Saturday, August 3, 2013

Global IME, Sunrise report hefty rise in profits 108.24% & 26.74% respectively

Global IME Bank’s net profit rose 108.24% in FY 2069/70. The bank garnered profits of Rs 55.24 crore as against Rs 26.53 crore in the last fiscal.
The bank’s deposits increased from Rs 26.91 arba in the last fiscal to Rs 34.11 arba this year, an increase of 26.74%.

Meanwhile, the bank’s provision for bad loans has also gone up enormously. The bank has set aside a provision amount of Rs 33.184 crore for this FY compared to last year’s Rs 13.27 crore, a massive 149.89% increase.

The bank’s EPS stands at Rs 22.84 and net worth per share at Rs 138.48

Likewise, Sunrise Bank’s net profit has increased 187.06% in FY 2069/70. The bank earned net profit of Rs 31.91 crore as against Rs 11.11 crore in the last fiscal

The bank’s deposits increased to Rs 23.27 arba, a rise of 24.05% over Rs 18.75 arba in the previous fiscal.

Meanwhile, the bank’s provision for bad loans has also increased. The bank has set aside a provision amount of Rs 36.66 crore for this FY which compares with Rs 28.99 crore allocated last year.

The bank’s EPS stands at Rs 15.84 and net worth per share at Rs 122.2.
src : sharesansar