarter from Rs 1.73 arba in corresponding quarter. Gbime-net-interst-water Global IME has a paid up capital of Rs 6.16 arba and reserve of Rs 2.20 arba . It has collected deposits of Rs 64.68 arba and disbursed loan of Rs 57.34 arba.The deposits and loan of the bank was Rs 57.73 arba and Rs 49.93  arba respectively in the corresponding quarter of the previous fiscal year. The commercial bank has an operating profit of Rs 1.35 arba. Its non- performing loan (NPL) decreased to 1.93% in Q3 from 2.55% previous quarter. Globall-ime-eps-water Global IME’s annualized earning per share (EPS) now stands at Rs 22.33. net worth per share at Rs 135.55, and P/E ratio at 21.50 times.