Global IME Bank Posts Net Profit of Rs. 2.04 Arba [Q2 Report]

January 21, 2024 | Investopaper

Global IME Bank has posted a net profit of Rs 2.04 Arba in the first six months of the current fiscal year 2080/81. The profit has declined by 26.62 percent as compared to the corresponding period of the previous fiscal year. The profit has decreased due to the rise in impairment charges that amounted to Rs. 4.13 Arba.

The Bank earned Rs 9.02 Arba as net interest income in the six months period, up from Rs 6.54 Arba of the same period the previous year. Likewise, it has generated Rs 1.36 Arba as net fees and commission income, which stood at Rs 94.36 crores in the corresponding period last year. Also, the bank earned Rs 17.71 crores as other operating income.

Until the Poush’s end 2080 BS, Global IME Bank has a paid-up capital of Rs. 36.12 Arba. Likewise, the total reserve and surplus stand at Rs. 20.74 Arba. The Bank has a huge deposit collection of Rs. 454.24 Arba from the customers. Similarly, the total lending to the customers stood at Rs. 364.74 Arba.

Similarly, the Non-Performing Loans (NPL) of the bank has sharply inclined to 4.68 percent. However, the base rate has declined to 9.60 percent from 10.8 percent in the same period last year.

Looking into the per-share ratios, the Annualized Earnings Per Share (EPS) is at Rs. 11.31. Likewise, the per-share net worth is Rs. 157.4

Also Read:

Dividend History Of Global IME Bank (GBIME)

The quarterly report Global IME Bank is also summarized in the table below:

Global IME Bank (GBIME): Second Quarterly Report Summary, FY 2080/81

Financial Indicators Q2, F.Y. 2080/81 Q4, F.Y. 2079/80 Percent Change
Paid up capital (Rs.’Arba’) 36.12 35.77 0.98
Reserve and Surplus (Rs.’Arba’) 20.74 23.27 -10.87
Deposits From Customers (Rs.’Arba’) 454.24 426.32 6.55
Loans & Advances To Customers (Rs.’Arba’) 364.74 354.46 2.90


Financial Indicators Q2, F.Y. 2080/81 Q2, F.Y. 2079/80 Percent Change
Net Interest Income (Rs.’Arba’) 9.02 6.54 37.92
Impairment Charges (Rs.’Arba’) 4.13 1.12 268.75
Operating Profit (Rs.’Arba’) 2.84 3.79 -25.07
Net Profit (Rs.’Arba’) 2.04 2.78 -26.62
Distributable Profit (Rs.’Arba’) -1.27
Non Performing Loans, NPL(%) 4.68 2.92 60.27
Base rate(%) 9.6 10.8 -11.11
Earnings Per Share, EPS(Rs.) 11.31
Networth Per Share ( Rs.) 157.4
Market Price Per Share (Rs.) [Poush end, 2080 B.S.] 205
P/E Ratio 18.13

Source: Unaudited Q2 Report, FY 2080/81


The above figures are based on the unaudited second-quarter report published by the respective company. Investors are advised to take other things into consideration along with this report while making investment decisions. The numbers may vary after the final audit.

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