q1-2010 results_240710

8/6/2019 Q1-2010 Results_240710

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United Bank of IndiaUnited Bank of IndiaFinancial ResultsFinancial Results

(Q1: 2010-11)(Q1: 2010-11)

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Performance HighlightsPerformance Highlights

During First Quarter of 2010-11During First Quarter of 2010-11

Operating Profit grew by 109.8% (y-o-y) at Rs 340.70 croreOperating Profit grew by 109.8% (y-o-y) at Rs 340.70 crore

Net profit grew by 53.5% (y-o-y) at Rs 107.86 croreNet profit grew by 53.5% (y-o-y) at Rs 107.86 crore

CASA Deposits grew by 26.7% (y-o-y) and reached 39.3% of TotalCASA Deposits grew by 26.7% (y-o-y) and reached 39.3% of Total

DepositsDeposits

Credit Deposit Ratio improved to 66.9% from 62.7% in March 2010Credit Deposit Ratio improved to 66.9% from 62.7% in March 2010

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During First Quarter of 2010-11During First Quarter of 2010-11

Cost of Deposits reduced to 5.40% from 6.47% last year Cost of Deposits reduced to 5.40% from 6.47% last year

Yield on Advances has reduced to 9.75% from 10.05% last year, Yield on Advances has reduced to 9.75% from 10.05% last year,

however increased from 9.23% during Q4’10however increased from 9.23% during Q4’10

Net Interest Income has grown by 93.2% on y-o-y basisNet Interest Income has grown by 93.2% on y-o-y basis

Net Interest Margin improved to 2.98% from 1.90% last year Net Interest Margin improved to 2.98% from 1.90% last year

Return on Assets improved to 0.58% from 0.44% last year Return on Assets improved to 0.58% from 0.44% last year

CRAR improved from 12.80% in March’10 to 12.99% with Tier I CRAR aCRAR improved from 12.80% in March’10 to 12.99% with Tier I CRAR a

8.59%8.59%

Cost Income ratio reduced to 45.85% from 59.88 last year Cost Income ratio reduced to 45.85% from 59.88 last year

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Total BusinessTotal Business

DepositsDeposits

AdvancesAdvances

CA SACA SA

Q1- 2010-11Q1- 2010-11

111317111317 12.012.09937299372

6669466694 11.611.65978359783

2624126241 26.726.72071420714

4462344623 12.712.73958939589

(Rs in Crore)(Rs in Crore)Q1- 2009-10Q1- 2009-10 GrowthGrowth

(Percent)(Percent)

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Operating ProfitOperating Profit

Net ProfitNet Profit

Q1-2010-11Q1-2010-11

340.70340.70 109.8109.8162.43162.43

107.86107.86 53.553.570.2870.28

(Rs in Crore)(Rs in Crore)

Interest IncomeInterest Income 1437.231437.23 20.820.81189.701189.70

Interest ExpensesInterest Expenses 928.66928.66926.41926.41

Q1-2009-10Q1-2009-10 GrowthGrowth

(Percent)(Percent)


0.20.2

Net Interest Inc.Net Interest Inc. 263.29263.29 508.57508.57 93.293.2

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(Efficiency Ratios)(Efficiency Ratios)

ROA (A)ROA (A)

ROE (A)ROE (A)

NIM (A)NIM (A)

CRARCRAR

Q1- 2010-11Q1- 2010-11

Cost-Income RatioCost-Income Ratio

Q1-2009-10Q1-2009-10

13.1813.18

0.440.44

10.7810.78

1.901.90

59.8859.88

12.9912.99

0.580.58

14.4114.41

2.982.98

45.8545.85

(Percent)(Percent)

Tier-I CRARTier-I CRAR 7.307.30 8.598.59

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61112

71967

111317

99372

40000

60000

80000

100000

120000

June'07 June'08 June'09 Jun'10

Total BusinessTotal Business

Incredible Growth: Aiming for the SkyIncredible Growth: Aiming for the Sky

(Rs

inC

rore)

(Rs

inC

rore)

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BranchesBranches

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100% CBS100% CBSNetwork of Network of

1558 Branches1558 Branches

As on 30.06.2010As on 30.06.2010

Pan-India PresencePan-India Presence

Presence in 28 States & 4 UTsPresence in 28 States & 4 UTs

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Population group wise Branch DistributionPopulation group wise Branch Distribution

(As on 30.06.2010)(As on 30.06.2010)

Semi-

urban, 287,

18%

Urban, 345,22%

Metro, 294,

19%

Rural, 629,

41%

• 106 New Branches opened during last one year 106 New Branches opened during last one year

• 24 New Branches opened during Q1 : 2010-1124 New Branches opened during Q1 : 2010-11

