Union Bank of India

Union Bank of India's npls (as % of loans) fell 6.86% to 14.9% in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India's non-performing loans reached 14.9% of total loans at the end of 2018, down from 16.0% compared to the previ...

Union Bank of India's net interest margin rose 5.12% to 2.11% in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India's net interest margin amounted to 2.11% in 2018, up from 2.00% compared to the previous year. Historic...

Union Bank of India's net interest income rose 9.88% to INR 104 bil in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India generated total banking revenues of INR 155 bil in 2018, up 3.38% compared to the previous year. Hist...

Profit Statement 2016 2017 2018
Net Interest Income INR bil 90.4 94.8 104
Fee Income (As % Of Revenues) % 3.11 3.37 3.76
Other Income INR bil 49.5 49.7 44.6
Total Revenues INR bil 144 150 155
Operating Profit INR bil 69.4 59.5 76.0
Provisions INR bil 66.1 125 105
Net Profit INR bil 5.73 -52.1 -29.2
Balance Sheet 2016 2017 2018
Interbank Loans INR bil 272 353 224
Customer Loans INR bil 2,771 2,837 2,988
Debt Securities INR bil 1,132 1,253 1,282
Total Assets INR bil 4,557 4,911 4,986
Shareholders' Equity INR bil 241 253 268
Interbank Borrowing INR bil 37.5 29.4 0
Customer Deposits INR bil 3,689 4,033 4,175
Issued Debt Securities INR bil 472 510 433
Ratios 2016 2017 2018
ROE % 2.43 -21.1 -11.2
ROA % 0.133 -1.10 -0.591
Costs (As % Of Assets) % 1.74 1.90 1.59
Costs (As % Of Income) % 51.9 60.2 50.8
Capital Adequacy Ratio % 12.9 11.5 11.9
Net Interest Margin % 2.10 2.00 2.11
Loans (As % Of Deposits) % 75.1 70.4 71.6
NPLs (As % Of Loans) % 11.5 16.0 14.9
Provisions (As % Of NPLs) % 44.1 50.7 58.3
Valuation 2016 2017 2018
Market Capitalisation (End Of Period) USD mil 1,577 1,724 2,415
Share Price (End Of Period) INR 156 145 143
Price/Earnings (P/E) 18.7 ... ...
Price/Book Value (P/BV) 0.445 0.435 0.628
Dividend Yield % 0 0 0
Earnings Per Share (EPS) INR 8.33 -69.0 -24.9
Book Value Per Share INR 351 334 228
Dividend Per Share INR 0 0 0

