Press Release

UCO Bank announces Financial Results for the Quarter ended 31st Dec'2014

In the backdrop of prolonged economic slowdown and uneven economic recovery leading to slippages in asset health, Bank has consciously taken a decision to pursue selective growth. It is focusing only on low-risk assets and retail.
Total business as at end Dec'14 stood at Rs. 347,176.61 cr. as compared to Rs.
333,863.02 cr. a year ago, exhibiting a growth of 3.99% Y-o-Y
Deposits of Rs. 200,661.29 cr. as at the end of Dec'14 grew by 4.29% (YoY) from a year-ago figure of Rs. 192,405.97 cr.
Advances of the Bank at Rs. 146,515.32 cr. as at the end of Dec'14 grew by 3.58% (YoY) from Rs. 141,457.05 cr. at the end of Dec'13
However Bank has been able to take advantage of market opportunities and has benefited from strong treasury operations.
In the process Bank's Operating Profit for Q3 jumped 25.39% YoY and 34.94%
sequentially while Trading Profit in Q3 shot up 48 times YoY.
Bank's net profit in Q3 at Rs.304 Cr increased 189% over Q2 Net Profit of Rs. 105 Cr. Total Income in Q3 rose 10.74% YoY and 3.61% sequentially
Bank continues to contain costs rigorously which led to Cost to income ratio in Q3
coming down to 31.50, one of the lowest in the industry
Our focus on retail business resulted in Retail loan portfolio registering a sharp growth of 55.56% YoY to reach Rs. 18253 Cr. as on 31.12.2014, on the back of 56.34 % growth in Home loan and 77.87 % growth in Car loan portfolios

Global Business

Rs. 347,177 Cr.

3.99%

Global Deposits

Rs. 200,661 Cr.

4.29%

Global Advances

Rs. 146,516 Cr.

3.58 %

Operating Profit

Rs. 1425 Cr.

25.39%

Net Profit

Rs. 304 Cr.

-3.48%

Head Office : 10 BTM Sarani, Kolkata 700 001

Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318

e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com

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Total Income

Rs. 5447 Cr.

10.74%

Total Interest Income

Rs. 4788 Cr.

1.27%

Net Interest Margin(Global)

2.39

-44 basis points

Net Interest Margin(Dom.)

2.58

-48 basis points

Cost to income ratio

31.50%

Less by 3.79% yoy

In the 'Fastest Growing Bank Rankings' by the Business World, UCO saw a big jump in its growth rankings in 2014 to the 7th position, from 17th in 2013.

Business Today ranked UCO Bank 7th in the BT-KPMG 'FY 2013-14 Bank

rankings', after 6 top private sector banks and only one bank in the Public
Sector. UCO Bank's rank was 20 in FY2012-13.

PROFIT

During Q3FY'15

Operating Profit was Rs. 1425.13 Cr. (Rs. 1136.52 Cr.) while it was Rs.1057 Cr. in the previous qtr

Net Profit was Rs. 303.59 Cr. (Rs. 314.53 Cr.) while it was Rs. 105 Cr. in Q2

During Apr-Dec 2014

Operating Profit was Rs. 3682.94 Cr. (Rs. 3566.95 Cr.)

Net Profit was Rs. 928.52 Cr. (Rs. 1225.64 Cr.)


The drop in Net Profit can be attributed to Rs. 204.12 Cr. increase in Interest outgo and Rs. 299.55 Cr. rise in Provisioning.

INCOME

During Q3FY'15

Total income rose by 10.74% to Rs. 5447.39 Cr. as against Rs.4919 Cr. in

Q3FY'14

Net Interest Income was at Rs. 1420.65 Cr. as against Rs. 1565.76 Cr. in


Q3FY'14 while it was Rs. 1383 Cr. in previous qtr.

During Apr-Dec 2014

Total income rose by 13.05% to Rs.16099.18 Cr. on the back of 10.30% growth in Total Interest Income which clocked Rs. 14758.18 Cr.

