यको बक UCO BANK

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


Press Release



UCO BANK announces Financial Results for the Quarter & Nine-month ended 31st Dec'2013

Net Interest

Income in Q3 rises

33% YoY

Operating

Profit for Q3

jumps 37% YoY

Q3FY'14 Net Profit

shoots up 207 %

Over Q3FY'13

Total Business touched Rs. 3.34 lakh Crore - growth of 14.66 %. Total Deposit at Rs. 1.92 lakh Crore - growth of 13.37 %.

Total Advance at Rs. 1.42 lakh Crore - growth of 16.47 %.

9-month Operating & Net Profits of FY'14 register remarkable 53.42% and

115.58% rise respectively over corresponding period of last FY.

Parameter

As on/Qtr ended

31.12 .12

(Rs. Cr.)

As on/Qtr ended

31.12 .13

(Rs. Cr.)

Change over

31.12 .12

(%)

Global Business

291166

333863

14.66

Global Deposits

169711

192406

13.37

Global Advances

121455

141457

16.47

Operating Profit

831

1137

36.82

Net Profit

102

315

206.95

Net Interest Income

1177

1566

32.97

Cost to income Ratio(%)

39.24

35.54

Book Value per Share

(Rs.)

104.42

115.03

10.16

EPS (Rs.)

1.54

4.18

171.43

UCO Bank, 10 BTM Sarani, Kolkata 700 001 Page 1

Key Ratios:

Parameter

Quarter ending

Parameter

31.12 .12

31.12 .13

Net Interest Margin Global

2.32

2.83

Net Interest Margin Domestic

2.42

3.06

Return on Assets(Annualised)

0.21

0.57

Return on Equity

6.45

15.50

CAR (Basel II)

PROFIT


• Operating Profit for Q3FY'14 was Rs. 1137Cr. while for Apr-Dec'13 it was
3567 Cr. as against Rs. 831 Cr. in Q3FY'13 and Rs. 2325 Cr. in Apr-Dec'12.

• Net Profit of the Bank for Q3FY'14 was Rs. 315 Cr. while for the Apr-Dec'13 it was Rs. 1226 Cr. as against Rs. 102 Cr. in Q3FY'13 and Rs. 569 Cr. in Apr- Dec'12.

INCOME & EXPENDITURES

• Total income during Q3FY'14 rose by 12.80% to Rs. 4919 Cr. due to healthy
growth of 13.36 % in Total Interest Income.
• Total expenditures during Q3FY'14 was 3783 Cr. with Interest outgo of

Rs.3163 Cr..

BUSINESS

• Total business as at end Dec'13 amounted to Rs. 3.34 lakh crore as
compared to Rs. 2.91 lakh crore in Dec'12, exhibiting a growth of 14.66 %
on Y-o-Y basis.
• CASA deposits stood at Rs. 58646 crore ( 33.37 % of domestic deposit) as on Dec'13 against Rs. 47691 crore a year ago registering a Y-o-Y growth of 23% aided by 38% rise in Current Deposits and 13% rise in Saving Deposits.
• Advances of the Bank at Rs. 1.42 lakh crore at the end of Dec'13 grew by
16.47 % (YoY) from Rs. 1.22 lakh crore at the end of Dec'12.

• Credit Deposit Ratio stood at 73.52% as at Dec'13.

IMPORTANT RATIOS

UCO Bank, 10 BTM Sarani, Kolkata 700 001 Page 2

• Average Cost of Deposit(annualized) stood at 6.27 % for Q3FY'14 as against
6.92% in the corresponding quarter last year thus showing a decreasing trend due to shedding of high-cost deposits.
• CAR of the bank as at Dec'13 stood at 12.11 % under BASEL-II (Tier-I Capital: 7.63 %; Tier-II Capital: 4.48 %).
• Gross NPA ratio was 5.2 % as at Dec'13 whereas Net NPA ratio was 3.06 %.

RECOVERY OF DUES



Through sustained efforts, bank made a recovery of Rs. 407 Cr. through cash recovery and upgradation during the quarter.

QTR-on-QTR SEQUENTIAL PERFORMANCE

• Total income during the current Qtr. at Rs. 4919 Cr. showed 5.7% rise over the previous Sep'13-Qtr. figure (Rs. 4653 Cr.).
• Total Interest income in Q3FY'14 at Rs. 4729 Cr. improved by 6.4% over

Q2FY'14(Rs. 4444 Cr.).

DELIVERY CHANNEL

• As on 31.12.2013 Bank's branch network stood at 2717 ( 2713 domestic and 4

overseas branches ) as against 2511 as on 31.12.2012.

• As on 31.12.2013 there were 1963 ATMs (facilitating around 38.49 lakhs ATM/ VISA Debit card holders) as against 1049 ATMs an year ago i.e. on 31.12.2012.

FINANCIAL INCLUSION

As on 31st Dec 2013, Bank has covered 1724 villages having population more than

2000 and 4185 villages having population less than 2000, where 34.88 lakh accounts have been opened and 5.63 lakh smart cards were issued.

NEW INITIATIVES

 During Q3FY'14, Bank acquired 7.43 lakhs CASA customers.

 The following facilities have been made available for the convenience of UCO

customers:

195 new ATM's added during Q3 taking the total to 1963 as on 31.12.2013.

3.14 lakhs ATM/VISA Debit cards issued during Q3 taking the total cards issued as on 31.12.2013 to 38.49 lakhs.

Kolkata,

24-Jan-2014

UCO Bank, 10 BTM Sarani, Kolkata 700 001 Page 3

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