Synopsis of the Financial Statements of the Bank and Group

for the nine months ended 30 September 2017

Table I

Key Financial Data  

 

Bank

Group

Results for the nine months ended

Sep-17

Sep-16

Change

Sep-17

Sep-16

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total Income

138,332

110,858

24.8

144,374

115,660

24.8

Profit before financial VAT, NBT

24,944

25,558

(2.4)

25,504

25,818

(1.2)

Profit before taxation

20,011

21,384

(6.4)

20,478

21,641

(5.4)

Provision for taxation

5,636

5,521

2.1

5,785

5,661

2.2

Profit after taxation

14,375

15,863

(9.4)

14,693

15,980

(8.1)

Value to the Government

11,915

16,542

(28.0)

12,195

16,763

(27.2)

 

 

As at

Sep-17

Dec-16

Change

Sep-17

Dec-16

   Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total assets

1,882,236

1,669,291

12.8

1,931,988

1,716,557

12.6

Shareholders fund   

(Capital & Reserves)

105,658

92,850

13.8

116,725

103,355

12.9

Deposits

1,475,049

1,256,589

17.4

1,496,102

1,273,631

17.5

Net loans and advances

1,114,794

1,000,083

11.5

1,146,540

1,027,768

       11.6      

 

· BoC Group financials reported a pre tax profit of Rs. 20,478 million for the nine months ended 30 September 2017 against Rs. 21,641 million compared to the 2016. It is an decrease of Rs. 1,163 million or 5.4 percent.

 

· Bank’s pre tax profits stood at Rs. 20,011 million in the period under review while it was Rs. 21,384 million in 2016, an decrease of Rs. 1,373 million or 6.4 percent.

            

· In terms of post tax profits, Bank’s results as at 30 September 2017 amounted to          Rs. 14,375 million compared to Rs. 15,863 million reported in 2016, which reflects an decrease of Rs. 1,488 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. 11,915 million during the period under review. This is 47.8 percent of the profit before financial VAT, NBT & taxation.

 

 

Table II

Key Financial Indicators  

 

 

Bank

Group

 Key Financial Data

Sep-17

Dec-16

Change

Sep-17

Dec-16

Change

 

%

%

%

%

%

%

Return on average equity (ROE)

19.3

28.4

(9.1)

17.8

23.8

(6.0)

Return on average assets (ROA)

1.5

1.9

(0.4)

1.5

1.8

(0.3)

Interest margin

3.2

3.3

(0.1)

3.3

3.4

(0.1)

Cost to income

38.7

43.0

(4.3)

41.1

46.7

       (5.6)

Basel III - Capital Adequacy Ratio Tier 1 & 2 Capital                  (minimum required 11.75%)

12.1

N/A

-

12.2

N/A

-

Liquid assets ratio (Domestic)

 (minimum required 20%)

26.0

21.6

4.4