15581558

BranchesBranches

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East, 1003,

64%

Southern, 61,

4%

Northern, 75,

5%

Western, 61,

4%

Central, 96,6%

North East,

262, 17%

Regional distribution of BranchesRegional distribution of Branches

(1558 Branches as on 30.6.2010)(1558 Branches as on 30.6.2010)

Figures: Region / Number / Percentage PresenceFigures: Region / Number / Percentage Presence

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DepositsDeposits

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Total DepositsTotal Deposits

(Rs

inC

rore)

(Rs

inC

rore)

Total Deposits increased by 11.6% to reach Rs 66694 CroreTotal Deposits increased by 11.6% to reach Rs 66694 Crore

59783

66694

30000

40000

50000

60000

70000

June'09 June'10

C SCASA D it

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CASA DepositsCASA Deposits

15746

4968

20748

5493

5000

10000

15000

20000

25000

30000

June'09 June'10

Savings Current

(RsinCrore)

(RsinCrore)

34.6

39.3

32

34

36

38

40

June'09 June'10

Share of CASA

SB deposits grew by 31.8% to reach Rs 20748 Crore while Current DepositsSB deposits grew by 31.8% to reach Rs 20748 Crore while Current Deposits

Increased by 10.6% to reach Rs 5493 CroreIncreased by 10.6% to reach Rs 5493 Crore

2624126241

2071420714

D it MiD it Mi

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Deposit MixDeposit Mix

CASA as percentage of Total Deposits stood at 39.3% as on 30.06.10CASA as percentage of Total Deposits stood at 39.3% as on 30.06.10

TermTerm(60.7%)(60.7%)

SavingsSavings(31.1%)(31.1%)

CurrentCurrent(8.2%)(8.2%)

TermTerm(65.4%)(65.4%)

SavingsSavings(26.3%)(26.3%)

CurrentCurrent(8.3%)(8.3%)

As on June 30, 2009As on June 30, 2009 As on June 30, 2010As on June 30, 2010

C t f D itC t f D it

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6.47

5.92

5.40

4

5

6

7

June'09 Mar'10 June'10

Cost of DepositsCost of Deposits

Cost of Deposits reduced from 6.47% to 5.40% during last one year Cost of Deposits reduced from 6.47% to 5.40% during last one year

(Percen

t)

(Percen

t)

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AdvancesAdvances

T t l AdT t l Ad

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Total AdvancesTotal Advances

Total Advances increased by 12.7% to reach Rs 44623 CroreTotal Advances increased by 12.7% to reach Rs 44623 Crore

(Rs

inC

rore)

(Rs

inC

rore)

39589

44623

25000

35000

45000

June'09 June'10

T t l Ad B kTotal Ad ances Break p

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Total Advances: BreakupTotal Advances: Breakup

Scheme June’09 June’10 Growth(%)

Total Advances 39589 44623 12.7

Of which

Retail Advances 4403 6044 37.3

Priority Sector Advances 11915 14400 20.9MSME Advances 4161 6668 60.2

Agriculture 4151 4700 13.2


Yield on AdvancesYield on Advances

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10.05

9.479.75

6

8

10

12


Yield on Advances Yield on Advances

Yield on Advances reduced from 10.05% to 9.75% during last one year Yield on Advances reduced from 10.05% to 9.75% during last one year

(Percen

t)

(Percen

t)

Retail AdvancesRetail Advances

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Retail AdvancesRetail Advances

Retail Advances registered a growth of 37.3% to reach Rs 6044 CroreRetail Advances registered a growth of 37.3% to reach Rs 6044 Crore

4 4 0

6 0 4

3 5 0 0

4 5 0 0

5 5 0 0

6 5 0 0

J u n e '0 9 J u n e '1 0

(RsinCrore)

(RsinCrore)

Retail Advances: BreakupRetail Advances: Breakup

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Retail Advances: BreakupRetail Advances: Breakup

Retail Scheme June’09 June’10 Growth(%)

Housing Loan 1668 2123 27.3Auto Loan 206 266 29.1

Education Loan 348 410 17.8

Mortgage Loan 674 871 29.2

Others 1507 2374 57.5

TOTAL 4403 6044 37.3


MSME AdvancesMSME Advances

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MSME AdvancesMSME Advances

MSME Advances witnessed a growth of over 60% to reach Rs 6668 CroreMSME Advances witnessed a growth of over 60% to reach Rs 6668 Crore

(R

sinC

rore)

(R

sinC

rore)

4161

6668

2000

3000

4000

5000

6000

7000

June'09 June'10

Advances to Priority SectorAdvances to Priority Sector

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Advances to Priority Sector Advances to Priority Sector

4151

7764

4700

9700

2000

4000

6000

8000

10000

12000

14000

16000

June'09 June'10

Agriculture

(RsinC

rore)

(RsinC

rore)

14400

Total Priority sector advances registered a growth of 20.9% to reach Rs 14400 CroreTotal Priority sector advances registered a growth of 20.9% to reach Rs 14400 Crore

whereas Agriculture Advances grew by 13.2% to reach Rs 4700 Crore.whereas Agriculture Advances grew by 13.2% to reach Rs 4700 Crore.

