Financial Highlights

Table I

For the six-month period ended	Bank			Group
	Dec 2023	Dec 2022	Change	Dec 2023	Dec 2022	Change
	Rs. Mn	Rs. Mn	%	Rs. Mn	Rs. Mn	%
Total Income	542,187	513,149	5.7	551,867	520,891	5.9
Profit before taxes on financial services	53,006	42,290	25.3	54,695	42,372	29.1
Profit before taxation	40,342	30,977	30.2	41,773	31,053	34.5
Provision/ (Reversal) for taxation	13,649	(996)	(1,470.7)	14,155	(797)	(1,877.2)
Profit after taxation	26,694	31,972	(16.5)	27,618	31,849	(13.3)

As at	Dec 2023	Dec 2022	Change	Dec 2023	Dec 2022	Change
As at	Rs. Mn	Rs. Mn	%	Rs. Mn	Rs. Mn	%
Total assets	4,411,748	4,336,460	1.7	4,467,760	4,390,769	1.8
Shareholders fund (Capital & Reserves)	251,715	254,184	(1.0)	271,458	271,474	(0.0)
Deposits	3,882,232	3,334,774	16.4	3,909,581	3,358,198	16.4
Net loans and advances	2,209,062	2,325,594	(5.0)	2,240,611	2,355,978	(4.9)

BoC Group financials reported a pre-tax profit of Rs. 41,773 million for the year ended 31 December 2023 against Rs. 31,053 million compared to the year 2022. It is an increase of Rs. 10,720 million or 34.5 percent.
The Bank’s pre-tax profits stood at Rs. 40,342 million for the year under review while it was Rs. 30,977 million in 2022, an increase of Rs. 9,365 million or 30.2 percent.
In terms of post-tax profits, Bank’s results as at 31 December 2023 amounted to Rs. 26,694 million compared to Rs. 31,972 million reported in 2022, which reflects a decrease of Rs 5,278 million or 16.5 percent.

Table II

Key Financial Data	Bank			Group
	Dec 2023	Dec 2022	Change	Dec 2023	Dec 2022	Change
	%	%	%	%	%	%
Return on average equity (ROE)	10.6	14.1	(3.5)	10.1	13.1	(2.9)
Return on average assets (ROA)	0.9	0.8	0.2	0.9	0.8	0.2
Interest margin	2.1	3.1	(1.0)	2.2	3.2	(1.0)
Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 14.00%)	15.8	15.4	0.5	16.2	15.3	0.9
Liquid assets ratio (Domestic) (minimum required 20%)	42.8	21.2	21.6