Global IME Bank's Major Highlight for Q4 FY 79-80 is Expansion of Core Business Revenue Leading to Whopping Net Profit of Rs. 7.25 Arba
Sun, Aug 6, 2023 9:43 AM on Financial Analysis, Latest,
Global IME Bank Limited (GBIME) has published its fourth quarter report for the financial year 2079-80 with a Net Profit of Rs. 7.25 Arba as of the last quarter, which is a spike of 46.26 percent compared to only Rs. 4.95 Arba earned in the corresponding quarter of FY 2078-79.
Both the Net Interest Income and Operating Profit of the company have increased substantially by 66.37 and 40.57 percent, respectively. As of FY 2079-80, the commercial bank through its core business revenue has made Rs. 17.11 Arba, while up to the same period, its Operating profits have soared to Rs. 10.10 Arba.
The bank has received Rs. 4.26 Kharba in deposits from customers after a comparative increment of almost 54 percent. As far as the loan disbursement is concerned, that too has experienced a spike of 37.32 percent and totals Rs. 3.54 Kharba as of the end of the FY 2079-80.
The company’s Earnings per Share (EPS) of stands at Rs.20.28, alongside a Net worth per Share of Rs. 164.05.
The impairment allocation of the company has spiked sharply amounting to Rs. 2.71 Arba as of FY 2079-80’s end.
The commercial bank has Rs. 2.95 Arba in distributable profits for its shareholders while its distributable profit per share is Rs. 8.27 as of Ashad 31, 2080.
GBIME maintains Rs. 35.77 Arba in paid-up capital and has Rs. 22.91 Arba in the form of reserves and surplus.
Major Financial Highlights:
| Particulars (In Rs '000) | Global IME Bank Limited | ||
|---|---|---|---|
| Q3 2079/80 | Q4 2078/79 | Difference | |
| Paid Up Capital | 35,771,060.00 | 23,795,753.00 | 50.33% |
| Retained Earnings | 2,956,956.00 | 3,239,226.00 | -8.71% |
| Reserves | 19,954,741.00 | 10,704,481.00 | 86.41% |
| Deposits | 426,325,446.00 | 276,964,910.00 | 53.93% |
| Loans & Advances | 354,394,700.00 | 258,087,532.00 | 37.32% |
| Net Interest Income | 17,118,275.00 | 10,289,556.00 | 66.37% |
| Personnel Expenses | 4,137,678.00 | 3,290,726.00 | 25.74% |
| Provision for Possible Losses | 2,715,392.00 | 466,431.00 | - |
| Operating Profit | 10,103,941.00 | 7,187,774.00 | 40.57% |
| Net Profit | 7,253,455.00 | 4,959,225.00 | 46.26% |
| Distributable Profit/ (Loss) after P/L Appropriation and Regulatory Adjustments | 2,956,956.00 | 3,239,226.00 | -8.71% |
| Distributable Profit per Share | 8.27 | 13.61 | -39.24% |
| Capital Adequacy (%) | 13.37 | 12.67 | 5.52% |
| Cost of Fund (%) | 8.18 | 7.48 | 9.36% |
| Non-performing loan (NPL) (%) | 3.08 | 1.28 | 140.63% |
| Base Rate (%) | 10.20 | 9.40 | 8.51% |
| EPS (In Rs.) | 20.28 | 20.84 | -2.70% |
| Net Worth per Share (In Rs.) | 164.05 | 158.60 | 3.44% |
| Qtr end PE Ratio (times) | 9.17 | - | - |
| Qtr End Market Price | 186 | - | - |