11915

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InvestmentsInvestments

Total InvestmentsTotal Investments

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Total InvestmentsTotal Investments

14336

0

9323

18445

8

6188

2000

10000

18000

26000

June'09 June'10

HTM AFS

(RsinC

rore)

(RsinC

rore)

24641

Total Investments grew 4.2% to reach Rs 24641 Crore whereas HTM InvestmentsTotal Investments grew 4.2% to reach Rs 24641 Crore whereas HTM Investments

grew by 28.7% and AFS Investments decreased by 33.6%.grew by 28.7% and AFS Investments decreased by 33.6%.

23659

Yield on InvestmentsYield on Investments

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Yield on Investments Yield on Investments

7.37

7.85

6

7

8

June'09 June'10

Total

Yield on Investments increased from 7.37% to 7.85% during last one year Yield on Investments increased from 7.37% to 7.85% during last one year

(Percen

tage)

(Percen

tage)

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Non Performing AssetsNon Performing Assets


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2.54

1.70

3.21

1.84

3.19

1.80

0

1

2

3

4


Gross NPA Net NPA

(Percen

t)

(Percen

t)

Gross NPA Ratio decreased to 3.19% while Net NPA Ratio decreased to 1.80%.Gross NPA Ratio decreased to 3.19% while Net NPA Ratio decreased to 1.80%.The NPA Provision Coverage Ratio is pegged at 68.5%The NPA Provision Coverage Ratio is pegged at 68.5%

Movement of NPAMovement of NPA

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Movement of NPAMovement of NPA

Q1:2009-10 Q1:2010-11

Opening NPA 1020 1372

Reduction 135 198

Cash Recovery 52 52

Up-gradation 56 83

Write-off 27 63

Slippages 121 248

Closing NPA 1006 1422


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Profit & Loss AccountProfit & Loss Account(INCOME)(INCOME)

For 1st Quarter 2009-10


Growth %

Interest Income 1189.70 1437.23 20.8

Treasury Income 61.20 31.75 -48.1Other Income 80.31 88.85 10.6

Total Income 1331.21 1557.83 17.0


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Profit & Loss AccountProfit & Loss Account(EXPENSES)(EXPENSES)



Growth %

Interest Expense 926.41 928.66 0.2

Staff Expense 152.66 178.97 17.2

Other Ops exp 89.71 109.51 22.1

Total Expenses 1168.78 1217.14 4.1


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Profit & Loss AccountProfit & Loss Account(PROFIT)(PROFIT)



Growth %

Operating Profit 162.43 340.7 109.8

Prov & Cont 92.15 232.84 152.7Net Profit 70.28 107.86 53.5


Net Interest IncomeNet Interest Income

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Net Interest Income increased by 93.2% to reach Rs 508.57 CroreNet Interest Income increased by 93.2% to reach Rs 508.57 Crore

263.29

508.57

100

300

500

Q1'10 Q1'11

(RsinCro

re)

(RsinCro

re)

Non-Interest IncomeNon-Interest Income

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Non-interest income decreased by 14.8% to reach Rs 120.60 CroreNon-interest income decreased by 14.8% to reach Rs 120.60 Crore

141.51

120.60

0

100

200

Q1'10 Q1'11

(RsinCro

re)

(RsinCro

re)

B k f N I t t IB k f N I t t I

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Breakup of Non Interest IncomeBreakup of Non Interest Income(CORE INCOME)(CORE INCOME)

80.3188.85

0

50

100

Q1'10 Q1'11

Core Non Interest Income increased by 10.6%Core Non Interest Income increased by 10.6%

(RsinC

rore)

(RsinC

rore)

Breakup of Non Interest IncomeBreakup of Non Interest Income(INCOME FROM TREASURY)(INCOME FROM TREASURY)

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(INCOME FROM TREASURY)(INCOME FROM TREASURY)

61.20

31.75

0.00

25.00

50.00

75.00

Q1'10 Q1'11

Non Interest Income from Treasury decreased by 48.1%Non Interest Income from Treasury decreased by 48.1%

(R

sinCrore)

(R

sinCrore)

