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Q1-2010 Results_240710

Q1-2010 Results_240710

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United Bank of India

Financial Results
(Q1: 2010-11)

Operating Profit grew by 109.8% (y-o-y) at Rs 340.70 crore

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

Cost of Deposits reduced to 5.40% from 6.47% last year

 Yield on Advances has reduced to 9.75% from 10.05% last year, however increased from 9.23% during Highlights Performance Q4’10    

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 March’10 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)

Total Business Deposits CA SA Advances

99372 59783 20714 39589

111317 66694 26241 44623

12.0 11.6 26.7 12.7

Performance Highlights
Q1-2009-10 Q1-2010-11
(Rs in Crore)

Growth
(Percent)

Operating Profit

162.43 70.28 1189.70 926.41 263.29

340.70 107.86 1437.23 928.66 508.57

109.8 53.5 20.8 0.2 93.2

Net Profit Interest Income Interest Expenses Net Interest Inc.

44 10.85 0.2010-11 (Percent) Cost-Income Ratio ROA (A) ROE (A) NIM (A) CRAR Tier-I CRAR 59.88 0.59 .90 13.18 7.Performance Highlights (Efficiency Ratios) Q1-2009-10 Q1.30 45.98 12.58 14.99 8.78 1.41 2.

Incredible Growth: Aiming for the Sky Total Business 120000 111317 99372 100000 (Rs in Crore) 80000 71967 61112 60000 40000 June'07 June'08 June'09 Jun'10 .

Branches .

Pan-India Presence 100% CBS Network of 1558 Branches As on 30.06.2010 Presence in 28 States & 4 UTs .

629. 18% Urban. 22% Metro.Population group wise Branch Distribution (As on 30. 19% Rural. 294. 41% 1558 Branches • • 106 New Branches opened during last one year 24 New Branches opened during Q1 : 2010-11 .06. 287. 345.2010) Semiurban.

Regional distribution of Branches (1558 Branches as on 30. 4% East. 6% Western.6.2010) North East. 5% Southern. 61. 96. 61. 17% Central. 64% Northern. 4% Figures: Region / Number / Percentage Presence . 1003. 75. 262.

Deposits .

Total Deposits 70000 66694 59783 60000 50000 (Rs in Crore) 40000 30000 June'09 June'10 Total Deposits increased by 11.6% to reach Rs 66694 Crore .

6 20748 15746 34 32 June'10 June'09 June'10 Share of CASA Savings Current SB deposits grew by 31.3 (Rs in Crore) 15000 10000 5000 June'09 34.6% to reach Rs 5493 Crore .8% to reach Rs 20748 Crore while Current Deposits Increased by 10.CASA Deposits 40 30000 25000 20000 26241 20714 4968 5493 38 36 39.

3% as on 30. 2009 As on June 30.06.1%) Current (8.2%) Term (65.4%) CASA as percentage of Total Deposits stood at 39.Deposit Mix As on June 30.10 .3%) Current Term (60.3%) Savings (31. 2010 Savings (26.7%) (8.

47% to 5.47 5.40 (Percent) 5 4 June'09 Mar'10 June'10 Cost of Deposits reduced from 6.Cost of Deposits 7 6.40% during last one year .92 6 5.

Advances .

7% to reach Rs 44623 Crore .Total Advances 44623 45000 39589 (Rs in Crore) 35000 25000 June'09 June'10 Total Advances increased by 12.

Total Advances: Breakup (Rs in Crore) Scheme Total Advances Of which Retail Advances Priority Sector Advances MSME Advances Agriculture June’09 June’10 Growth(%) 39589 4403 11915 4161 4151 44623 6044 14400 6668 4700 12.3 20.2 13.9 60.7 37.2 .

75% during last one year .75 (Percent) 8 6 June'09 Mar'10 June'10 Yield on Advances reduced from 10.Yield on Advances 12 10.05% to 9.05 9.47 10 9.

3% to reach Rs 6044 Crore .Retail Advances 6500 6 04 4 5500 4 40 3 (Rs in Crore) 4500 3500 Ju n e'09 Ju ne'10 Retail Advances registered a growth of 37.

Retail Advances: Breakup (Rs in Crore) Retail Scheme Housing Loan Auto Loan Education Loan Mortgage Loan Others TOTAL June’09 June’10 Growth(%) 1668 206 348 674 1507 4403 2123 266 410 871 2374 6044 27.3 .1 17.2 57.8 29.5 37.3 29.

MSME Advances 7000 6000 5000 6668 4161 (Rs in Crore) 4000 3000 2000 June'09 June'10 MSME Advances witnessed a growth of over 60% to reach Rs 6668 Crore .

2% to reach Rs 4700 Crore.9% to reach Rs 14400 Crore whereas Agriculture Advances grew by 13.Advances to Priority Sector 14400 16000 14000 12000 11915 (Rs in Crore) 10000 8000 6000 4000 2000 4151 June'09 7764 9700 4700 June'10 Agriculture Total Priority sector advances registered a growth of 20. .

Investments .

7% and AFS Investments decreased by 33.Total 23659 26000 Investments 24641 6188 18000 9323 0 8 (Rs in Crore) 10000 18445 14336 2000 June'09 June'10 HTM AFS Total Investments grew 4. .6%.2% to reach Rs 24641 Crore whereas HTM Investments grew by 28.

