WILL THEY BANK ON THE GROWTH PATH SOON? - BANK OF BARODA
Article Abstract:
An analysis of the performance of Bank of Baroda (BoB) during 1997-98 reveals an increased and evenly distributed growth, stable profitability and modest growth in NPLs. During the period, the net interest margin fell by 20 percent while the non- interest income increased by 18 percent. The forex income grew by 59 percent while the investment income grew by 324 percent and operating profit grew by seven percent. BoB plans to focus on volume growth as well as on treasury and cost control to offset the low interest margins. (ag) ------------------------------------------------------------ Financial Results: Bank of Baroda (Rs in million) ------------------------------------------------------------ Particulars 1997-98 1998-99 (Estimates) ------------------------------------------------------------ Net interest income 12,953 16,729 ------------------------------------------------------------ Non-interest income 5,433 5,877 ------------------------------------------------------------ Total operating revenue 18,386 22,248 ------------------------------------------------------------ Operating expenses 10,706 11,715 ------------------------------------------------------------ Operating profits 7,680 10,533 ------------------------------------------------------------ Net Profit 4,587 4,887 ------------------------------------------------------------
Comment:
Posts total operating revenue of Rs18,386 mil for year ended 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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WILL THEY BANK ON THE GROWTH PATH SOON? - BANK OF INDIA
Article Abstract:
Bank of India (BoI) has reported a fall in its asset quality during 1997-98. During the period, the net interest margins fell by 21 basis points while the forex income grew by 49 percent. It also reported a 18 percent rise in its non-interest income and a 427 percent rise in investment income. The operating profits grew by 20 percent. The provisions for bad loans grew from Rs45 million to Rs3.16 billion despite a write-back of investment provisions worth Rs1.22 billion. During 1997-98, the net profit grew by a mere 1 percent. (ag) ------------------------------------------------------------ Financial Results: Bank of India (Rs in million) ------------------------------------------------------------ Particulars 1997-98 1998-99 (Estimates) ------------------------------------------------------------ Net interest income 12,847 15,729 ------------------------------------------------------------ Non-interest income 5,799 6,501 ------------------------------------------------------------ Total operating 18,646 22,230 revenue ------------------------------------------------------------ Operating expenses 11,675 13,673 ------------------------------------------------------------ Operating profits 6,972 8,557 ------------------------------------------------------------ Net Profit 3,645 4,226 ------------------------------------------------------------
Comment:
Posts net profit of Rs3,645 mil for year ended 1997-98
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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BANK OF BARODA
Article Abstract:
Bank of Baroda, Vadodara, Gujarat, has announced its unaudited financial results for the quarter ended December 31, 1998.(ag)(m)
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1999
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