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BANFOCORO- Financial Statistics, Dec 94 - Jan 97 (Nominal Bolivares in Millions) |
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Dec-96 |
Jun-96 |
Dec-95 |
Jun-95 |
Dec-94 |
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Balance Sheet |
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Total Assets |
14,242 |
11,142 |
8,041 |
6,413 |
5,238 |
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Gross Loans |
3,242 |
2,417 |
1,925 |
1,384 |
852 |
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Gross Investments |
7,108 |
4,356 |
3,410 |
582 |
1,593 |
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Total Loan Loss Reserve |
287 |
252 |
122 |
68 |
66 |
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Other Assets |
293 |
233 |
171 |
163 |
59 |
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Total Deposits |
11,752 |
9,817 |
7,071 |
5,889 |
4,574 |
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Total Equity |
1,519 |
1,008 |
606 |
323 |
303 |
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Averages |
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Average Assets |
6,951 |
8,579 |
7,139 |
5,950 |
4,367 |
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Average Loans |
1,343 |
1,864 |
2,343 |
948 |
815 |
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Average Equity |
509 |
534 |
348 |
317 |
298 |
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Average Investments |
3,153 |
3,723 |
3,078 |
1,531 |
857 |
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Asset Quality |
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Net Interest Income |
1,445 |
1,019 |
617 |
273 |
356 |
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Noninterest Income |
62 |
19 |
16 |
6 |
2 |
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Extraordinary Gains, Net |
1 |
40 |
28 |
82 |
93 |
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Total Revenues |
1,861 |
1,492 |
981 |
634 |
665 |
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Loans Loss Provision |
73 |
135 |
71 |
2 |
39 |
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Operating Expenses |
743 |
516 |
443 |
342 |
327 |
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Income Tax |
0 |
20 |
0 |
3 |
7 |
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Net Income |
631 |
405 |
147 |
13 |
3 |
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Asset Quality |
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Total Past Due Loans |
282 |
249 |
246 |
296 |
164 |
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Loan Loss Reserve/Gross Loans |
8.84 |
10.42 |
6.33 |
4.91 |
7.74 |
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Past Due Loans / Gross Loans |
8.69 |
10.32 |
12.79 |
21.38 |
19.30 |
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Coverage of Past Due Loans |
101.82 |
101.02 |
49.51 |
22.96 |
40.10 |
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Net Past Due Loans / Equity |
(0.34) |
(0.25) |
20.51 |
70.49 |
32.49 |
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Capital Adequacy |
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Equity/Assets |
10.66 |
9.04 |
7.54 |
5.04 |
5.79 |
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Equity / Gross Loans |
46.85 |
41.68 |
31.48 |
23.37 |
35.58 |
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Liquidity |
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Gross Loans / Gross Assets |
22.22 |
21.22 |
23.59 |
21.35 |
16.06 |
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Gross Loans / Deposits |
27.58 |
24.63 |
27.23 |
23.50 |
18.63 |
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Liquid Assets / Assets |
42.87 |
62.63 |
59.51 |
63.85 |
48.49 |
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Profitability |
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Return on Avg. Assets |
18.16 |
9.44 |
4.11 |
0.45 |
0.14 |
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Return on Avg. Equity |
248.14 |
151.54 |
84.33 |
8.50 |
1.98 |
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Net Interest Margin |
41.59 |
23.75 |
17.27 |
9.16 |
16.29 |
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Overhead Ratio |
51.44 |
50.66 |
71.82 |
125.54 |
91.92 |
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Operating Expenses / Avg. Assets |
21.39 |
12.03 |
12.41 |
11.50 |
14.97 |
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Noninterest Inc. / Total Revs. |
3.33 |
1.28 |
1.65 |
0.97 |
0.29 |
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Noninterest Inc. / Op. Exp. |
8.34 |
3.70 |
3.65 |
1.79 |
0.58 |
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Noninterest Inc. / Avg. Assets |
1.78 |
0.45 |
0.45 |
0.21 |
0.09 |
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Provision. / Avg. Assets |
3.25 |
3.19 |
2.00 |
0.07 |
5.21 |
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Effective Tax Rate |
0.00 |
4.71 |
0.00 |
18.20 |
70.33 |
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Productivity |
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Branches |
10 |
9 |
9 |
9 |
9 |
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Loans / Branch |
324 |
269 |
214 |
154 |
95 |
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Deposits / Branch |
1,175 |
1,091 |
786 |
654 |
508 |
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Growth Measures |
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Assets |
27.82 |
38.57 |
25.38 |
22.44 |
(2.63) |
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Gross Loans |
34.09 |
25.55 |
39.14 |
62.42 |
(2.15) |
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Deposits |
19.71 |
38.84 |
20.07 |
28.75 |
39.13 |
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Equity |
50.72 |
66.21 |
87.46 |
6.66 |
(17.84) |
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Net Income |
55.82 |
176.18 |
987.44 |
356.62 |
(97.96) |
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Exch. Rate (Period-End Bs/US$) |
474.00 |
469.00 |
290.00 |
170.00 |
170.00 |
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Source: Francisco J. Faraco & Associates. Calculation based on data from Banks Financial Statements. |
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E-Mail: Faracor@spai1.lat.net |
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