Financial Highlights


Annual Report 2022

 

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Synopsis of the Financial Statements of the Bank and Group  for the six-month period ended 30 June 2023

Table I

Key Financial Data

      
For the six-month period endedBankGroup
June 2023June 2022ChangeJune 2023June 2022Change
Rs. MnRs. Mn%Rs. MnRs. Mn%
Total Income261,088231,88612.6265,665235,33812.9
Profit before taxes on financial services14,99827,042(44.5)15,42526,341(41.4)
Profit before taxation10,46521,850(52.1)10,86421,162(48.7)
Provision/ (Reversal) for taxation1,9535,936(67.1)2,1156,026(64.9)
Profit after taxation8,51215,915(46.5)8,75015,136(42.2)

 

      
As atJune 2023Dec 2022ChangeJune 2023Dec 2022Change
Rs. MnRs. Mn%Rs. MnRs. Mn%
Total assets4,037,5924,336,460(6.9)4,090,7264,390,769(6.8)
Shareholders fund 
(Capital & Reserves)
251,201254,184(1.2)268,748271,474(1.0)
Deposits3,409,0553,334,7742.23,431,4073,358,1982.2
Net loans and advances2,082,8992,325,594(10.4)2,110,0062,355,978(10.4)

 

  • BoC Group financials reported a pre-tax profit of Rs. 10,864 million for the period ended 30 June 2023 against Rs. 21,162 million compared to H1-2022. It is a decrease of Rs. 10,298 million or 48.7 percent.
  • The Bank’s pre-tax profits stood at Rs. 10,465 million in the period under review while it was Rs. 21,850 million in H1-2022, a decrease of Rs. 11,385 million or 52.1 percent.
  • In terms of post-tax profits, Bank’s results as at 30 June 2023 amounted to Rs. 8,512 million compared to Rs. 15,915 million reported in H1-2022, which reflects a decrease of Rs. 7,403 million or 46.5 percent.

 

Table II

Key Financial Indicators

      
Key Financial DataBankGroup
June 2023Dec 2022ChangeJune 2023Dec 2022Change
%%%%%%
Return on average equity (ROE)6.714.1(7.3)6.513.1(6.6)
Return on average assets (ROA)0.50.8(0.3)0.50.8(0.2)
Interest margin1.43.1(1.7)1.53.2(1.7)
Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 14.00%)15.615.40.315.815.30.4
Liquid assets ratio (Domestic) (minimum required 20%)32.721.211.4