Synopsis of the Financial Statements of the Bank and Group for the three months ended 31st March 2017

 

 

Table I - Key Financial Data

 

 

Bank

Group

Results for the three months ended

Mar-17

Mar-16

Change

Mar-17

Mar-16

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total Income

43,958

34,328

28.1

45,759

35,831

27.7

Profit before financial VAT, NBT

9,635

9,115

5.7

9,836

9,133

7.7

Profit before taxation

7,908

7,847

0.8

8,075

7,845

2.9

Provision for taxation

2,035

2,035

0.0

2,089

2,065

1.2

Profit after taxation

5,873

5,812

1.1

5,986

5,780

3.6

Value to the Government

4,936

3,476

42.0

5,030

3,526

42.7

 

As at

Mar-17

Dec-16

Change

Mar-17

Dec-16

   Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total assets

1,791,450

1,669,291

7.3

1,835,811

1,716,557

6.9

Shareholders fund   

(Capital & Reserves)

97,205

92,850

4.7

107,805

103,355

4.3

Deposits

1,323,935

1,256,589

5.4

1,341,841

1,273,631

5.4

Net loans and advances

1,050,661

1,000,083

5.1

1,079,606

1,027,768

5.0

 

· BoC Group financials reported a pre tax profit of Rs. 8,075 million for the three months ended 31st March 2017 against Rs. 7,845 million compared to the 2016. It is an increase of Rs. 230 million or 2.9 percent.

· Bank’s pre tax profits stood at Rs. 7,908 million in the period under review while it was Rs. 7,847 million in 2016, an increase of Rs. 61 million or 0.8 percent. 

· In terms of post tax profits, Bank’s results as at 31st March 2017 amounted to Rs. 5,873 million compared to Rs. 5,812 million reported in 2016, which reflects an increase of Rs. 61 million or 1.1 percent.  

· The payments of tax, VAT, NBT and dividend which constitute the Bank’s value to the Government amounted to Rs. 4,936 million during the period under review. This is 51.2 percent of the profit before financial VAT, NBT & taxation.  

 

Table II - Key Financial Indicators

 

 

Bank

Group

 Key Financial Data

Mar-17

Dec-16

Change

Mar-17

Dec-16

Change

 

%

%

%

%

%

%

Return on average equity (ROE)

24.7

28.4

(3.7)

22.7

23.8

(1.1)

Return on average assets (ROA)

1.8

1.9

(0.1)

1.8

1.8

0.0

Interest margin

3.1

3.3

(0.2)

3.2

3.4

(0.2)

Cost to income

36.8

43.0

(6.2)

39.4

46.7

(7.3)

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

12.1

12.3

(0.2)

12.3

12.5

(0.2)

Liquid assets ratio (Domestic)

 (minimum required 20%)

25.2

21.6

3.6