Financial Highlights

Table I

For the six-month period ended	Bank			Group
	June 2023	June 2022	Change	June 2023	June 2022	Change
	Rs. Mn	Rs. Mn	%	Rs. Mn	Rs. Mn	%
Total Income	261,088	231,886	12.6	265,665	235,338	12.9
Profit before taxes on financial services	14,998	27,042	(44.5)	15,425	26,341	(41.4)
Profit before taxation	10,465	21,850	(52.1)	10,864	21,162	(48.7)
Provision/ (Reversal) for taxation	1,953	5,936	(67.1)	2,115	6,026	(64.9)
Profit after taxation	8,512	15,915	(46.5)	8,750	15,136	(42.2)

As at	June 2023	Dec 2022	Change	June 2023	Dec 2022	Change
As at	Rs. Mn	Rs. Mn	%	Rs. Mn	Rs. Mn	%
Total assets	4,037,592	4,336,460	(6.9)	4,090,726	4,390,769	(6.8)
Shareholders fund (Capital & Reserves)	251,201	254,184	(1.2)	268,748	271,474	(1.0)
Deposits	3,409,055	3,334,774	2.2	3,431,407	3,358,198	2.2
Net loans and advances	2,082,899	2,325,594	(10.4)	2,110,006	2,355,978	(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 Data	Bank			Group
	June 2023	Dec 2022	Change	June 2023	Dec 2022	Change
	%	%	%	%	%	%
Return on average equity (ROE)	6.7	14.1	(7.3)	6.5	13.1	(6.6)
Return on average assets (ROA)	0.5	0.8	(0.3)	0.5	0.8	(0.2)
Interest margin	1.4	3.1	(1.7)	1.5	3.2	(1.7)
Capital Adequacy Ratio Tier 1 & 2 Capital (minimum required 14.00%)	15.6	15.4	0.3	15.8	15.3	0.4
Liquid assets ratio (Domestic) (minimum required 20%)	32.7	21.2	11.4

INTERIM FINANCIAL STATEMENTS for the six-month period ended 30 June 2023 (Un-audited)