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Global Islami Achieves ‘AA-‘ Long-Term and ‘ST-2’ Short-Term Rating

Industry: Bank, Financial
Company: Global Islami Bank Limited (GIBL)
Company Intelligence Tag: Business Insights

Global Islami Bank holds a ‘Double A Minus’ rating for long-term and ‘ST-2’ for short-term surveillance, certified by Alpha Credit Rating Limited. This assessment is based on the audited financial report for the fiscal year 2023 and relevant qualitative data up to June 11 of the current year.

In the first quarter of fiscal year 2024 (January-March), the bank reported an earnings per share (EPS) of 81 paise, up from 58 paise (revised) in the same period last year. As of March 31, the net asset value per share (NAVPS) stood at 14.74 paise.

For the financial year 2023, Global Islami Bank declared a dividend of 5 percent cash and 5 percent stock. The EPS for the year was Tk 1.30 paise compared to 98 paise (revised) in the previous fiscal year, while NAVPS was 13.94 paise as of December 31.

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