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United Bank of India
United Bank of India
Financial Results
(Q1: 2010-11)
Performance Highlights During 53.5% Quarter of 2010-11 Net profit grew byFirst (y-o-y) at Rs 107.86 crore
CASA Deposits grew by 26.7% (y-o-y) and reached 39.3% of Total Deposits Credit Deposit Ratio improved to 66.9% from 62.7% in March 2010
Yield on Advances has reduced to 9.75% from 10.05% last year, however increased from 9.23% during Highlights Performance Q410
During First Quarter of on y-o-y basis Net Interest Income has grown by 93.2%2010-11
Net Interest Margin improved to 2.98% from 1.90% last year Return on Assets improved to 0.58% from 0.44% last year CRAR improved from 12.80% in March10 to 12.99% with Tier I CRAR at 8.59% Cost Income ratio reduced to 45.85% from 59.88 last year
Performance Highlights
Q1- 2009-10
Q1- 2010-11
(Rs in Crore)
Growth
(Percent)
Performance Highlights
Q1-2009-10 Q1-2010-11
(Rs in Crore)
Growth
(Percent)
Operating Profit
Q1- 2010-11
(Percent)
Cost-Income Ratio ROA (A) ROE (A) NIM (A) CRAR Tier-I CRAR
111317 99372
100000
(Rs in Crore)
80000
71967 61112
60000
Branches
Pan-India Presence
100% CBS
Network of
1558 Branches
As on 30.06.2010
1558
Branches
106 New Branches opened during last one year 24 New Branches opened during Q1 : 2010-11
Northern, 75, 5%
Southern, 61, 4%
Deposits
Total Deposits
70000
66694 59783
60000
50000
(Rs in Crore)
40000
CASA Deposits
40
30000 25000 20000
26241 20714
4968 5493
38 36
39.3
(Rs in Crore)
34.6
20748
15746
34 32
June'10
June'09
Savings
Current
SB deposits grew by 31.8% to reach Rs 20748 Crore while Current Deposits Increased by 10.6% to reach Rs 5493 Crore
Deposit Mix
As on June 30, 2009 As on June 30, 2010
Savings
(26.3%)
Savings
(31.1%)
Current
(8.3%)
Current Term
(60.7%) (8.2%)
Term
(65.4%)
Cost of Deposits
7
6.47 5.92
5.40
(Percent)
June'09
Mar'10
June'10
Cost of Deposits reduced from 6.47% to 5.40% during last one year
Advances
Total Advances
44623
45000
39589
(Rs in Crore)
35000
25000
June'09
June'10
Scheme Total Advances Of which Retail Advances Priority Sector Advances MSME Advances Agriculture
June09
June10
Growth(%)
Yield on Advances
12
10.05 9.47
10
9.75
(Percent)
Yield on Advances reduced from 10.05% to 9.75% during last one year
Retail Advances
6500
6 04 4
5500
4 40 3
(Rs in Crore)
4500
3500
Ju n e'09
Ju ne'10
Retail Scheme Housing Loan Auto Loan Education Loan Mortgage Loan Others TOTAL
June09
June10
Growth(%)
MSME Advances
7000 6000 5000
6668
4161
(Rs in Crore)
11915
(Rs in Crore)
9700
4700 June'10
Agriculture
Total Priority sector advances registered a growth of 20.9% to reach Rs 14400 Crore whereas Agriculture Advances grew by 13.2% to reach Rs 4700 Crore.
Investments
Total
23659
26000
Investments
24641
6188
18000
9323
0
(Rs in Crore)
10000
18445 14336
2000
June'09
June'10
HTM
AFS
Total Investments grew 4.2% to reach Rs 24641 Crore whereas HTM Investments grew by 28.7% and AFS Investments decreased by 33.6%.
Yield on Investments
8
7.85 7.37
(Percentage)
June'09
June'10
Total
Yield on Investments increased from 7.37% to 7.85% during last one year
3.19
1.80
(Percent)
1 0
June'09
Mar'10
June'10
Gross NPA
Net NPA
Gross NPA Ratio decreased to 3.19% while Net NPA Ratio decreased to 1.80%. The NPA Provision Coverage Ratio is pegged at 68.5%
Movement of NPA
(Rs in Crore)
Q1:2009-10 Opening NPA Reduction Cash Recovery Up-gradation Write-off Slippages Closing NPA
Q1:2010-11
508.57
300
263.29
(Rs in Crore)
Non-Interest Income
200
141.51 120.60
100
(Rs in Crore)
0 Q1'10 Q1'11
80.31
(Rs in Crore)
50
0 Q1'10 Q1'11
75.00
31.75
50.00
(Rs in Crore)
25.00
Operating Profit
400
340.70
(Rs in Crore)
200
162.43
0 Q1'10 Q1'11
Net Profit
107.86
100
70.28
(Rs in Crore)
0 Q1'10 Q1'11
Net Profit of the Bank for the 1st Quarter increased by 53.5% to Rs 107.86 Crore
Key Ratios
10
(Percent)
June'09
June'10
CRAR of the Bank as on June 30, 2010 was at 12.99% as per Basel-II norms
(Percent)
6.00
June'09
June'10
Tier-I CRAR as per Basel-II in June09 increased to 8.59% from 7.30% in June10
45.85
(Percent)
45
Employee Productivity
8 7 6 5 4 3 2 1 0 June'09 June'10 Profit Per Employee (Rs in Lakh) (A)
7.15 6.48
2.81 1.87
Business per Employee grew by 10.3% to reach Rs 7.15 Crore per Employee while the Profit per Employee increased by 50.3% to reach Rs 2.81 Lakh per Employee
Other Parameters
Market Information
Particulars Book Value per share Market Cap EPS (A) Price/Book Value P/E ROA (A) ROE (A) 30-June-10
Highlights of Achievements
The Final Dividend at the rate of Rs.2/- per equity share of Face Value of Rs.10/- each was declared by the Bank at its maiden Annual General Meeting on July 9th , 2010. Handed over to the Honble Union Finance Minister, Sri Pranab Mukherjee, a cheque of Rs. 53.29 crore, on 21.7.10, being the Final Dividend for 2009-10 on the GOI shareholding in the Bank. A separate cheque of Rs.15 crore, as preference dividend, for FY 09-10, was also handed over to Finance Minister for Preference Shares (PNCPS) held in the Bank by the Government of India.
Thank You