Beau 0ffice: Nangalauevi Temple Roau, Panueshwai, Nangaloie- S7S uu1

Shri Ajai Kumar, Chairman and Managing Director, Corporation Bank, announced the
performance highlights of the Bank immediately after the adoption of financial results for Q4 /
year ended 31
st
March 2012 by the Board of Directors.























Net Profit for Q4 of FY2011-12 is at Rs.351.26 crore as against Rs.345.34 crore for Q4 of
FY2010-11
Operating Profit for Q4 increased to Rs.814.26 crore as against Rs.730.02 crore for Q4 of
FY2010-11 recording a growth rate of 11.54%.
Interest Spread for Q4 increased to Rs.833.92 crores recording a growth rate of 9.47% over
Mar 11 [Q4]
Total Income increased by Rs.979.93 crore recording growth rate of 32.35% over Mar
11[Q4]
The Yield on advances increased to 11.71% compared to 10.52% for Mar 11[Q4]
During Q4, the Bank opened 69 Branches as compared to 61 branches during Q4 of
FY2010-11


A Premier Public Sector Bank




Bank in its 107
th

year of operation
PRESS RELEASE
uaLe: 04.03.2012
Milestone Achievements during FY 2011-12
The Bank reached an impressive business figure of Rs.236,611 crore of
Business
The Bank crossed milestone advances figure of Rs.100, 000 crore
The Bank achieved the milestone Net profit figure of Rs.1,506.04 crore for the
first time
The Bank reached milestone Branch Network figure of 1500
The Banks network spread across 6164 functional Units
1500 Branches, 1274 ATMs & 3390 Branchless Banking Units
During the year, the Bank opened 139 Branches, 24 ATMs and 890 Branchless
Banking Units
Results at a glance- March 2012 (Q4)



















Performance Highlights:



a. Net Profit: Net Profit of the Bank for the FY ended Mar 2012 increased to
Rs.1,506.04 from Rs.1,413.27 crore in FY 2011(+6.56%)
The Net profit of the Bank for the Quarter [Q4] ended Mar 12 was at Rs.351.26
crore as compared to Rs.345.34 crore as on Q4 of previous fiscal recording an
increase of 1.71%.
b. Operating Profit: Operating Profit of the Bank for the FY ended Mar 2012
increased by Rs.302.06 crore (+11.83 %) on y-o-y basis from Rs.2,553.91crore in
FY 2011.
The Operating profit of the Bank for the Quarter [Q4] ended Mar 12 was at
Rs.814.26 crore as compared to Rs.730.02 crore for Q4 of previous fiscal recording
an increase of 11.54%.

Net Profit for FY 2011-12 was at Rs.1506.04 crore as compared to Rs.1413.27 crore for FY
2010-11
Operating Profit for FY 2011-12 increased to Rs.2,855.97 crore compared to Rs.2,553.91 for
FY 2010-11 with a growth rate of 11.83%
Net worth of the Bank increased to Rs.8,276 crore as at 31.03.12 from Rs.7,138 crore as at
31.03.11
Bank is well capitalised with CRAR of 11.94% under BASEL I and CRAR under Basel II norms
is at 13.00%
ROA works out to 1.06 %
Business per employee was at Rs.1712.96 lakhs and Profit per employee was at Rs.10.90
lakhs
Interest Spread for FY 2011-12 increased to Rs.3,146.89 crores recording a growth rate of
7.05% over FY 2010-11
Total Income increased by Rs.4,119.27 crore recording growth rate of 39.64% over FY 2011
The Yield on advances increased to 11.62% compared to 10.05% for Mar 11
The Gross NPA Ratio stood at 1.26% and Net NPA stood at 0.87%

Results at a glance FY 2011-12
Profitability:





