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BANCO SOFITASA- 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 |
40,097 |
23,318 |
18,419 |
15,067 |
11,783 |
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Gross Loans |
13,415 |
7,347 |
5,411 |
4,265 |
3,690 |
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Gross Investments |
15,408 |
9,319 |
7,879 |
5,913 |
3,683 |
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Total Loan Loss Reserve |
581 |
810 |
500 |
306 |
79 |
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Other Assets |
810 |
766 |
682 |
656 |
555 |
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Total Deposits |
30,125 |
20,139 |
16,103 |
12,984 |
10,458 |
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Total Equity |
3,217 |
2,374 |
1,856 |
1,646 |
1,107 |
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Averages |
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Average Assets |
14,432 |
18,519 |
15,253 |
12,442 |
9,797 |
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Average Loans |
3,973 |
5,518 |
6,092 |
3,037 |
2,696 |
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Average Equity |
1,368 |
1,812 |
1,434 |
1,094 |
901 |
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Average Investments |
5,813 |
7,085 |
7,438 |
4,021 |
1,952 |
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Asset Quality |
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Net Interest Income |
2,521 |
1,941 |
1,186 |
662 |
664 |
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Noninterest Income |
417 |
176 |
176 |
111 |
64 |
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Extraordinary Gains, Net |
10 |
280 |
42 |
76 |
20 |
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Total Revenues |
3,949 |
3,578 |
2,425 |
1,577 |
1,593 |
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Loans Loss Provision |
0 |
310 |
148 |
9 |
6 |
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Operating Expenses |
1,821 |
1,435 |
997 |
751 |
675 |
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Income Tax |
0 |
0 |
0 |
0 |
0 |
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Net Income |
1,003 |
617 |
250 |
78 |
54 |
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Asset Quality |
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Total Past Due Loans |
487 |
603 |
612 |
688 |
680 |
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Loan Loss Reserve/Gross Loans |
4.33 |
11.02 |
9.24 |
7.17 |
2.14 |
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Past Due Loans / Gross Loans |
3.63 |
8.21 |
11.31 |
16.14 |
18.43 |
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Coverage of Past Due Loans |
119.28 |
134.27 |
81.71 |
44.41 |
11.63 |
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Net Past Due Loans / Equity |
(2.92) |
(8.70) |
6.03 |
23.24 |
54.28 |
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Capital Adequacy |
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Equity/Assets |
8.02 |
10.18 |
10.08 |
10.93 |
9.40 |
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Equity / Gross Loans |
23.98 |
32.32 |
34.30 |
38.60 |
30.01 |
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Liquidity |
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Gross Loans / Gross Assets |
32.92 |
30.43 |
28.58 |
27.70 |
31.05 |
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Gross Loans / Deposits |
44.53 |
36.48 |
33.60 |
32.85 |
35.28 |
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Liquid Assets / Assets |
23.72 |
60.78 |
39.88 |
51.02 |
30.39 |
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Profitability |
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Return on Avg. Assets |
13.91 |
6.66 |
3.27 |
1.25 |
1.10 |
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Return on Avg. Equity |
146.72 |
68.08 |
34.82 |
14.24 |
11.91 |
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Net Interest Margin |
34.94 |
20.97 |
15.55 |
10.64 |
13.56 |
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Overhead Ratio |
72.24 |
73.91 |
84.13 |
113.53 |
101.59 |
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Operating Expenses / Avg. Assets |
25.24 |
15.50 |
13.08 |
12.08 |
13.78 |
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Noninterest Inc. / Total Revs. |
10.57 |
4.92 |
7.26 |
7.01 |
4.03 |
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Noninterest Inc. / Op. Exp. |
22.91 |
12.28 |
17.64 |
14.72 |
9.51 |
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Noninterest Inc. / Avg. Assets |
5.78 |
1.90 |
2.31 |
1.78 |
1.31 |
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Provision. / Avg. Assets |
0.82 |
3.73 |
2.05 |
0.30 |
0.41 |
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Effective Tax Rate |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
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Productivity |
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Branches |
35 |
35 |
33 |
33 |
27 |
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Loans / Branch |
383 |
210 |
164 |
129 |
137 |
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Deposits / Branch |
861 |
575 |
488 |
393 |
387 |
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Growth Measures |
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Assets |
71.96 |
26.59 |
22.25 |
27.87 |
33.65 |
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Gross Loans |
82.59 |
35.77 |
26.87 |
15.60 |
48.01 |
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Deposits |
49.58 |
25.07 |
24.03 |
24.15 |
37.19 |
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Equity |
35.50 |
27.91 |
12.74 |
48.71 |
35.62 |
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Net Income |
62.69 |
146.97 |
220.51 |
45.24 |
363.76 |
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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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