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.
* Figure is of Immediate Previous Year Ending
|Particulars (In Rs ‘000″)||Global IME Bank Limited|
|Q3 2078/79||Q3 2077/78||Difference|
|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%|
|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%|
|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||–||–|