Catholic Syrian Bank registered net profit of 112.7% growth rate

The net profit of the Thrissur-based Catholic Syrian Bank (CSB) has registered a 112.7% growth rate to touch Rs 25.9 crore for the year 2011-12. The operating profit increased by 178.14% to a level of Rs 93.5 crore.

The deposits of the bank grew by 22% and stood at Rs 10604.87 crore. The net advances increased to Rs 7663.54 crore from Rs 6220.02 crore as March 31, 2011. The gross NPA fell from 3.05 % to 2.36 % during the period under review. The net NPA fell from 1.74% to 1.10%.

The capital adequacy ratio stood at 11.08 %. Return on asset increased from 0.14 % to 0.24 %. Interest income increased to Rs 1075.63 crore from Rs 762.13 crore last year. Interest expenses increased to Rs 768.61 crore from Rs 513.98 crore last year. end