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BANCO UNION- 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 |
420,276 |
316,371 |
217,654 |
152,785 |
167,868 |
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Gross Loans |
173,286 |
118,735 |
103,018 |
84,566 |
77,828 |
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Gross Investments |
124,197 |
106,423 |
48,164 |
16,835 |
34,040 |
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Total Loan Loss Reserve |
6,984 |
6,607 |
5,234 |
3,618 |
5,735 |
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Other Assets |
2,129 |
5,684 |
5,925 |
6,194 |
3,473 |
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Total Deposits |
348,353 |
262,534 |
182,651 |
131,620 |
151,012 |
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Total Equity |
26,777 |
19,722 |
16,641 |
10,347 |
10,477 |
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Averages |
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Average Assets |
183,535 |
219,602 |
161,850 |
146,586 |
139,681 |
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Average Loans |
73,293 |
103,322 |
95,130 |
64,899 |
60,800 |
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Average Equity |
11,871 |
14,525 |
11,100 |
9,827 |
8,692 |
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Average Investments |
50,861 |
41,840 |
43,072 |
13,227 |
13,591 |
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Asset Quality |
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Net Interest Income |
22,679 |
10,695 |
21,834 |
3,963 |
9,629 |
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Noninterest Income |
4,679 |
2,508 |
2,223 |
1,400 |
979 |
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Extraordinary Gains, Net |
0 |
7,048 |
314 |
4,559 |
727 |
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Total Revenues |
40,024 |
35,647 |
38,565 |
17,428 |
19,708 |
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Loans Loss Provision |
2,275 |
2,779 |
5,252 |
200 |
1,001 |
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Operating Expenses |
18,627 |
13,071 |
11,075 |
9,023 |
8,150 |
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Income Tax |
773 |
220 |
250 |
100 |
365 |
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Net Income |
7,055 |
3,081 |
218 |
51 |
1,352 |
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Asset Quality |
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Total Past Due Loans |
2,808 |
3,449 |
3,803 |
4,935 |
5,758 |
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Loan Loss Reserve/Gross Loans |
4.03 |
5.56 |
5.08 |
4.28 |
7.37 |
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Past Due Loans / Gross Loans |
1.62 |
2.90 |
3.69 |
5.84 |
7.40 |
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Coverage of Past Due Loans |
248.75 |
191.58 |
137.65 |
73.32 |
99.59 |
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Net Past Due Loans / Equity |
(15.60) |
(16.01) |
(8.60) |
12.73 |
0.22 |
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Capital Adequacy |
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Equity/Assets |
6.37 |
6.23 |
7.65 |
6.77 |
6.24 |
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Equity / Gross Loans |
15.45 |
16.61 |
16.15 |
12.24 |
13.46 |
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Liquidity |
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Gross Loans / Gross Assets |
40.42 |
36.70 |
46.08 |
53.95 |
44.73 |
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Gross Loans / Deposits |
49.74 |
45.23 |
56.40 |
64.25 |
51.54 |
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Liquid Assets / Assets |
24.41 |
29.56 |
23.56 |
21.98 |
31.39 |
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Profitability |
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Return on Avg. Assets |
7.69 |
2.81 |
0.27 |
0.07 |
1.94 |
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Return on Avg. Equity |
118.86 |
42.42 |
3.93 |
1.04 |
31.12 |
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Net Interest Margin |
24.71 |
9.74 |
26.98 |
5.41 |
13.79 |
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Overhead Ratio |
82.13 |
122.21 |
50.72 |
227.70 |
84.64 |
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Operating Expenses / Avg. Assets |
20.30 |
11.90 |
13.69 |
12.31 |
11.67 |
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Noninterest Inc. / Total Revs. |
11.69 |
7.04 |
5.76 |
8.03 |
4.97 |
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Noninterest Inc. / Op. Exp. |
25.12 |
19.19 |
20.07 |
15.51 |
12.01 |
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Noninterest Inc. / Avg. Assets |
5.10 |
2.28 |
2.75 |
1.91 |
1.40 |
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Provision. / Avg. Assets |
3.94 |
3.53 |
15.85 |
1.02 |
2.10 |
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Effective Tax Rate |
9.87 |
6.67 |
53.43 |
66.19 |
21.25 |
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Productivity |
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Branches |
168 |
168 |
167 |
167 |
164 |
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Loans / Branch |
1,031 |
707 |
617 |
506 |
475 |
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Deposits / Branch |
2,074 |
1,563 |
1,094 |
788 |
921 |
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Growth Measures |
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Assets |
32.84 |
45.35 |
42.46 |
(8.99) |
37.77 |
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Gross Loans |
45.94 |
15.26 |
21.82 |
8.66 |
30.65 |
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Deposits |
32.69 |
43.74 |
38.77 |
(12.84) |
56.95 |
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Equity |
35.77 |
18.51 |
60.83 |
(1.24) |
14.82 |
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Net Income |
129.01 |
1,313.56 |
326.67 |
(96.22) |
2.05 |
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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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