85% during last one year .Yield on Investments 8 7.85 7.37% to 7.37 (Percentage) 7 6 June'09 June'10 Total Yield on Investments increased from 7.

Non Performing Assets .

84 3.19 1.21 2.80%.5% .Non Performing Assets 4 3 2 3.80 (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 1.70 1.54 1. The NPA Provision Coverage Ratio is pegged at 68.

Movement of NPA (Rs in Crore) Q1:2009-10 Opening NPA Reduction Cash Recovery Up-gradation Write-off Slippages Closing NPA Q1:2010-11 1020 135 52 56 27 121 1006 1372 198 52 83 63 248 1422 .

Income and Profitability .

75 88.31 1331.21 1437.20 80.0 .23 31.83 20.Profit & Loss Account (INCOME) (Rs in Crore) For 1st Quarter 2009-10 For 1st Quarter 2010-11 Growth % Interest Income Treasury Income Other Income Total Income 1189.6 17.70 61.85 1557.8 -48.1 10.

78 928.2 17.66 178.97 109.14 0.1 4.51 1217.66 89.2 22.71 1168.41 152.Profit & Loss Account (EXPENSES) (Rs in Crore) For 1st Quarter 2009-10 For 1st Quarter 2010-11 Growth % Interest Expense Staff Expense Other Ops exp Total Expenses 926.1 .

Profit & Loss Account (PROFIT) (Rs in Crore) Growth % For 1st Quarter 2009-10 For 1st Quarter 2010-11 Operating Profit Prov & Cont Net Profit 162.86 109.5 .7 53.7 232.28 340.43 92.15 70.84 107.8 152.

2% to reach Rs 508.Net Interest Income 500 508.57 Crore .29 (Rs in Crore) 100 Q1'10 Q1'11 Net Interest Income increased by 93.57 300 263.

60 Crore .8% to reach Rs 120.60 100 (Rs in Crore) 0 Q1'10 Q1'11 Non-interest income decreased by 14.51 120.Non-Interest Income 200 141.

6% .Breakup of Non Interest Income 100 80.85 (Rs in Crore) 50 0 Q1'10 Q1'11 Core Non Interest Income increased by 10.31 (CORE INCOME) 88.

00 31.00 Q1'10 Q1'11 Non Interest Income from Treasury decreased by 48.1% .00 (Rs in Crore) 25.75 50.Breakup of Non Interest Income (INCOME FROM TREASURY) 61.00 0.20 75.

8% to Rs 340.70 (Rs in Crore) 200 162.Operating Profit 400 340.43 0 Q1'10 Q1'11 Operating Profit for Q1’11 increased by 109.70 Crore .

Net Profit 107.5% to Rs 107.28 (Rs in Crore) 0 Q1'10 Q1'11 Net Profit of the Bank for the 1st Quarter increased by 53.86 100 70.86 Crore .

Key Ratios .

18 15 12.Capital Adequacy Ratio (Basel-II) 13.99% as per Basel-II norms .99 10 (Percent) 5 0 June'09 June'10 CRAR of the Bank as on June 30. 2010 was at 12.

30 (Percent) 6.59 7.00 June'09 June'10 Tier-I CRAR as per Basel-II in June’09 increased to 8.Capital Adequacy Ratio (TIER-I) 8.59% from 7.30% in June’10 .

Cost Income Ratio 70 59.85 (Percent) 45 20 June'09 Mar'10 June'10 Cost Income Ratio reduced from 55.08% to 45.08 45.88 55.85% .

48 2.87 Business per Employee (Rs in Crore) Business per Employee grew by 10.15 6.3% to reach Rs 2.81 1.3% to reach Rs 7.15 Crore per Employee while the Profit per Employee increased by 50.Employee Productivity 8 7 6 5 4 3 2 1 0 June'09 June'10 Profit Per Employee (Rs in Lakh) (A) 7.81 Lakh per Employee .

Other Parameters .

41 .95 0.58 14.59 Rs 2571 Cr Rs 13.64 0.Market Information Particulars Book Value per share Market Cap EPS (A) Price/Book Value P/E ROA (A) ROE (A) 30-June-10 Rs 94.86 5.

Corporate Social Responsibility • Bank has set-up United Bank Socio-Economic Development Foundation (UBSEDF) Trust with a corpus of Rs 2 Crore with an objective of improving the standard of living of the weaker section of the society. 2010. Bank had 6 Rural Development & Self Employment Training Institutes (RUDSETI) to impart skill and entrepreneurship development training to unemployed youth. As on June 30. Bank also provides loans to the entrepreneurs trained at RUDSETIs for setting up their units. • • . women and people belonging to weaker sections of the society.

per equity share of Face Value of Rs. for FY 09-10. as preference dividend.29 crore.each was declared by the Bank at its maiden Annual General Meeting on July 9th . • • . 2010. Handed over to the Hon’ble Union Finance Minister. Sri Pranab Mukherjee.Highlights of Achievements • The Final Dividend at the rate of Rs.7.15 crore.2/. was also handed over to Finance Minister for Preference Shares (PNCPS) held in the Bank by the Government of India. A separate cheque of Rs.10/.10. a cheque of Rs. being the Final Dividend for 2009-10 on the GOI shareholding in the Bank. 53. on 21.

.

Thank You .

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