Financial Results for the Quarter/Half Year ended September 30, 2013

The Board of Directors of Union Bank of India today approved the accounts of the Bank for the quarter/half year ended September 30, 2013 which were subjected to Limited Review.

Business



Bank has crossed another Business milestone of ` 500000 crore during the quarter. Global Business grew by 26.30%, from ` 402766 crore as on September 30, 2012 to ` 508713 crore as on September 30, 2013. Domestic Deposits increased from ` 224320 crore as on September 30,

2012 to ` 283674 crore as on September, 2013, a growth of 26.46%. Global Deposits increased from ` 226095 crore as on September 30,
2012 to ` 287029 crore as on September 30, 2013, a growth of 26.95%. CASA deposits grew by 17.56% to ` 81075 crore as on September, 2013 from ` 68963 crore in the previous year. CASA share in total deposits was at 28.25%.
Domestic Advances increased from ` 165863 crore as on September 30,
2012 to ` 206690 crore as on September 30, 2013 recording a growth rate of 24.61%. Global Advances increased from ` 176671 crore as on September 30, 2012 to ` 221684 crore as on September 30, 2013 recording a growth rate of 25.48%.
Credit-Deposit ratio for September 30, 2013 stood at 80.94 % compared
to 81.96% in September 30, 2012.

Highlights for the Half Year-ended September 30, 2013

Net Interest Income for H1/FY 2013-14 up by 5.23% to ` 3864 crore from ` 3672 crore in H1/FY 2012-13.
Domestic Net Interest Margin (NIM) on earning assets stood at 2.70%
compared to 3.07% a year ago. Global NIM for H1/FY 2013-14 was at
2.58%, as compared to 3.01% in H1/FY 2012-13.
Non Interest Income for H1/FY 2013-14 increased by 32% to ` 1367 crore, from ` 1037 crore in H1/FY 2012-13.
Net Profit for H1/FY 2013-14 declined by 27.95% to ` 768 crore from
` 1066 crore in H1/FY 2012-13 on account of increased provisions.

Return on average assets (annualised) in H1/FY 2013-14 at 0.48%

compared to 0.81% in H1/FY 2012-13.

Return on equity (annualised) in H1/FY 2013-14 at 9.30% compared to

15.08% in H1/FY 2012-13.

Earning per share (annualised) in H1/FY 2013-14 at ` 25.75 as compared to ` 38.73 H1/FY 2012-13.

Corporate Communications Division, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021. Highlights for the quarter-ended September 30, 2013

Net Interest Income for Q2/FY 2013-14 up by 5.62% to ` 1954 crore from ` 1850 crore in Q2/FY 2012-13

Domestic Net Interest Margin (NIM) on earning assets stood at 2.67%

compared to 3.09% a year ago. Global NIM for Q2/FY 2013-14 was
2.54%, as compared to 3.02% in Q2/FY 2012-13.

Non Interest Income for Q2/FY 2013-14 was up by 12% to ` 611 crore, compared to ` 546 crore in Q2/FY 2012-13.

Net Profit for Q2/FY 2013-14 declined by 62.45% to ` 208 crore from
` 554 crore in Q2/FY 2012-13 on account of increased provisions.
Return on average assets (annualised) in Q2/FY 2013-14 at 0.25%
compared to 0.83% in Q2/FY 2012-13.
Return on equity (annualised) in Q2/FY 2013-14 at 5.04% compared to
15.68% in Q2/FY 2012-13.
Earning per share (annualised) in Q2/FY 2013-14 at ` 13.95 from
` 40.29 in Q2/FY 2012-13.

Asset Quality

Bank's Gross NPAs stood at 3.64% on September 30, 2013 as compared to 3.66% as on September 30, 2012.
Net NPA ratio is at 2.15% as on September 30, 2013 as against 2.06% as on September 30, 2012.
Provision Coverage at 60.43% as on September 30, 2013 compared to
61.45% in the previous year.

Capital Adequacy

Capital Adequacy ratio of the Bank, under Basel III, is 9.72% as on
September 30, 2013.
The Tier I CRAR is 7.11% & Tier II is 2.61% as on September 2013.
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Corporate Communications Division, Union Bank Bhavan, 239, Vidhan Bhavan Marg, Nariman Point, Mumbai - 400 021.
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