Head Office : 10 BTM Sarani, Kolkata 700 001

Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318

e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com

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Net Interest Income was at Rs. 4286.77 Cr. (Rs. 4498.80 Cr.)

BUSINESS

Total business as at end Dec'14 stood at Rs. 347,176.61 cr. as compared to Rs.

333,863.02 cr. a year ago, exhibiting a growth of 3.99% Y-o-Y. It was Rs.
346,716 Cr. as on 30.9.14.

Deposits of Rs. 200,661.29 cr. as at the end of Dec'14 grew by 4.29% (YoY)

from a year-ago figure of Rs. 192,405.97 cr. It was Rs. 203,553 Cr. as on
30.9.14.

CASA deposits stood at Rs.59463.21 cr.(32.89% of domestic deposit) as on

Dec'14

Advances of the Bank at Rs. 146,515.32 cr. as at the end of Dec'14 grew by

3.58% (YoY) from Rs. 141,457.05 cr. at the end of Dec'13. It was Rs. 143,163 Cr. as on 30.9.14.

ASSET HEALTH

As on 31st Dec'14

GNPA ratio stood at 6.50% (5.20%) with Gross NPAs at Rs. 9530.64 Cr. (Rs.7353 Cr.)

NNPA ratio stood at 4.25% (3.06%) with Net NPAs at Rs. 6051.47 Cr. (Rs. 4217 Cr.)

NPA Provision coverage ratio stood at 48.82% (54.23%)

Out of Rs.2757.53 Crore fresh NPAs in the quarter, there are restructured assets worth Rs.1508.70 Crore (54.71%) that have slipped with maximum slippages in Food
items, Steel, Power & other infra sectors.

IMPORTANT RATIOS

Net Interest Margin (Global) for Q3FY'15 stood at 2.39% versus 2.83 in Q3FY14

Net Interest Margin (Domestic) for Q3FY'15 stood at 2.58% versus 3.06% in
Q3FY14

Average Cost of Deposit(annualized) stood at 6.26% for Q3FY'15 as against

6.27% in the corresponding quarter last year

Cost to Income ratio stood at 31.50% in Q3FY'15

Head Office : 10 BTM Sarani, Kolkata 700 001

Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318

e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com

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CAR of the bank as at Dec'14 stood at 12.54 % under BASEL-II & 12.12% under

BASEL-III

OTHER AWARDS & ACCOLADES

UCO Bank has been awarded with Banking Excellency Award 2013-14 by State Forum of Bankers Club at Kochi in Dec'2014. The Bank was adjudged as the best banker at the national level for the year 2013-14.

The bank has won the Best Bank award for operational performance and runner-up prize for being tech-savy in "MSME Banking Excellence Awards -

2014" organized by Chamber of Indian Micro Small & Medium Enterprises.

FINANCIAL INCLUSION



Under PMJDY, till 03rd Feb'2015, 38.51 lakh accounts have been opened and 34.34 lakh RuPay cards have been issued. Combined balance in these accounts stood at Rs. 408.98 Cr. while 22.35lakh accounts had zero balance.

SOME NEW INITIATIVES

Introduction of Person to Account (P2A) fund transfer through Mobile Banking enabling our Mobile Banking customers to transfer funds to account in another Bank

Allowing online user registration for Internet Banking obviating the need to

visit bank branch for availing e-Banking facility

Tying up with a Payment Gateway for providing Direct Net Banking Facility to our customers in more than 15000 websites

Launching of new deposit scheme "UCO Thousand" with No Pre-mature

penalty facility

Providing facility for Direct ITR filling by visiting Income Tax site through UCO

internet banking.

Kolkata,

05-Feb -2015

Head Office : 10 BTM Sarani, Kolkata 700 001

Phone 033 4455- 7300/ 7500 /7700 Fax No. 033 2225 3986, 033 4455 7318

e-Mail: hocc.calcutta@ucobank.co.inweb: www.ucobank.com

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