UCO BANK Press Release
Total Business rises
14.13 % Yoy
Net Profit in Q1 up
2.01 % Yoy
Net Interest Income in
Q1 rises 8.73% Yoy
Total interest income
crosses Rs. 5000 Cr.
Global Business | Rs. 348914.19Cr. | 14.13% | |
Global Deposits | Rs. 201813.66 Cr. | 13.99% | |
Global Advances | Rs. 147100.53 Cr. | 14.32% | |
Net Profit | Rs. 521.40 Cr. | 2.01% | |
Net Interest Income | Rs. 1483.13 Cr. | 8.73% | |
NIM Global | 2.56% | ||
NIM Domestic | 2.72% | ||
Gross NPA | 4.31% as on 30.6.14 from 5.58% a year ago | ||
Net NPA | 2.33% as on 30.6.14 from 3.15% a year ago | ||
Book Value per Share (Rs.) | 110.09 |
Net Profit in June Qtr. of FY'15 jumped 83% over preceding Mar Qtr. (Rs.285 Cr.)
Gross NPA at Rs. 6346 Cr. as at end of Q1FY'15 declined by 4.15% from the end of
preceding quarter (Rs. 6621 Cr.).
In Q1FY'15, fresh NPA generation was Rs.592 Cr. while Recovery & upgradation was Rs.784 Cr. Fresh NPA generation in preceding qtr. was Rs. 1761 Cr.
Head Office : 10 BTM Sarani, Kolkata 700 001
Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318
e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com
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PROFIT
During Q1FY'15
Operating Profit was Rs. 1202.05 Cr. (Rs. 1264.43 Cr.)
Net Profit was Rs. 521.40 Cr. (Rs. 511.11 Cr.)
The drop in Operating Profit can be attributed to Rs.177.31 Cr. drop in Profit on Sale of Investments, and Rs. 746.93 Cr. increase in Interest outgo.
On other hand, Bank coming out of purview of MAT and having to pay Rs. 163 Cr. income tax in the qtr. impacted its Net Profit.
INCOME
During Q1FY'15
Total income rose by 15.56 % to Rs. 5395.17 Cr. on the back of 20.59 % growth in Total Interest Income (Rs.5072.94 Cr.).
Net Interest Income rose by 8.73 % to reach Rs. 1483.13 Cr. (Rs. 1364.04 Cr.)
BUSINESS
Total business as at end Jun'14 stood at Rs. 348914.19 cr. as compared to Rs.
305719.23 cr. a year ago, exhibiting a growth of 14.13 % Y-o-Y
Deposits of Rs. 201813.66 cr. as at the end of Jun'14 grew by 13.99 % (YoY)
from a year-ago figure of Rs. 177050.34 cr.
CASA deposits stood at Rs. 59516.60 cr. (32.30% of domestic deposit) as on
Jun'14 against Rs. 56757.64 cr. a year ago registering a YoY growth of 4.86%.
Advances of the Bank at Rs. 147100.53 cr. as at the end of Jun'14 grew by
14.32 % (YoY) from Rs. 128668.89 cr. at the end of Jun'13
Credit Deposit Ratio stood at 72.89 % as at Jun'14
RETAIL LENDINGS
As on 30.06.2014, Retail loan portfolio registered a sharp growth of 77.63% YoY to reach Rs. 17181 Cr. on the back of 65.76% growth in Home loan and
250.24 % growth in Car loan portfolios
Head Office : 10 BTM Sarani, Kolkata 700 001
Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318
e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com
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ASSET HEALTH
As on 30th Jun'14
GNPA ratio stood at 4.31% with Gross NPAs at Rs. 6346.32 Cr.
NNPA ratio stood at 2.33 % with Net NPAs at Rs. 3344.02 Cr.
NPA Provision coverage ratio stood at 58.11%
IMPORTANT RATIOS
Net Interest Margin (Global) for Q1FY'15 stood at 2.56%
Net Interest Margin (Domestic) for Q1FY'15 stood at 2.72 %
Average Cost of Deposit(annualized) stood at 6.55% for Q1FY'15 as against
6.16 % in the corresponding quarter last year.
Cost to Income ratio stood at 33.42% in Q1FY'15
CAR of the bank as at Jun'14 stood at 12.91 % under BASEL-II (Tier-I Capital:
8.65 %; Tier-II Capital: 4.26 %).
Book value per share improved to Rs. 110.09 in Jun'14 from Rs. 105.00 In
Jun'13
RECOVERY OF DUES
During Q1FY'15
During the quarter bank made a recovery of Rs. 783.62 Cr.(Rs. 394.36 Cr.) through cash recovery and upgradation
QTR-on-QTR SEQUENTIAL PERFORMANCE
Total income during the current Qtr. at Rs. 5395 Cr. showed 1.58 % rise over
Mar'14-Qtr. figure (Rs. 5311 Cr.)
Total Interest income in Q1FY'15 at Rs. 5073 Cr. improved by 4.58% over
Q4FY'15 (Rs. 4851 Cr.)
Head Office : 10 BTM Sarani, Kolkata 700 001
Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318
e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com
`
Gross NPA at Rs. 6346 Cr. as at end of Q1FY'15 declined by 4.15% from the end of preceding quarter (Rs. 6621 Cr.).
From a high of 5.58% GNPA as on 30th June 2013, we have been able to reduce our NPAs consistently in all subsequent quarters to bring it down to 4.31 % as
0n 30th June 2014.
DELIVERY CHANNELS
As on 30.06.2014 Bank's branch network stood at 2900 (2896 domestic and
4 overseas branches ) as against 2650 as on 30.06.2013.
As on 30.06.2014 there were 2133 ATMs (facilitating around 44 lakhs VISA Debit card holders) as against 1535 ATMs an year ago
FINANCIAL INCLUSION
As on 30th Jun2014, Bank has covered 1833 villages having population more than
2000 and 9069 villages having population less than 2000. In these villages 42.02
lakh accounts have been opened and 11.22 lakh smart cards were issued.
NEW INITIATIVES
Balance Inquiry facility of OD, CC, CA & SB accounts through Missed Call from mobile phone at 092787 92787 has been implemented
Mini Statement display facility for OD, CC, CA & SB accounts against Missed Call from mobile phone at 092131 25125 has been implemented
Introduced some very customer-friendly modifications in our UCO Home Loan
Scheme
Furnishing of Information about Home loan & Car loan schemes through missed call at 92102 22122 has been implemented
Facility for making payment through NEFT on a later date has been provided
(through internet Banking) by allowing option of scheduling the same
Software-driven "Offsite Surveillance" and generation of various alerts for the benefit of branches and controlling offices have been implemented for conducting Risk based Internal Audit of the branches
Head Office : 10 BTM Sarani, Kolkata 700 001
Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318
e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com
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RECENT AWARDS & ACCOLADES
UCO Bank was recently awarded the "Platinum SKOCH Inclusion & Deepening
Award 2014" for "excellence in banking".
UCO Bank has been awarded the first prize for the "highest average loan to SHGs in West Bengal under the commercial bank category". The bank was awarded on the eve of Nabard Foundation Day celebrations on July 12,2014.
Federation of Indian Export Organisations' Northern Region has recently conferred the "Silver Award" to UCO Bank for excellent export performance in 2012-13 under the category of Best Financial Institution.
Kolkata,
25-Jul -2014Head Office : 10 BTM Sarani, Kolkata 700 001
Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318
e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com
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