The Board of Directors of CITY UNION BANK LIMITED approved the
un-audited working results for the first quarter of FY 2011-12 at its meeting held in Chennai.
Net Interest Income for Q1 FY 2012 went up smartly by 30% to Rs.120.04 Cr. Operating
Profit increased by 35% for Q1 FY 2012 to Rs.106.36 Cr and PAT grew by 32% for Q1 FY
2012 to Rs.58.51 Cr. The Net Interest Margin for the quarter stood at 3.59% and Return on Assets was at 1.57%.
KEY BALANCE SHEET INDICATORS :
Gross NPA level was reduced from 1.30% to 1.22% and net NPA level was brought down
from 0.54% to 0.51% as on 30.06.2011. The Provision Coverage Ratio as at 30.06.2011
stood at 76.06%.
Total Deposits of the bank increased by 28.40% to Rs.13624 cr as on June 30, 2011 from
Rs.10610 cr as on June 30, 2010. Gross Advances went up by 33.02% to Rs.9591 cr as on
30th June 2011 from Rs.7210 cr as on 30th June 2010. The growth in Savings Account
deposits was 19% as on June 30, 2011. The Bank’s Balance Sheet size increased to
Rs.15470 cr as on 30th June 2011 from Rs. 11995 cr as on 30th June 2010.
Other Performance Highlights and Ratios (Q1-FY 2011-12):
Advances at Rs.9591 cr – Growth of 33%
Deposits at Rs.13624 cr – Growth of 28%
Annualized Return on Assets of 1.57% and Return on Equity 22.57%
Net Interest Margin at 3.59%
Capital Adequacy Ratio – 12.22 (Excluding current quarter’s profit, as per RBI directive).
Book value per share – Rs.26.23%
Basic EPS (not annualized) – Rs.1.44
Diluted EPS (not annualized) – Rs.1.43
Provision Coverage Ratio at 76.06%
Functional Performance of the Bank:
Operates 259 branches and 280 ATMs (onsite & offsite)
200 Point of sale Terminals installed for the benefit of VISA & Master Cards.
Bill payment facility enlarged through Atom Technologies.
In the current financial year, the bank so far opened 11 branches and 49 ATMs and has
planned to open 41 branches and 170 ATMs before the end of March-2012 and thereby
the bank will have a net work of 300 branches and 450 ATMs as on 31.03.2012.
Enhanced withdrawal limit for VISA Card holders.
Introduced cash and Cheque collection facility for priority customers at their Door step.
Introduced online income tax payments and viewing of Form 26AS for Net-banking
customers
Introduced opening of Fixed Deposits through online.
TNEB payments through all of our Branches and also through Net-banking.
un-audited working results for the first quarter of FY 2011-12 at its meeting held in Chennai.
Net Interest Income for Q1 FY 2012 went up smartly by 30% to Rs.120.04 Cr. Operating
Profit increased by 35% for Q1 FY 2012 to Rs.106.36 Cr and PAT grew by 32% for Q1 FY
2012 to Rs.58.51 Cr. The Net Interest Margin for the quarter stood at 3.59% and Return on Assets was at 1.57%.
KEY BALANCE SHEET INDICATORS :
Gross NPA level was reduced from 1.30% to 1.22% and net NPA level was brought down
from 0.54% to 0.51% as on 30.06.2011. The Provision Coverage Ratio as at 30.06.2011
stood at 76.06%.
Total Deposits of the bank increased by 28.40% to Rs.13624 cr as on June 30, 2011 from
Rs.10610 cr as on June 30, 2010. Gross Advances went up by 33.02% to Rs.9591 cr as on
30th June 2011 from Rs.7210 cr as on 30th June 2010. The growth in Savings Account
deposits was 19% as on June 30, 2011. The Bank’s Balance Sheet size increased to
Rs.15470 cr as on 30th June 2011 from Rs. 11995 cr as on 30th June 2010.
Other Performance Highlights and Ratios (Q1-FY 2011-12):
Advances at Rs.9591 cr – Growth of 33%
Deposits at Rs.13624 cr – Growth of 28%
Annualized Return on Assets of 1.57% and Return on Equity 22.57%
Net Interest Margin at 3.59%
Capital Adequacy Ratio – 12.22 (Excluding current quarter’s profit, as per RBI directive).
Book value per share – Rs.26.23%
Basic EPS (not annualized) – Rs.1.44
Diluted EPS (not annualized) – Rs.1.43
Provision Coverage Ratio at 76.06%
Functional Performance of the Bank:
Operates 259 branches and 280 ATMs (onsite & offsite)
200 Point of sale Terminals installed for the benefit of VISA & Master Cards.
Bill payment facility enlarged through Atom Technologies.
In the current financial year, the bank so far opened 11 branches and 49 ATMs and has
planned to open 41 branches and 170 ATMs before the end of March-2012 and thereby
the bank will have a net work of 300 branches and 450 ATMs as on 31.03.2012.
Enhanced withdrawal limit for VISA Card holders.
Introduced cash and Cheque collection facility for priority customers at their Door step.
Introduced online income tax payments and viewing of Form 26AS for Net-banking
customers
Introduced opening of Fixed Deposits through online.
TNEB payments through all of our Branches and also through Net-banking.
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