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UCO Bank Earnings Release 2021

Jan 25, 2021

61997_rns_2021-01-25_6cc7eaa4-460b-47b0-8ff0-ad74acc26251.pdf

Earnings Release

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Press Release

UCO Bank announces Financial Results for the Quarter Ended 31[st] December 2020 HIGHLIGHTS OF PERFORMANCE

Financial Performance:

Bank has made Net Profit of 35.44 Crore during the quarter ended December 2020 as against Net Loss of 960.17 Crore in the quarter ended December 2019.
Operating Profit of the Bank for the quarter December 2020 stood at 1334.40 Crore as against 1210.52 Crore for the quarter ended December 2019 registering a growth of 10.23%. Operating Profit for the quarter is highest in last 23 quarters.
Net Interest Income of the Bank for the quarter ended December 2020 has increased to 1407.15 Crore from 1236.59 Crore for the quarter ended December 2019 registering a growth of 13.79%.
Other Income of the Bank for the quarter ended December 2020 stands at 864.38 Crore as against 743.47 Crore for the quarter ended December 2019.
Total Business of the Bank has increased to 319218.28 Crore as on 31.12.2020 from 302241.63 Crore as on 31.12.2019 registering a growth of 5.62%.
Total Deposits of the Bank has increased to 202421.04 Crore as on 31.12.2020 from 188436.99 Crore as on 31.12.2019 registering a growth of 7.42%.
CASA of the Bank stood at 38.17 % as on 31.12.2020.
Savings Deposits of the Bank has increased to 68234.74 Crore as on 31.12.2020 from 61221.49 Crore as on 31.12.2019 registering a growth of 11.46 %.
Total Advances of the Bank stands at 116797.24 Crore as on 31.12.2020 as against 113804.65 Crore as on 31.12.2019 registering a growth of 2.63%..
Gross NPA of the Bank has reduced to 11440.47 Crore (9.80%) as on 31.12.2020 from 22139.65 Crore (19.45%) as on 31.12.2019 and from ` 13365.74 Crore (11.62%) as on 30.09.2020.
Net NPA of the Bank has reduced to 3228.08 Crore (2.97%) as on 31.12.2020 from 6199.65 Crore (6.34%) as on 31.12.2019 and from ` 3831.88 Crore (3.63%) as on 30.09.2020.
Provision Coverage Ratio of the Bank has increased to 91.22% as on 31.12.2020 from 83.71% as on 31.12.2019 and from 89.82% as on 30.09.2020.
Capital Adequacy Ratio of the Bank stood at 12.08% and CET-I Ratio at 9.01% as on 31.12.2020.

Kolkata,

- - 25 January 2021