FINANCIAL RESULTS FOR THE QUARTER & NINE-MONTH ENDED DEC 2013 Investor Presentation UCO BANK 1
BANKS OPERATING ENVIRONMENT Positives in Q3: Improving liquidity situation Ebbing stress on cost of funds Stable loan growth Negatives in Q3: Asset quality stress staying elevated Fresh loan restructuring Un-provided MTM loses, especially for public sector banks UCO BANK 2
HIGHLIGHTS OF UCO PERFORMANCE 9-month Operating Profit (Rs.3567Cr.) & Net Profit (Rs.1226 Cr.) of FY 14 has registered remarkable 53.42% and 115.58% rise respectively over the same period of FY 2012-13 Q3FY 14 Net Profit (Rs. 315 Cr. ) shoots up 207 % YOY Operating Profit for Q3 (Rs. 1137 Cr.) jumps 37% YoY Net Interest Income in Q3 (Rs. 1566 Cr.) rises 33% YoY More than 200 brick-and-mortar branches opened and more than 900 ATMs installed in 2013 calendar year. UCO BANK 3
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9-Mth BANK PERFORMANCE AT A GLANCE (GLOBAL) [ Figs. in Rs.Crore except mentioned otherwise ] As on / during the nine-month Y-O-Y Growth Parameters ending Dec 12 Dec 13 Amt % Total Branches (No.) 2511 2717 206 8.20 Total Business 291165 333863 42698 14.66 Total Deposit 169711 192406 22695 13.37 Total Advances 121454 141457 20003 16.47 Net Investment 52937 64165 11228 21.21 Operating Profit 2325 3567 1242 53.42 Net Profit 569 1226 657 115.47 CD Ratio (%) 71.57 73.52 1.95 2.72 UCO BANK 5
Qtrly. BANK PERFORMANCE AT A GLANCE (GLOBAL) Parameters As on / during the Quarter ending [ Figs. in Rs.Crore excepting ratios ] Variation Dec 13/Dec 12 (Y-o-Y) Variation Dec 13/Sep 13 (Q-o-Q) Dec 12 Sep'13 Dec 13 Amt % Amt % Total Business 291165 327494 333863 42698 14.66 6369 1.94 Total Deposit 169711 188778 192406 22695 13.37 3628 1.92 Total Advances 121454 138716 141457 20003 16.47 2741 1.98 Operating Profit 831 1166 1137 306 36.82-29 -2.49 Net Profit 102 400 315 213 208.82-85 -21.25 CD Ratio (%) 71.57 73.48 73.52 UCO BANK 6
DEPOSIT COMPONENTS Parameters Dec 12 Sep'13 Dec 13 [ Figs. in Rs. Crore excepting ratios ] Variation (Y- Dec 13/Dec 12 o-y) Variation Dec 13/Sep 13 (Q-o-Q) Amt % Amt % A)Deposit (Domestic) 155492 169346 175735 20243 13.02 6389 3.77 Current 19341 28740 26648 7306.9 37.78-2092 -7.28 Savings 28350 31356 31998 3648 12.87 642 2.05 CASA 47691 60096 58646 10955 22.97-1450 -2.41 Share of CASA (%) 30.67 35.49 33 2.7 8.80-2.12-5.97 Normal Term Deposit 53117 67320 71443 18326 34.50 4123 6.12 Core Deposit 100879 127416 130089 29210 28.96 2673 2.10 B)Deposit (Overseas) 14219 19432 16671 2452.2 17.25-2761 -14.21 C)Total Deposit (Global) 169711 188778 192406 22695 13.37 3628 1.92 UCO BANK 7
INVESTMENT PORTFOLIO as on 31-12-2013 Portfolio Amount INR Crs % to NDTL Investment in SLR HFT 153.66 AFS 8140.5 HTM 41178.27 22.83 Sub Total (Investment in SLR) 49472.43 Investment in Non - SLR HFT 0 AFS 9384.67 HTM 3694.94 Sub Total (Investment in Non - SLR) 13079.61 Gross Total (SLR + Non-SLR) 62552.04 UCO BANK 8
