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Global IME Bank Limited (GBIME) has published its third-quarter report for the FY 2078/2079 with a rise in net profit by 4.13%.
The bank’s profit has increased from Rs 3.57 Arba in the third quarter of the fiscal year 2077/2078 to Rs 3.72 Arba in the third quarter of the fiscal year 2078/2079. In the same quarter, the bank has Rs 1.91 Arba as distributable profit after PL Appropriation and Regulatory Adjustments.
The bank’s deposits from customers increased by just 0.24% to Rs. 2.69 Kharba (compared to the immediate previous year ending) whereas loans and advances to customers increased by 13.80% to Rs. 2.60 kharba (compared to the immediate previous year ending) till the third quarter. The bank’s Net Interest Income (core business income) has increased by 8.29% to Rs. 7.43 Arba compared to the corresponding quarter of the previous year.
The bank’s paid-up capital stands at Rs. 23.79 Arba with Rs 11.76 Arba as its reserve and surplus.
The Non-Performing Loan (NPL) came down at 1.45% from 1.61%.
The annualized EPS of the bank stands at Rs 20.88. The net worth per share stands at Rs. 149.45. The company traded at a P/E ratio of 14.35 times.
Financial Highlights:
* Figure is of Immediate Previous Year Ending
| Particulars (In Rs ‘000″) | Global IME Bank Limited | ||
|---|---|---|---|
| Q3 2078/79 | Q3 2077/78 | Difference | |
| Share Capital | 23,795,753 | 21,632,503 | 10.00% |
| Share Premium | 0 | 0 | |
| Retained Earnings | 1,919,114 | 2,990,204 | -35.82% |
| Reserves | 9,847,448 | 8,097,710 | 21.61% |
| Deposits from Customers | 269,082,859 | 268,433,792 | 0.24% |
| Loans & Advances to customers | 260,209,629 | 228,651,427 | 13.80% |
| Net Interest Income | 7,439,744 | 6,870,212 | 8.29% |
| Impairment Charge/(Reversal) | 435,640 | 325,827 | 33.70% |
| Personnel Expenses | 2,543,399 | 2,375,027 | 7.09% |
| Operating Profit | 5,175,667 | 5,038,285 | 2.73% |
| Profit/(Loss) for the Year | 3,726,212 | 3,578,269 | 4.13% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 1,919,114 | ||
| Capital Adequacy Ratio (CAR) | 12.65 | 13.22 | -4.31% |
| NPL | 1.45 | 1.61 | -9.94% |
| Credit to Deposit Ratio (CD Ratio) | 93.07 | 76.54 | 21.60% |
| Cost of Fund (%) | 6.99 | 4.64 | 50.65% |
| Interest Rate Spread (%) | 3.52 | 4.17 | -15.59% |
| Base Rate (%) | 8.95 | 6.4 | 39.84% |
| EPS (In Rs.) | 20.88 | 22.05 | -5.33% |
| Net Worth per Share (In Rs.) | 149.45 | 151.26 | -1.20% |
| Qtr End PE Ratio (times) | 14.35 | – | – |
| Qtr End Market Price | 299.7 | – | – |
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