Global IME net profit remains almost stagnant ; tight CAR of 11.72%

As per the 3rd quarter report, Global IME Bank has earned a net profit of Rs 1.44 arba. This is around 2% less then that earned in the previous year. The company has a per share earning of Rs 21.67

A significant increase is seen both in interest income and interest expense. However, the net interest income of the company saw a meager fall of 1.55%. Where the income from fee, comission, discount and foreign exchange increased on one hand, the staff expense and other operating expense increased on the other. Thus, a drop of 7.15% was reported in operating profit and ultimately in Net profit. 

The company now has a paid up capital of Rs 8.88 arba with a reserve of 3.86 arba. Global IME bank has a per share net worth of Rs 143.44. The company has collected a deposit of Rs 1.02 kharba in the review period. This is 19.53% more then that earned last year. In terms of lending, a growth of 21.79% is reported as the company has lended Rs 89.06 arba. 

Positive Sides :

• Above average growth in Deposit and lending. 
• Increase in Reserve
• Low NPL
• Maintained the Net worth Per Share
• Company still has room for lending as CCD stands at 75.29%
• Significant rise in Staff expense

Negative Sides :  

• Drop in operating profit and Net Profit
• Tight CAR of 11.72%

 

Key Indicators

Earning per Share : Rs 21.67 

P/E Ratio                : 14.35 times 

P/B Ratio               :  2.16 times 

NPL                        : 1.29% 

ROE                       : 15.11 %

ROA                       : 1.58%