Operating ProfitOperating Profit

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Operating Profit for Q1’11 increased by 109.8% to Rs 340.70 CroreOperating Profit for Q1’11 increased by 109.8% to Rs 340.70 Crore

162.43

340.70

0

200

400

Q1'10 Q1'11

(RsinCro

re)

(RsinCro

re)

Net ProfitNet Profit

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Net Profit of the Bank for the 1Net Profit of the Bank for the 1stst Quarter increased by 53.5% to Rs 107.86 CroreQuarter increased by 53.5% to Rs 107.86 Crore

70.28

107.86

0

100

Q1'10 Q1'11

(RsinCro

re)

(RsinCro

re)

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Key RatiosKey Ratios

Capital Adequacy Ratio (Basel-II)Capital Adequacy Ratio (Basel-II)

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13.18 12.99

0

5

10

15

June'09 June'10

p q y ( )p q y ( )

(Percent)

(Percent)

CRAR of the Bank as on June 30, 2010 was at 12.99% as per Basel-II normsCRAR of the Bank as on June 30, 2010 was at 12.99% as per Basel-II norms

Capital Adequacy RatioCapital Adequacy Ratio

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7.30

8.59

6.00June'09 June'10

Capital Adequacy RatioCapital Adequacy Ratio(TIER-I)(TIER-I)

(Percent)

(Percent)

Tier-I CRAR as per Basel-II in June’09 increased to 8.59% from 7.30% in June’10Tier-I CRAR as per Basel-II in June’09 increased to 8.59% from 7.30% in June’10

Cost Income RatioCost Income Ratio

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59.8855.08

45.85

20

45

70


Cost Income Ratio reduced from 55.08% to 45.85%Cost Income Ratio reduced from 55.08% to 45.85%

(Percent)

(Percent)

Employee ProductivityEmployee Productivity

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6.48

1.87

7.15

2.81

0

1

2

3

4

5

6

7

8

June'09 June'10

Business per Employee (Rs in Crore) Profit Per Employee (Rs in Lakh) (A)

Business per Employee grew by 10.3% to reach Rs 7.15 Crore per Employee while theBusiness per Employee grew by 10.3% to reach Rs 7.15 Crore per Employee while the

Profit per Employee increased by 50.3% to reach Rs 2.81 Lakh per EmployeeProfit per Employee increased by 50.3% to reach Rs 2.81 Lakh per Employee

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Other ParametersOther Parameters

Market InformationMarket Information

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ParticularsParticulars 30-June-1030-June-10

Book Value per shareBook Value per share Rs 94.59Market CapMarket Cap Rs 2571 Cr

EPS (A)EPS (A) Rs 13.64

Price/Book ValuePrice/Book Value 0.86

P/EP/E 5.95

ROA (A)ROA (A) 0.58

ROE (A)ROE (A) 14.41

Corporate Social ResponsibilityCorporate Social Responsibility

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• Bank has set-up United Bank Socio-Economic DevelopmentBank has set-up United Bank Socio-Economic Development

Foundation (UBSEDF) Trust with a corpus of Rs 2 Crore withFoundation (UBSEDF) Trust with a corpus of Rs 2 Crore with

an objective of improving the standard of living of thean objective of improving the standard of living of the

weaker section of the society.weaker section of the society.

• As on June 30, 2010, Bank had 6 Rural Development & Self As on June 30, 2010, Bank had 6 Rural Development & Self

Employment Training Institutes (RUDSETI) to impart skillEmployment Training Institutes (RUDSETI) to impart skill

and entrepreneurship development training to unemployedand entrepreneurship development training to unemployedyouth, women and people belonging to weaker sections of youth, women and people belonging to weaker sections of

the society.the society.

• Bank also provides loans to the entrepreneurs trained atBank also provides loans to the entrepreneurs trained at

RUDSETIs for setting up their units.RUDSETIs for setting up their units.

Highlights of AchievementsHighlights of Achievements• The Final Dividend at the rate of Rs 2/ per equity share of

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• The Final Dividend at the rate of Rs.2/- per equity share of

Face Value of Rs.10/- each was declared by the Bank at its

maiden Annual General Meeting on July 9th, 2010.

• Handed over to the Hon’ble Union Finance Minister, Sri

Pranab Mukherjee, a cheque of Rs. 53.29 crore, on 21.7.10,

being the Final Dividend for 2009-10 on the GOI

shareholding in the Bank.

• A separate cheque of Rs.15 crore, as preference dividend,

for FY 09-10, was also handed over to Finance Minister for

Preference Shares (PNCPS) held in the Bank by the

Government of India.

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Thank YouThank You

q1-2010 results_240710

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