Synopsis of the Financial Statements of the Bank and Group
for the nine months ended 30th September 2018

Table I - Key Financial Data

 

 

Bank

Group

Results for the six months ended

  Sep-18

Sep-17

Change

Sep-18

Sep-17

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total Income

158,348

138,332

14.5

164,709

144,374

14.1

Profit before financial VAT, NBT

25,766

24,944

3.3

25,857

25,504

1.4

Profit before taxation

20,394

20,011

1.9

20,392

20,478

(0.4)

Provision for taxation

7,365

5,636

30.7

7,573

5,785

30.9

Profit after taxation

13,029

14,375

(9.4) 

12,819

14,693

(12.8)

Value to the Government

17,584

11,915

47.6

17,900

12,195

46.8

 

As at

Sep-18

Dec-17

Change

Sep-18

Dec-17

   Change

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total assets

2,099,678

1,951,804

7.6

2,145,086

1,999,410

7.3

Shareholders fund   

(Capital & Reserves)

123,300

111,155

10.9

133,060

121,399

9.6

Deposits

1,648,255

1,546,832 

6.6

1,668,414

1,566,376 

6.5

Net loans and advances

1,294,017

1,163,161 

11.3

1,326,943

1,194,294 

11.1

  • BoC Group financials reported a pre tax profit of Rs. 20,392 million for the nine months ended 30th September 2018 against Rs. 20,478 million compared to the 2017. It is a decrease of Rs. 86 million or 0.4 percent.
  • Bank's pre tax profits stood at Rs. 20,394 million in the period under review while it was Rs. 20,011 million in 2017, an increase of Rs. 383 million or 1.9 percent.
  • In terms of post tax profits, Bank's results as at 30th September 2018 amounted to Rs. 13,029 million compared to Rs. 14,375 million reported in 2017, which reflects a decrease of Rs. 1,346 million or 9.4 percent.
  • The payments of tax, VAT, NBT and dividend which constitute the Bank's value to the Government amounted to Rs. 17,584 million during the period under review. This is 68.2 percent of the profit before financial VAT, NBT & taxation.

 

Table II - Key Financial Indicators

 

 Key Financial Data

Bank

Group

Sep-18

Dec-17

Change

Sep-18

Dec-17

Change

%

%

%

%

%

%

Return on average equity (ROE)

14.8

20.9

(6.1)

13.3

19.0

(5.7)

Return on average assets (ROA)

1.3

1.7

(0.4)

1.3

1.7

(0.4)

Interest margin

3.1

3.2

(0.1)

3.2

3.3

(0.1)

Cost to income

41.6

38.4

3.2

44.0

40.5

3.5

Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 12.875%)

14.0

14.6

(0.6)

13.8

14.5

(0.7)

Liquid assets ratio (Domestic)

 (minimum required 20%)

23.8

27.2

(3.4)