ICICI Bank registered a growth of 26.69% in consolidated net profit to Rs 11,198.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 8,839.20 million for the quarter ended Dec. 31, 2006.
Total income reported an increase of 47.72% to Rs 156,533.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 105,963.10 million for the same period, last year.
On standalone basis, the bank registered a growth of 35.18% in net profit to Rs 12,302.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 9,100.80 million for the same period, last year.
Interest income for the quarter rose 35.83% to Rs 79,117.7 million as against Rs 58,246.5 million for the same quarter, a year ago. Quarterly results (Rs in mn) As at December 2007(3) December 2006(3) %Change Total Income 103,383.60 78,052.40 32.45 Net Profit 12,302.10 9,100.80 35.18
The total income of the bank reported an increased of 32.45% to Rs 103,383.60 million for the quarter ended Dec. 31, 2007, as compared to Rs 78,052.40 million for the same period, previous year.
It is believed that the bank is looking at breaking into the elite list of world`s top ten banks within five years. It expects its overseas business to account for at least one-fourth of its balance sheet in 2008.
It is already the country`s largest in terms of overseas business. At present, the bank is present in 18 countries globally. It has over USD 19 billion of overseas assets.
Shares of the bank declined Rs 76.35, or 5.78%, to settle at Rs 1,245.45. The total volume of shares traded was 1,710,859 at the BSE. (Friday)
No comments:
Post a Comment