IRAN TRADE FIGURES Number of LCs advised till date 3152 Amounting to INR 17,735.00 Cr (approx) Exporter claim settled Amounting Rs. 31,449.00 Cr (Including Advance payment) Till date we have negotiated Rs 5,522.00 Cr UCO BANK 9
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INCOME,EXPENDITURE & PROFIT (GLOBAL) DURING THE PERIOD YoY % change Q3FY13 Q2FY14 Q3FY14 [ Amts. in Rs. Crore ] QoQ % Change I)Total Income (a+b) : 4360.88 4653.29 4919.04 12.80 5.71 a)interest Income 4171.18 4444.06 4728.57 13.36 6.40 Interest on Advances 3197.10 3395.76 3542.94 10.82 4.33 Income on Investments 923.13 1025.89 1138.40 23.32 10.97 Other Interest Income 50.95 22.41 47.23-7.30 110.75 b)other Income 189.70 209.23 190.47 0.41-8.97 II)Total Expenses 3530.14 3487.08 3782.52 7.15 8.47 Interest Paid 2993.69 2874.67 3162.82 5.65 10.02 Operating Expenses 536.45 612.41 619.70 15.52 1.19 III)Operating Profit (I-II): 830.74 1166.21 1136.52 36.81-2.55 IV)Provisions 728.27 766.01 821.99 12.87 7.31 V)Net Profit (III-IV) : 102.47 400.20 314.53 206.95-21.41 Net Interest Income 1177.49 1569.39 1565.76 32.97-0.23 UCO BANK 11
BALANCE SHEET (GLOBAL) POSITIONS AS AT YoY % 31-12-2012 30-09-2013 31-12-2013 change [ Amts. in Rs.Crore ] QoQ % Change A)Capital & Liabilities 191047.24 212416.34 223218.81 11580.04 10405.03 Capital 2487.71 2575.63 2575.63 3.53 0.00 Reserves & Surplus 6791.38 8194.85 8483.54 24.92 3.52 Deposits 169711.19 188778.6 192405.97 13.37 1.92 Borrowings 6414.88 6604.89 12514.46 95.08 89.47 Other Liabilities & Provisions 5642.08 6262.37 7239.21 26.98 14.40 B)Assets 191047.24 212416.34 223218.81 11580.04 10405.03 Cash & Balances with RBI 5937.13 7081.33 7659.55 29.01 8.17 Balances with Banks 7512.1 8045.09 5620.14-25.19-30.14 Investments 52937.03 55192.98 64122.67 21.13 16.18 Advances 118388.13 135232.98 137877.09 16.40 1.90 Fixed Assets 824.34 976.71 1011.34 22.68 3.55 Other Assets 5448.51 5887.24 6928.02 27.15 17.68 UCO BANK 12
RATIO ANALYSIS Parameters Q3FY13 Q2FY14 Q3FY14 Cost of Deposit (%) 6.92 6.09 6.27 Yield on Advances (%) 10.5 10.04 10.01 Yield on Investment (%) 7.64 7.74 7.74 Net Interest Margin (%) 2.32 3 2.83 Cost to Income Ratio (%) 39.24 34.43 35.54 NII Growth (%) 16.23 33.73 31.83 GNPA (%) 5.53 5.32 5.2 NNPA (%) 3.32 3.13 3.06 NPA Provision Coverage (%) 48.88 54.36 55.04 CRAR (Basel-II) (%) 13.19 13.23 12.11 CRAR (Basel-III) (%) - 12.31 11.16 UCO BANK 13
PROFITABILITY INDICATORS Parameters Q3FY13 Q2FY14 Q3FY14 Return on Assets (%) 0.21 0.76 0.57 Return on Equity (%) 6.45 21.34 15.5 Opt. Profit to AWF (%) 1.74 2.23 2.06 Book Value per Share (Rs.) 104.42 111.09 115.03 Earnings per Share (Rs.) 1.54 5.32 4.18 Net Worth (Rs.Cr.) excl. Reval Reserve 8476.66 9780.48 10095.01 UCO BANK 14
