Synopsis of the Financial Statements of the Bank and Group

for the six months ended 30th June 2018

Table I - Key Financial Data

 

 

Bank

Group

Results for the six months ended

  Jun-18

Jun-17

Change

Jun-18

Jun-17

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total Income

101,988 

90,358 

12.9 

105,968 

93,968 

12.8

Profit before financial VAT, NBT

15,079

17,664 

(14.6)

14,988 

18,168 

(17.5)

Profit before taxation

11,708 

14,155 

(17.3) 

11,575 

14,604 

(20.7)

Provision for taxation

4,037 

4,023 

0.4

4,159 

4,145 

0.3

Profit after taxation

7,671 

10,132 

(24.3) 

7,416 

10,458 

(29.1)

Value to the Government

9,081 

8,705 

4.3

9,262 

8,914 

3.9

 

  Bank Group

As at

Jun-18

Dec-17

Change

Jun-18

Dec-17

   Change

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total assets

1,986,674

1,951,804

1.8

2,035,974 

1,999,410 

1.8

Shareholders fund   

(Capital & Reserves)

116,586 

111,155

4.9

126,448 

121,399 

4.2

Deposits

1,617,378 

1,546,832 

4.6

1,636,818 

1,566,376 

4.5

Net loans and advances

1,208,724 

1,163,161 

3.9

1,240,103 

1,194,294 

3.8


  • BoC Group financials reported a pre tax profit of Rs. 11,575 million for the six months ended 30th June 2018 against Rs. 14,604 million compared to the 2017. It is an decrease of Rs. 3,029 million or 20.7 percent

  • Bank’s pre tax profits stood at Rs. 11,708 million in the period under review while it was Rs. 14,155 million in 2017, a decrease of Rs. 2,447 million or 17.3 percent.

  • In terms of post tax profits, Bank’s results as at 30th June 2018 amounted to Rs. 7,671 million compared to Rs. 10,132 million reported in 2017, which reflects an decrease of Rs. 2,461 million or 24.3 percent.

  • The payments of tax, VAT, NBT and dividend which constitute the Bank’s value to the Government amounted to Rs. 9,081 million during the period under review. This is 60.2 percent of the profit before financial VAT, NBT & taxation.

 

Table II - Key Financial Indicators

 

 Key Financial Data

Bank

Group

Jun-18

Dec-17

Change

Jun-18

Dec-17

Change

%

%

%

%

%

%

Return on average equity (ROE)

13.5

20.9

(7.4)

11.9

19.0

(7.1)

Return on average assets (ROA)

1.2

1.7

(0.5)

1.2

1.7

(0.5)

Interest margin

3.0

3.2

(0.2)

3.1

3.3

(0.2)

Cost to income

43.5

38.4

5.1

45.9

40.5

5.4

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

13.7

14.6

(0.9)

13.8

14.5

(0.7)

Liquid assets ratio (Domestic)

 (minimum required 20%)

26.1

27.2

(1.1)