Bank Results Season (India Earnings Season) ICICI BANK RESULTS UPDATE

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ICICI BANK RESULTS UPDATE: ICICI Bank followed results from HDFC and YES at the top of the heap with growth in advances at 19% to Rs 2.24 lakh crores or or $50 billion, implying a balance sheet size of between $75 bln and $100 bln getting into place behind State Bank of India’s $350 bln balance sheet . The net Interest Margin is also healthy at 2.7% and a continued quarterly Fee based Income of $375 mln, making a  neat $1.5 bln for the full year in investment banking fees.

ICICI Bank’s Profits have come higher by 45% for the quarter year on year at $360 mln odd ( at our own flat rate of Rs 40 for the Dollar)

Q4 NII is Rs 25.2 bln and full year profits have gone up to Rs 51.5 bln and Rs 61 bln on a consolidated basis incl the impact of a lost car loan pool sold off on RBI directions Domestic credit grew by a large 35% for the year. PCR has stayed above even 75% to 76% and non perfroming loans are down to 0.94% releasing Rs 32.8 bln in profits

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