a. Total Business: Total Business of the Bank as on 31.03.2012 stood at
Rs.236,611 crore. The total business increased by Rs.33,013 crore (+16.21%) to
Rs.236,611crore from Rs.203,598 crore on 31.03.2011.
b. Deposits: Total Deposits of the Bank increased by Rs.19,394 crore to Rs.136,142
crore as on 31.03.2012 from Rs.116,748 crore as on 31.03.2011 recording a growth
of 16.61% on y-o-y basis. The share of CASA stood at 22.12% as at 31.03.2012.
c. Advances:
The y-o-y growth in Advances was 15.68% from Rs.86,850 crore as on
31.03.2011 to Rs.100,469 crore as on 31.03.2012.
The Credit Deposit ratio stood at 73.80%.
Agricultural advances of the Bank stood at Rs.7,140 crore as at the end of Mar
12 as against Rs.5,513 crore as at Mar 11, showing an annualised growth of
29.52%.
SME advances of the Bank stood at Rs.14,340 crore as at the end of Mar 12 as
against Rs.11,620 crore as at Mar 11, showing an annualised growth of 23.41%.
Retail advances of the Bank stood at Rs.20,289 crore as at the end of Mar 12
as against Rs.15,671 crore as at Mar 11, showing an annualised growth of
29.47%.
Priority Sector Credit worked out to 34.70% of ANBC
d. Business per employee has gone up from Rs.15.73 crore as at 31.03.2011 to
Rs.17.13 crore as at 31.03.2012
e. Business per Branch has improved from Rs.149.59 crore as at 31.03.2011 to
Rs.157.74 crore as at 31.03.2012.



a. Total Income: The total income of the Bank was at Rs.14,510 crore for the FY
2011-12 as compared to Rs.10,391 crore for FY 2010-11 showing an increase of
Rs.4,119 crore [+39.64%] on y-o-y basis.

During Q4 of current financial year, the total income stood at Rs.4,009 crore in
comparison with Rs.3,029 crore in Q4 of previous fiscal showing an increase of
Rs.979.93 crore [+32.35%].

Business Growth:
Income:




b. Net Interest Income: The Net interest income increased by Rs.207 crore from
Rs.2,939 crore in FY 2010-11 to Rs.3,146 crore in FY 2011-12, recording an
increase of 7.05% on y-o-y basis. The Net interest Margin (NIM) works out to
2.48%.

On comparison with Q4 of 2010-11, the Net interest income increased by Rs.72 crore
from Rs. 761.76 crore to reach Rs.833.92 crore [+9.47%] during Q4 of 2011-12.

b. Non-Interest Income: The non-interest income increased to Rs.1,492 crore
(+18.85%) as compared to Rs.1,255 crore in FY 2010-11.

i. Profit on sale of investments increased to Rs.365 crore (+74.23%) as compared
to Rs.209 crore in FY 2010-11.
ii. Fee based income from core areas of banking operations has increased in FY
2011-12 to Rs.831.71 crore from Rs.759.35 crore in FY 2010-11and
recorded a growth of 9.53% on y-o-y basis.



1. NPA: Gross NPA stood at 1.26% and Net NPA stood at 0.87% at the end of FY
2011-12. In absolute terms the Gross NPAs stood at Rs.1,274 crore and Net NPA
stood at Rs.869 crore.

2. Cash Recovery: The Bank effected cash recovery and upgradation of NPAs of
Rs.758.60 crore, during the year ended 31.03.12 compared to Rs. 627.33crore in
the previous fiscal.

3. Provision Coverage: The NPA provision coverage ratio stood at 65.30 % as at
31.03.2012 with reference to Gross NPA as at 31.03.2012 and 89.06% with
reference to Gross NPA as at 30.09.2010.




Capital Adequacy Ratio: The Bank is well capitalised and the Capital Adequacy
Ratio under Basel I as on 31.03.2012 was at a comfortable level of 11.94%. The
Capital Adequacy Ratio under Basel II norms was at 13.00 % as on 31.03.2012.

Networth: The Networth of the Bank stood at Rs.8,276 crore as at 31.03.2012 as
compared to Rs.7,138 crore as at 31.03.2011.

Return on Equity: The Return on Equity works out to 18.20% for FY 2011-12


Asset Quality & Recovery:
Capital:




Earning Per Share: The Earnings per Share has gone up to Rs.101.67 as at
31.03.2012 from Rs.98.50 in FY 2010-11 .

Book Value Per Share: The BVPS was at Rs.558.69 as at 31.03.2012 as
compared to Rs.497.62 as at 31.03.2011.


ROA: The ROA ratio is at 1.06% for the FY 2011-12.

Cost to Income Ratio: The Cost to Income ratio improved to 38.44% for the year
ended March 2012 as compared to 39.13% in the previous year.


Yield on Advances: Yield on advances increased to 11.62% p.a. as compared to
10.05 % in the previous year.