PROVISIONS MADE [ Amts. in Rs. Crore ] Variation Variation During the qtr ending Dec 13/Dec 12 (Y-o-Y) Dec 13/Sep 13 (Q-o-Q) 31-12-2012 30-09-2013 31-12-2013 Amt % Amt % Total Provisions 728 766.01 821.99 93.72 12.87 55.98 7.31 Provision towards NPA 417 324.23 279.85-137.24-32.90-44.38-13.69 Standard Assets 63 68.99 113.68 50.64 80.33 44.69 64.78 Income Tax 114 97.42 136.69 22.69 19.90 39.27 40.31 MAT Credit Entitlement -113-90.09-126.38-13.01 11.48-36.29 40.28 Diminution in Fair value of Assets + Unrestructured a/c & Interest sacrifice 71 14.22 104.81 33.80 47.60 90.59 637.06 Contingent Liability - - Depreciation on Investment AFS 13 42 77.71 64.95 509.01 35.71 85.02 Pension/Employee Benefits 157 280.72 219.82 63.32 40.46-60.90-21.69 Others 6 28.52 15.81 8.57 118.37-12.71-44.57 UCO BANK 15
CDR CELL DATA Total References received Total References approved Quarter No. of cases Amt. (Rs. Cr.) No. of cases Amt. (Rs. Cr.) Q2FY12 18 21,000 7 2,100 Q3FY12 23 19,200 17 21,400 Q4FY12 28 23,000 16 8,000 FY 12 9-Mths. 69 63,200 40 31,500 Q1FY13 41 20,500 17 18,000 Q2FY13 33 18,900 18 18,900 Q3FY13 25 21,000 35 24,600 Q4FY13 31 31,300 39 17,000 FY 13Total 130 91,700 109 78,500 Q1FY14 27 39,400 14 21,300 Q2FY14 31 24,900 16 22,000 Q3FY14 24 44,800 11 15,600 FY 14 9-Mths. 82 109,100 41 58,900 GRAND TOTAL 281 264,000 190 168,900 UCO BANK 16
IMPAIRED ASSETS MOVEMENT A)NPA as at the beginning of Qtr. [ Figs. in Rs. Crore excepting %ages] Variation Variation During the qtr ending Dec 13/Dec 12 Dec 13/Sep 13 (Q-o-Q) 31-12-2012 30-09-2013 31-12-2013 Amt % Amt % 5887.86 7177.97 7375.98 1488.12 25.27 198.01 2.76 B)Total Reduction 396.63 778.24 617.99 221.36 55.81-160.25 (20.59) Cash Recovery 151.57 208.01 284.9 133.33 87.97 76.89 36.96 Upgradation 175.34 177.37 121.84-53.5 (30.51) -55.53 (31.31) Write Off 69.72 392.86 211.25 141.53 203.00-181.61 (46.23) C)Fresh Addition 1220.06 976.25 595.31-624.75 (51.21) -380.94 (39.02) D)Gross NPAs end period (A-B+C): 6711.29 7375.98 7353.3 642.01 9.57-22.68 (0.31) Gross NPA (%) 5.53% 5.32% 5.20% -0.0033 (5.97) 0.00 (2.26) Net NPAs 3927.00 4228.22 4216.55 289.55 7.37% -11.67-0.28% Net NPA (%) 3.32% 3.13% 3.06% -0.0031 (9.34) 0.00 (3.83) Recovery in writtenoff A/cs. 52.68 24.31 16.93-35.75 (67.86) -7.38 (30.36) UCO BANK 17
SECTORWISE NPAs (DOMESTIC) [ Figs. in Rs. Crore ] Sl No Industry / Sector (Top 6) NPA AS ON 31-12-2012 30-09-2013 31-12-2013 1 Agriculture & Allied Activities 765.94 815.68 817.85 2 Micro & Small Industries 847.46 1171.24 1184.44 3 Medium Industries 967.39 543.83 559.85 4 Large Industries 2015.91 3014.36 3038.08 5 Services 739.27 701.02 704.56 6 Retail 878.31 783.01 764.22 7 All Others 497.01 346.84 284.30 Total 6711.29 7375.98 7353.30 UCO BANK 18