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summary Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Net Interest Income INR bil       75.9 79.3 85.2 84.2 90.4    
Total Revenues INR bil       105 111 125 124 144    
Operating Profit INR bil       48.2 47.1 56.6 56.8 69.4    
Net Profit INR bil       21.6 16.8 17.6 13.6 5.73    
balance sheet                    
Interbank Loans INR bil       177 139 174 222 272    
Customer Loans INR bil       1,958 2,201 2,461 2,601 2,771    
Debt Securities INR bil       817 945 952 904 1,132    
Total Assets INR bil       3,129 3,550 3,836 4,074 4,557    
Shareholders' Equity INR bil       175 188 199 230 241    
Interbank Borrowing INR bil       25.0 34.4 69.7 39.7 37.5    
Customer Deposits INR bil       2,519 2,856 3,035 3,328 3,689    
Issued Debt Securities INR bil       343 393 433 397 472    
ratios                    
ROE %       13.4 9.25 9.10 6.32 2.43    
ROA %       0.749 0.502 0.477 0.343 0.133    
Costs (As % Of Assets) %       1.96 1.90 1.85 1.69 1.74    
Costs (As % Of Income) %       54.0 57.5 54.6 54.0 51.9    
Capital Adequacy Ratio %       11.4 10.9 10.2 10.6 12.9    
Net Interest Margin %       2.64 2.37 2.31 2.13 2.10    
Interest Income (As % Of Revenues) %       72.6 71.6 68.3 68.1 62.6    
Fee Income (As % Of Revenues) %       3.41 3.96 3.06 3.23 3.11    
Equity (As % Of Assets) %       5.58 5.29 5.19 5.66 5.29    
Loans (As % Of Deposits) %       77.7 77.1 81.1 78.1 75.1    
Loans (As % Assets) %       62.6 62.0 64.2 63.8 60.8    
NPLs (As % Of Loans) %       3.18 4.26 5.17 8.94 11.5    
Provisions (As % Of NPLs) %       44.6 44.2 46.9 42.0 44.1    
valuation                    
Market Capitalisation (End Of Period) USD mil       2,375 1,401 1,578 1,356 1,577    
Number Of Shares (Average) mil       552 606 633 662 687    
Share Price (End Of Period) INR       236 143 157 136 156    
Earnings Per Share (EPS) INR       39.1 27.7 27.8 20.5 8.33    
Book Value Per Share INR       316 310 314 348 351    
Dividend Per Share INR       8.65 4.16 6.02 2.03 0    
Price/Earnings (P/E)       6.03 5.17 5.65 6.63 18.7 ... ...
Price/Book Value (P/BV)       0.745 0.462 0.500 0.390 0.445    
Dividend Yield %       3.67 2.91 3.83 1.49 0    
Earnings Per Share Growth % ...     15.7 -29.2 0.491 -26.3 -59.4    
Book Value Per Share Growth % ...     12.0 -2.11 1.50 10.8 0.643    
income statement Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                    
Interest Income INR bil       252 294 322 323 328    
Interest Cost INR bil       176 215 236 239 238    
Net Interest Income INR bil       75.9 79.3 85.2 84.2 90.4    
Net Fee Income INR bil       3.57 4.39 3.82 3.99 4.50    
Other Income INR bil       25.1 27.0 35.8 35.4 49.5    
Total Revenues INR bil       105 111 125 124 144    
Operating Cost INR bil       56.5 63.6 68.2 66.7 75.0    
Operating Profit INR bil       48.2 47.1 56.6 56.8 69.4    
Provisions INR bil       17.8 26.7 29.0 39.2 66.1    
Extra and Other Cost INR bil       0.017 -0.025 0.004 0.018 -0.258    
Pre-Tax Profit INR bil       30.4 20.4 27.6 17.6 3.59    
Tax INR bil       9.06 3.71 10.0 4.15 -2.08    
Minorities INR bil       -0.108 0.106 0.104 -0.090 0    
Net Profit INR bil       21.6 16.8 17.6 13.6 5.73    
Dividends INR bil       4.77 2.52 3.81 1.34 0    
growth rates                    
Net Interest Income Growth % ...     9.68 4.39 7.54 -1.21 7.35    
Net Fee Income Growth % ...     -0.477 23.0 -13.0 4.48 12.9    
Total Revenue Growth % ...     13.2 5.76 12.8 -0.997 16.9    
Operating Cost Growth % ...     17.2 12.6 7.26 -2.13 12.4    
Operating Profit Growth % ...     8.90 -2.25 20.3 0.369 22.2    
Pre-Tax Profit Growth % ...     13.3 -32.8 35.2 -36.3 -79.6    
Net Profit Growth % ...     21.7 -22.3 5.04 -23.0 -57.8    
market share                    
Market Share in Revenues % ... ...   4.43 4.10 4.11 3.67 3.59   ...
Market Share in Net Profit % ... ...   3.64 3.11 3.23 3.30 ... ... ...
balance sheet Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                    
Cash INR bil       108 184 151 156 165    
Interbank Loans INR bil       177 139 174 222 272    
Customer Loans INR bil       1,958 2,201 2,461 2,601 2,771    
Debt Securities INR bil       817 945 952 904 1,132    
Fixed Assets INR bil       25.0 26.2 26.9 39.5 39.2    
Total Assets INR bil       3,129 3,550 3,836 4,074 4,557    
Shareholders' Equity INR bil       175 188 199 230 241    
Of Which Minority Interest INR bil       0.298 0.192 0.088 0 0    
Liabilities INR bil       2,955 3,363 3,637 3,843 4,316    
Interbank Borrowing INR bil       25.0 34.4 69.7 39.7 37.5    
Customer Deposits INR bil       2,519 2,856 3,035 3,328 3,689    
Sight Deposits INR bil       232 219 205 292 233    
Term Deposits INR bil       2,287 2,637 2,830 3,036 3,456    
Issued Debt Securities INR bil       343 393 433 397 472    
Other Liabilities INR bil       67.5 79.3 98.7 78.2 117    
asset quality                    
Non-Performing Loans INR bil       63.1 95.6 130 242 337    
Gross Loans INR bil       1,986 2,243 2,522 2,702 2,920    
Total Provisions INR bil       28.2 42.2 61.1 101 149    
growth rates                    
Customer Loan Growth % ...     18.2 12.4 11.8 5.69 6.56    
Total Asset Growth % ...     19.0 13.5 8.04 6.20 11.9    
Shareholders' Equity Growth % ...     17.8 7.47 6.09 15.8 4.54    
Customer Deposit Growth % ...     18.2 13.4 6.27 9.64 10.9    
market share                    
Market Share in Customer Loans %       3.55 3.42 3.47 3.26 3.36   ...
Market Share in Total Assets %       3.60 3.51 3.44 3.23 3.21   ...
Market Share in Customer Deposits %       4.00 3.97 3.72 3.64 3.47   ...
ratios Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
ratios                    
ROE %       13.4 9.25 9.10 6.32 2.43    
ROA %       0.749 0.502 0.477 0.343 0.133    
Costs (As % Of Assets) %       1.96 1.90 1.85 1.69 1.74    
Costs (As % Of Income) %       54.0 57.5 54.6 54.0 51.9    
Capital Adequacy Ratio %       11.4 10.9 10.2 10.6 12.9    
Tier 1 Ratio %       8.24 7.64 7.53 8.20 9.07    
Net Interest Margin %       2.64 2.37 2.31 2.13 2.10    
Interest Spread % ...     2.27 2.00 1.95 1.78 1.78    
Asset Yield %       8.74 8.80 8.71 8.17 7.60    
Cost Of Liabilities % ...     6.47 6.80 6.76 6.39 5.83    
Payout Ratio %       22.1 15.0 21.7 9.88 0    
Interest Income (As % Of Revenues) %       72.6 71.6 68.3 68.1 62.6    
Fee Income (As % Of Revenues) %       3.41 3.96 3.06 3.23 3.11    
Other Income (As % Of Revenues) %       24.0 24.4 28.6 28.6 34.3    
Equity (As % Of Assets) %       5.58 5.29 5.19 5.66 5.29    
Loans (As % Of Deposits) %       77.7 77.1 81.1 78.1 75.1    
Loans (As % Assets) %       62.6 62.0 64.2 63.8 60.8    
NPLs (As % Of Loans) %       3.18 4.26 5.17 8.94 11.5    
Provisions (As % Of NPLs) %       44.6 44.2 46.9 42.0 44.1    
Provisions (As % Of Loans) %       1.44 1.92 2.48 3.90 5.37    
Cost of Provisions (As % Of Loans) %       0.983 1.28 1.25 1.55 2.46    
other data Unit 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
other data                    
Employees       31,798 33,806 35,514 35,473 36,877    
Sight (As % Of Customer Deposits) %       9.20 7.67 6.75 8.78 6.32    