Ranked "Number One NaIIonaIIsed Bank 201011" aI "IL - IndIa's BesI
Banks Awards". The BesI Banks Survey was conducIed by IInancIaI
Lxpress In assocIaIIon wIIh LrnsI & Young - Ihe KnowIedge parIner Ior Ihe
survey.
Ranked"BesI MIdSIze PubIIc SecIor Bank" In Ihe CNBC TV18 BesI Bank
and IInancIaI InsIIIuIIon Awards presenIed by MCX Ior IY11.
ReceIved Ihe IIrsI PrIze Under "NaIIonaI Award Ior LxceIIence In LendIng
Io MIcro LnIerprIses" Ior Ihe year 201011 Irom MInIsIry oI MIcro, SmaII
and MedIum LnIerprIses, CovernmenI oI IndIa.
Bagged Ihe BesI Manpower LIIIcIency Award In PubIIc SecIor Bank
CaIegory, InsIIIuIed by IederaIIon oI IndIan Chambers oI Commerce and
IndusIry (IICCI) and IndIan Banks' AssocIaIIon (IBA) aI IIBAC BankIng
Awards 2011.
Bagged SKOCH IInancIaI IncIusIon Award 2012 Ior SHC InIIIaIIves
InsIIIuIed by SKOCH ConsuIIancy ServIces PvI. LId.
Bagged BesI PerIormance Award 201011 In SHC Bank LInkage In
KarnaIaka Irom NaIIonaI Bank Ior AgrIcuIIure and RuraI DeveIopmenI
(NABARD).




Awards
Productivity Ratios:




Iinonciol lnJicotors- l {for tbe 4 enJeJ S1.0S.2011 & S1.0S.2012)
| in croreJ











Iinonciol lnJicotors- ll {Iull Yeor enJeJ S1.0S.2011& S1.0S.2012)




lY 2011
[Q4J
lY 2012
[Q4J
GrowIh y-o-y
Abs X age
NeI ProIII
345.34 351.26 5.9 1.71X
OperaIIng ProIII
730.02 814.26 84.22 11.54X
ToIaI Income
3,029.23 4,009.16 979.93 32.35X
NonInI. Income
473.86 423.31 (50.55) (10.67X)
InIeresI spread
761.76 833.92 72.16 9.47X
CosI oI DeposII
6.40X 8.03X
YIeId on Advances
10.52X 11.71X
NIM
2.77X 2.41X



lY 2011
[lYJ
lY 2012
[lYJ
GrowIh y-o-y
Abs. GrowIh X
NeI ProIII 1,413.27 1,S06.04 92.77 6.S6
OperaIIng ProIII 2,SS3.91 2,8SS.97 302.06 11.83
ToIaI Income 10,391.13 14,S10.40 4119.27 39.64
InIeresI Income 9,13S.2S 13,017.78 3882.S3 42.S0
InIeresI spread 2,939.74 3,146.89 207.1S 7.0S

Non InIeresI Income

(oI whIch Ireasury
IradIng proIII)
12SS.88

209.48
1492.62

364.97

236.74

1SS.49
18.8S

74.23
Non InIeresI Income
Irom core areas
7S9.3S 831.71 72.36 9.S3
CosI oI DeposIIs S.74 7.63
YIeId on Advances 10.0S 11.62
NIM 2.8S 2.48




|In Crore]
AS AT [Y-O-YJ

31.03.2011

31.03.2012
GrowIh
Abs
X age
DeposIIs 116,748 136,142 19,394 16.61
Average DeposIIs 92,892 118,1S8 2S,266 27.20
NeI Advances 86,8S0 100,469 13,619 1S.68
Average Advances 64,411 82,32S 17,914 27.81
ToIaI BusIness 203,S98 236,611 33,013 16.21
InvesImenIs 43,4S3 47,47S 4,022 9.26
Average
InvesImenIs
32,383 39,S9S
7,212 22.27
CRAR Under
BaseI I
Under
BaseI II

12.90

14.11

11.94

13.00

Cross NPAs (as
Io gross
advances)
Cross NPA ABS

0.91

790.23

1.26

1274.21

NeI NPAs (as Io
gross advances)

NeI NPA ABS
0.46

397.74
0.87

869.38

ProvIsIon
Coverage RaIIo
74.70
* 6S.30
#89.06



* with reference to Gross NPA as at March 31, 2012
# with reference to Gross NPA as at September 30, 2010