RESTRUCTURED STANDARD ASSETS Details Amt.(Cr.) Total Restructured Assets as on 01.10.2013 11227 Add: Standard Accounts restructured during Q3FY 14 1419 Less: Total Standard Restructured accounts closed * 331 Total Standard Restructured as on 31.12.2013 ** 12870 % of Restructured Advances/Portfolio to Total Loans and Advances for the Quarter ending December, 2013 [Global Advances being Rs. 141457 crores] 9.09 * Including the accounts which cease to attract higher provisioning ** Difference of Rs.555 Crs. on account of addition in the existing restructured accounts of three discom accounts of Jaipur, Ajmer and Jodhpur UCO BANK 19
BANK S EMPLOYEE PROFILE FY 2009-10 FY 2010-11 FY 2011-12 FY 2012-13 FY 2013-14 (as on 31.12.13) Officer Staff Officer Staff Officer Staff Officer Staff Officer Staff Opening Position 8870 14737 8798 14446 8274 14752 9059 14088 10821 13288 Reduction during FY (Retirement & Promotion to Officer cadre etc.) Addition in FY (Recruitment & Promotion) 515 678 577 695 470 1531 719 1392 545 1183 443 387 53 1001 1255 867 2481 592 1563 877 Closing Balance 8798 14446 8274 14752 9059 14088 10821 13288 11839 12982 Total Employee 23244 23026 23147 24109 24821 31-Mar-10 31-Mar-11 31-Mar-12 31-Mar-13 31-Dec-13 Officer Staff Officer Staff Officer Staff Officer Staff Officer Staff <= 30 year 675 635 602 618 1011 1222 2532 1323 3446 1759 >30 years to 45 years 780 2179 909 2169 1038 1897 1485 2258 1831 1741 > 45 years to 55 years 5379 8731 3954 7069 3703 6107 3216 5761 2897 4729 >55 years 1964 2901 2809 4896 3307 4862 3588 3946 3665 4753 8798 14446 8274 14752 9059 14088 10821 13288 11839 12982 UCO BANK 20
FINANCIAL INCLUSION INITIATIVES Progress of Ultra-Small-Branch (USB) openings 31.03.11 31.03.12 31.03.13 30.06.13 30.09.13 31.12.13 USB - 65 763 843 885 1001 During Cum.on Initiatives Q3FY14 31.12.2013 Villages covered with population 2000 and above 0 1724 Villages covered with population below 2000 1083 4185 Total no. of villages covered 1083 5909 Out of above, Villages under DBT 0 1903 Total no. of Basic Savings Bank Deposit accounts opened (In lakh) 3.07 34.88 No. of Smart card issued (In lakh) 1.1 5.63 No. of transactions in the a/cs opened under ICT based BC model (in lakh) 4.81 10.40 No. of Ultra Small branches opened 116 1001 UCO BANK 21
UCO BANK Branches Andaman & Nicobar 1 Andhra Pradesh 71 Arunachal Pradesh 2 Assam 130 Bihar 214 Chandigarh 9 Chhatisgarh 43 Dadra Nagar Haveli 1 Daman & Diu 1 Delhi 61 Goa 10 Gujarat 105 Haryana 77 Himachal Pradesh 154 Jammu & Kashmir 15 Jharkhand 63 Karnataka 60 Kerala 39 Lakshwadweep 1 Madhya Pradesh 147 Maharashtra 172 Manipur 5 Meghalaya 6 Mizoram 2 Nagaland 4 Odisha 218 Pondicherry 7 Punjab 143 Rajasthan 190 Sikkim 5 Tamil Nadu 106 Tripura 20 Uttar Pradesh 230 Uttarkhand 40 UCO BANK West Bengal 361 Total --> 2713 22
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