Synopsis of the Financial Statements of the Bank and Group for the year ended 31st December 2016

 

 

Table I - Key Financial Data

 

 

Bank

Group

Results for the year ended

Dec-16

Dec-15

Change

Dec-16

Dec-15

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total Income

154,121

131,502

17.2

159,701

137,984

15.7

Profit before financial VAT, NBT

37,454

30,095

24.5

36,431

30,256

20.4

Profit before taxation

31,189

25,279

23.4

30,117

25,477

18.2

Provision for taxation

6,398

7,921

(19.2)

6,731

8,089

(16.8)

Profit after taxation

24,791

17,357

42.8

23,386

17,387

34.5

Value to the Government

30,009

19,083

57.3

30,454

19,308

57.7

 

As at

Dec-16

Dec-15

Change

Dec-16

Dec-15

   Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total assets

1,669,291

1,568,289

6.4

1,716,557

1,610,199

6.6

Shareholders fund   

(Capital & Reserves)

92,850

81,485

13.9

103,355

93,074

11.0

Deposits

1,256,589

1,082,337

16.1

1,273,631

1,097,951

16.0

Net loans and advances

1,000,083

826,790

21.0

1,027,768

851,905

20.6

 

· BoC Group financials reported a pre tax profit of Rs. 30,117 million for the year ended 31 December 2016 against Rs. 25,477 million compared to 2015. It is an increase of Rs. 4,640 million or 18.2 percent.

· Bank’s pre tax profits stood at Rs. 31,189 million in the period under review while it was Rs. 25,279 million in 2015, an increase of Rs. 5,910 million or 23.4 percent. 

· In terms of post tax profits, Bank’s results as at 31 December 2016 amounted to       Rs. 24,791 million compared to Rs. 17,357 million reported in 2015, which reflects an increase of Rs. 7,434 million or 42.8 percent. 

· The payments of tax, VAT, NBT and dividend which constitute the Bank’s value to the Government amounted to Rs. 30,009 million during the period under review. This is 80.12 percent of the profit before financial VAT, NBT & taxation. 

 

Table II - Key Financial Indicators

 

 

Bank

Group

 Key Financial Data

Dec-16

Dec-15

Change

Dec-16

Dec-15

Change

 

%

%

%

%

%

%

Return on average equity (ROE)

28.4

22.2

6.2

23.8

19.5

4.3

Return on average assets (ROA)

1.9

1.7

0.2

1.8

1.7

0.1

Interest margin

3.3

3.3

-

3.4

3.4

-

Cost to income

43.0

44.7

(1.7)

46.7

47.4

(0.7)

Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 10%)

12.3

13.1

(0.8)

12.5

13.3

(0.8)

Liquid assets ratio (Domestic)

 (minimum required 20%)

21.6

28.2

(6.6)