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BANCO NOROCO- 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 |
12,091 |
8,381 |
6,214 |
5,222 |
3,245 |
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Gross Loans |
3,381 |
2,544 |
2,164 |
1,281 |
522 |
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Gross Investments |
5,016 |
3,370 |
2,907 |
2,934 |
1,935 |
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Total Loan Loss Reserve |
56 |
54 |
43 |
25 |
12 |
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Other Assets |
238 |
257 |
203 |
70 |
54 |
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Total Deposits |
8,575 |
5,401 |
4,265 |
3,410 |
1,723 |
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Total Equity |
2,117 |
1,980 |
1,751 |
1,654 |
1,466 |
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Averages |
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Average Assets |
5,543 |
6,665 |
5,013 |
3,652 |
2,133 |
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Average Loans |
1,515 |
2,132 |
1,937 |
578 |
245 |
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Average Equity |
1,105 |
1,552 |
1,466 |
1,321 |
1,081 |
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Average Investments |
2,467 |
2,873 |
3,173 |
2,191 |
1,211 |
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Asset Quality |
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Net Interest Income |
1,175 |
837 |
604 |
574 |
314 |
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Noninterest Income |
155 |
258 |
168 |
53 |
14 |
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Extraordinary Gains, Net |
1 |
55 |
51 |
2 |
63 |
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Total Revenues |
2,010 |
1,733 |
1,178 |
838 |
538 |
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Loans Loss Provision |
6 |
11 |
16 |
8 |
7 |
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Operating Expenses |
755 |
582 |
408 |
291 |
200 |
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Income Tax |
5 |
4 |
5 |
3 |
1 |
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Net Income |
459 |
545 |
345 |
327 |
179 |
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Asset Quality |
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Total Past Due Loans |
5 |
18 |
2 |
0 |
0 |
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Loan Loss Reserve/Gross Loans |
0.46 |
0.64 |
0.69 |
0.48 |
0.35 |
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Past Due Loans / Gross Loans |
0.16 |
0.71 |
0.08 |
0.00 |
0.06 |
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Coverage of Past Due Loans |
1,066.45 |
299.97 |
2,425.81 |
0.00 |
3,864.43 |
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Net Past Due Loans / Equity |
(2.40) |
(1.81) |
(2.34) |
(1.53) |
(0.77) |
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Capital Adequacy |
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Equity/Assets |
17.51 |
23.63 |
28.18 |
31.67 |
45.16 |
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Equity / Gross Loans |
62.61 |
77.85 |
80.94 |
129.05 |
280.95 |
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Liquidity |
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Gross Loans / Gross Assets |
27.71 |
29.97 |
34.33 |
24.41 |
15.98 |
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Gross Loans / Deposits |
39.43 |
47.11 |
50.74 |
37.58 |
30.27 |
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Liquid Assets / Assets |
30.62 |
45.84 |
29.11 |
31.60 |
44.61 |
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Profitability |
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Return on Avg. Assets |
16.57 |
16.36 |
13.77 |
17.93 |
16.76 |
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Return on Avg. Equity |
83.13 |
70.26 |
47.06 |
49.56 |
33.07 |
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Net Interest Margin |
42.38 |
25.12 |
24.11 |
31.46 |
29.45 |
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Overhead Ratio |
64.28 |
69.51 |
67.46 |
50.65 |
63.54 |
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Operating Expenses / Avg. Assets |
27.25 |
17.46 |
16.26 |
15.93 |
18.71 |
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Noninterest Inc. / Total Revs. |
7.73 |
14.90 |
14.22 |
6.32 |
2.61 |
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Noninterest Inc. / Op. Exp. |
20.57 |
44.39 |
41.10 |
18.20 |
7.03 |
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Noninterest Inc. / Avg. Assets |
5.60 |
7.75 |
6.68 |
2.90 |
1.32 |
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Provision. / Avg. Assets |
2.60 |
0.60 |
2.60 |
0.46 |
1.11 |
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Effective Tax Rate |
0.97 |
0.67 |
1.40 |
0.91 |
0.60 |
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Productivity |
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Branches |
2 |
2 |
2 |
1 |
1 |
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Loans / Branch |
1,690 |
1,272 |
1,082 |
1,281 |
522 |
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Deposits / Branch |
4,287 |
2,700 |
2,133 |
3,410 |
1,723 |
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Growth Measures |
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Assets |
44.26 |
34.87 |
19.01 |
60.90 |
81.94 |
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Gross Loans |
32.89 |
17.57 |
68.87 |
145.63 |
121.34 |
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Deposits |
58.77 |
26.63 |
25.07 |
97.87 |
204.41 |
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Equity |
6.88 |
13.08 |
5.92 |
12.82 |
25.94 |
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Net Income |
(15.75) |
58.03 |
5.38 |
83.13 |
19.91 |
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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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