Synopsis of the Financial Statements of the Bank and Group

for the six months ended 30 June 2020

Table I

 

Key Financial Data

 

Bank

Group

Results for the period ended

June 2020

June 2019

Change

June 2020

June 2019

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total Income

118,279

115,509

2.4

120,923

119,649

1.1

Profit before taxes on financial services

8,951

16,781

(46.7)

8,016

17,334

(53.8)

Profit before taxation

6,945

11,801

(41.1)

6,024

12,288

(51.0)

Provision for taxation

1,163

4,853

(76.0)

1,277

5,009

(74.5)

Profit after taxation

5,783

6,948

(16.8)

4,746

7,279

(34.8)

Value to the Government

3,341

10,005

(66.6)

3,466

10,249

(66.2)

 

 

As at

June 2020

Dec 2019

Change

June 2020

Dec 2019

Change

 

Rs Mln

Rs Mln

%

Rs Mln

Rs Mln

%

Total assets

2,680,732

2,415,117

11.0

2,721,662

2,462,484

10.5

Shareholders fund

147,447

142,283

3.6

157,489

153,211

2.8

(Capital & Reserves)

Deposits

2,203,441

2,005,212

9.9

2,222,854

2,025,204

9.8

Net loans and advances

1,758,794

1,549,805

13.5

1,788,177

1,580,949

13.1

 

  • BoC Group financials reported a pretax profit of Rs. 6,024 million for the six months ended 30 June 2020 against Rs. 12,288 million compared to the 2019. It is a decrease of Rs. 6,264 million or 51.0 percent.

  • The Bank’s pre tax profits stood at Rs. 6,945 million in the period under review while it was Rs. 11,801 million in 2019, a decrease of Rs. 4,856 million or 41.1 percent.

  • In terms of post tax profits, Bank’s results as at 30 June 2020 amounted to Rs. 5,783 million compared to Rs. 6,948 million reported in 2019, which reflects a decrease of Rs. 1,165 million or 16.8 percent.

 

 

Table II

 

Key Financial Indicators

 

 

Bank

Group

Key Financial Data

June 2020

Dec 2019

Change

June 2020

Dec 2019

Change

 

%

%

%

%

%

%

Return on average equity (ROE)

8.0

16.8

(8.8)

6.0

15.9

(9.9)

Return on average assets (ROA)

0.5

1.3

(0.8)

0.5

1.3

(0.8)

Interest margin

2.5

3.2

(0.7)

2.5

3.3

(0.8)

Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 13.00%)

14.7

15.6

(0.9)

15.0

15.7

(0.7)

Liquid assets ratio (Domestic) (minimum required 20%)

31.3

24.6

6.7