KOCHI:
Federal Bank announced the Unaudited Financial Results for the quarter ended 31 st December 2016. The
major highlights of the results on a Y-o- Y basis are as follows:
Net Profit increases by 26.39%
Total Business increases by 26.91%
Total Deposits increases by 23.32%
Total advances increases by 31.57%
CASA grows by 33.19%
Net Interest Income increases by 30.66%
Operating Profit up by 45.91%
Total Deposits increased by 23.32% from Rs. 74792.04 Cr to Rs. 92235.65 Cr.
Savings deposits grew by 32.35% to reach Rs. 26639.39 Cr
CASA grew by 33.19% to reach Rs. 31972.97 Cr
CASA ratio improved to reach 34.66%.
NRE deposits grew by 21.72% to reach Rs. 34546.66 Cr
Net advances increased by 31.99% from Rs. 52752.81 Cr to Rs. 69629.22 Cr.
Wholesale Advances registered a growth of 53.17% to reach Rs. 25530.89 Cr.
Investments increased by 15.71% from Rs. 24647.33 Cr to Rs. 28519.93 Cr.
Book Value per share increased to Rs. 49.94 from Rs. 47.86.
Balance Sheet
The Total Business of the Bank grew 26.91% Y-o- Y from Rs. 127544.85 Cr to Rs. 161864.87 Cr as on
31st December 2016. While Total Deposits registered a yearly growth of 23.32% to reach Rs. 92235.65 Cr,
Net Advances grew 31.99% to reach Rs. 69629.22 Cr.
The Bank continued with its consistent growth in the NRE and low cost deposit (CASA) segments. NRE
Deposits of the Bank grew by 21.72% to reach Rs. 34546.66 Cr as on 31 st Dec 2016. CASA increased by
33.19% to reach Rs. 31972.97 Cr. CASA as a percentage to Total Deposits increased to 34.66% as against
32.10% at the end of the corresponding period last year.
On the Asset side, Retail Advances registered a Y-o- Y growth of 27.03% to reach Rs. 21309.78 Cr as on
31 st Dec 2016. SME Advances grew by 16.33% to reach Rs 16323.99 Cr as compared to Rs 14032.91cr last year. Wholesale Advances registered a growth of 53.17% to reach Rs. 25530.89 Cr.
Operating Profit & Net Profit
The Operating Profit of the Bank increased by 45.91% to reach Rs. 474.90 Cr as on 31 st Dec 2016. Net
Profit increased by 26.39% to reach Rs. 205.65 Cr. for the quarter ended 31 st December 2016.
Margins
The Bank earned a Net Interest Income of Rs. 791.39 Cr for the quarter. The Net Interest Margin of the
Bank as on 31 st December 2016 stood at 3.32%.
Asset Quality
The Gross NPA and Net NPA of the Bank as at the end of the Quarter stood at Rs. 1951.55 Cr and
Rs. 1102.37 Cr respectively. Gross NPA as a percentage reduced to 2.77% and Net NPA as a percentage
to Net Advances stood at 1.58%. The Provision Coverage Ratio
(including technical write-offs) is 71.01%.
Net Worth and Capital Adequacy
The Net worth of the bank increased from Rs. 8223.66 Cr as on 31 st December 2015 to Rs. 8601.24 Cr as
on 31st December 2016. The Capital Adequacy Ratio (CRAR) of the Bank, computed as per Basel III
guidelines stood at 12.28% as at the end of the quarter.
