Financial Highlights
Annual Report 2023
Annual Report 2023 - PDF
Synopsis of the Financial Statements of the Bank and Group
for the three-month period ended 31 March 2024
Table I
Key Financial Data
| For the three-month period ended | Bank | Group | ||||
|---|---|---|---|---|---|---|
| Mar 2024 | Mar 2023 | Change | Mar 2024 | Mar 2023 | Change | |
| Rs Mn | Rs Mn | % | Rs Mn | Rs Mn | % | |
| Total Income | 115,490 | 139,228 | (17.0) | 118,130 | 140,933 | (16.2) |
| Profit before taxes on financial services | 12,545 | 5,161 | 143.1 | 13,025 | 5,568 | 133.9 |
| Profit before taxation | 9,340 | 3,330 | 180.5 | 9,739 | 3,746 | 160.0 |
| Provision/ (Reversal) for taxation | 4,266 | 21 | 20,497.4 | 4,425 | 95 | 4,560.5 |
| Profit after taxation | 5,074 | 3,309 | 53.3 | 5,314 | 3,651 | 45.6 |
| As at | Mar 2024 | Dec 2023 | Change | Mar 2024 | Dec 2023 | Change |
|---|---|---|---|---|---|---|
| Rs Mn | Rs Mn | % | Rs Mn | Rs Mn | % | |
| Total assets | 4,281,538 | 4,411,748 | (3.0) | 4,344,965 | 4,467,760 | (2.7) |
| Shareholders fund (Capital & Reserves) | 254,086 | 251,715 | 0.9 | 273,404 | 271,458 | 0.7 |
| Deposits | 3,718,130 | 3,882,232 | (4.2) | 3,752,069 | 3,909,581 | (4.0) |
| Net loans and advances | 2,077,984 | 2,209,062 | (5.9) | 2,111,249 | 2,240,611 | (5.8) |
- BoC Group financials reported a pre-tax profit of Rs. 9,739 million for the three-month period ended 31 March 2024 against Rs. 3,746 million compared to 1Q-2023. It is an increase of Rs. 5,993 million or 160.0 percent.
- The Bank’s pre-tax profits stood at Rs. 9,340 million for the period under review while it was Rs. 3,330 million in 1Q-2023, an increase of Rs. 6,010 million or 180.5 percent.
- In terms of post-tax profits, Bank’s results for the three-month period 31 March 2024 amounted to Rs. 5,074 million compared to Rs. 3,309 million reported in 1Q-2023, which reflects an increase of Rs. 1,765 million or 53.3 percent.
Table II
Key Financial Indicators
| Key Financial Data | Bank | Group | ||||
|---|---|---|---|---|---|---|
| Mar 2024 | Dec 2023 | Change | Mar 2024 | Dec 2023 | Change | |
| % | % | % | % | % | % | |
| Return on average equity (ROE) | 8.0 | 10.6 | (2.6) | 7.8 | 10.1 | (2.3) |
| Return on average assets (ROA) | 0.9 | 0.9 | - | 0.9 | 0.9 | - |
| Interest margin | 2.4 | 2.1 | 0.3 | 2.4 | 2.2 | 0.2 |
| Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 14.00%) | 15.4 | 15.8 | (0.4) | 15.8 | 16.2 | (0.4) |
| Liquid assets ratio (Domestic) (minimum required 20%) | 43.4 | 42.8 | 0.6 | |||