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Union Bank of India's capital adequacy ratio rose 3.13% to 11.9% in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India's capital adequacy ratio reached 11.9% at the end of 2018, up from 11.5% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 13.0% in 2010 and an all time low of 10.2% in 2014. The Tier 1 ratio amo...

Union Bank of India's customer loan growth rose 125% to 5.32% in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India's customer loan growth reached 5.32% in 2018, up from 2.37% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 21.9% in 2010 and an all time low of 2.37% in 2017. In the last decade, the av...

Union Bank of India's total revenues rose 3.38% to INR 150 bil in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India generated total banking revenues of INR 150 bil in 2017, up 3.51% compared to the previous year. Indian banking sector banking sector generated total revenues of INR 4,320,359 mil in 2017, up 7.41% when compared to the last year. ...

Union Bank of India's customer deposits rose 3.53% to INR 4,033 bil in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India's customer deposits reached INR 4,033 bil in 2017, up 9.30% compared to the previous year. Indian banking sector accepted customer deposits of INR 110,303 bil in 2017, up 3.61% when compared to the last year. Union Bank of India accoun...

Union Bank of India's customer loans rose 5.32% to INR 2,837 bil in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India's customer loans reached INR 2,837 bil in 2017, up 2.37% compared to the previous year. Indian banking sector provided customer loans of INR 88,362 bil in 2017, up 7.04% when compared to the last year. Union Bank of India accounted for...

Union Bank of India's price/earnings (P/E) rose 182% to 18.7 in 2016

By Helgi Analytics - November 05, 2019

Union Bank of India stock traded at INR 156 per share at the end 2016 implying a market capitalization of USD 1,577 mil. Since the end of 2011, the stock has depreciated by -37.0 % implying an annual average growth of -8.83 %. In absolute terms, the value of the compa...

Union Bank of India's share price (end of period) fell 1.33% to INR 156 in 2018

By Helgi Analytics - November 05, 2019

Union Bank of India stock traded at INR 156 per share at the end of 2016 implying a market capitalization of USD 1,577 mil. Since the end of 2011, the stock has depreciated by -37.0 % implying an annual average growth of -8.83 %. In absolute terms, the value of the co...

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Finance

Union Bank of India has been growing its revenues and asset by 0% and 0% a year on average in the last 10 years. Its loans and deposits have grown by 0% and 0% a year during that time and loans to deposits ratio reached 71.6% at the end of 2018. The company achieved an average return on equity of 5.96% in the last decade with net profit growing 0% a year on average. In terms of operating efficiency, its cost to income ratio reached 50.8% in 2018, compared to 52.6% average in the last decade.

Equity represented 5.38% of total assets or 8.98% of loans at the end of 2018. Union Bank of India's non-performing loans were 14.9% of total loans while provisions covered some 58.3% of NPLs at the end of 2018.

Valuation

Union Bank of India stock traded at INR 143 per share at the end of 2018 resulting in a market capitalization of USD 2,415 mil. Over the previous five years, stock price rose by 0.355% or 0.07099999999999999% a year on average. That’s compared to an average ROE of -2.90% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of x and price to book value (PBV) of 0.628x in 2018.