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Activities of Credit Unions in 4th Quarter of - FKTK.xls

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					                                                                                                                                                                                                       Annex Nr. 1
Assets and Liabilities of Credit Unions
                                                                                                                                                                                                    (in thousand lats)
                                                             2005                                                2006                                                      In comparison to previous period
             Assets and Liabilities                        31.12.05.          31.03.06.          30.06.06.                30.09.06.           31.12.06.           31.12.2005. 31.03.2006. 30.06.2006. 30.09.2006.
                                                         amount        %    amount        %    amount        %          amount        %    amount         %                                %
Assets
Cash                                                         96.1     1.5      141.2     2.1       98.1     1.4            146.5     2.0      139.6         1.9          45.3         -1.1          42.2         -4.7
Claims on the Bank of Latvia                                  0.0     0.0        0.0     0.0        0.0     0.0              0.0     0.0        0.0         0.0             -            -             -            -
Claims on Latvian MFIs                                      561.4     8.8      937.9    13.9      721.8    10.4            614.2     8.4      500.7         6.8         -10.8        -46.6         -30.6        -18.5
Loans                                                     5,533.8    86.7    5,493.6    81.2    5,914.6    85.5          6,327.1    87.0    6,539.6        88.9          18.2         19.0          10.6          3.4
Fixed assets                                                 40.4     0.6       40.1     0.6       37.3     0.5             40.4     0.6       36.7         0.5          -9.1         -8.5          -1.6         -9.2
Other assets                                                153.8     2.4      151.1     2.2      143.4     2.1            143.6     2.0      141.8         1.9          -7.8         -6.1          -1.1         -1.3
  Prepayments and accrued income                            105.4     1.7      102.4     1.5      100.4     1.5            102.4     1.4      102.8         1.4          -2.5          0.3           2.3          0.4
  Other assets                                                7.3     0.1        9.7     0.1        5.3     0.1              4.4     0.1        4.9         0.1         -33.0        -49.6          -8.6         10.4
  Intangible assets                                          41.1     0.6       38.9     0.6       37.6     0.5             36.8     0.5       34.2         0.5         -17.0        -12.3          -9.1         -7.2
Total assets                                              6,385.4   100.0    6,763.9   100.0    6,915.2   100.0          7,271.9   100.0    7,358.5       100.0          15.2          8.8           6.4          1.2
Liabilities
Liabilities to MFIs in Latvia                               242.3     3.8      243.3     3.6      310.6     4.5            439.4     6.0      341.3         4.6          40.9         40.3          9.9         -22.3
Member's deposits                                         4,252.8    66.6    4,561.5    67.4    4,538.4    65.6          4,670.0    64.2    4,787.2        65.1          12.6          4.9          5.5           2.5
  by local governments                                        6.2     0.1        6.2     0.1        6.2     0.1              8.4     0.1       56.2         0.8         813.6        813.6        808.6         570.4
  by private persons                                      3,393.4    53.1    3,701.1    54.7    3,670.2    53.1          3,796.7    52.2    3,863.8        52.5          13.9          4.4          5.3           1.8
  by non-profit institutions servicing private persons      853.2    13.4      854.2    12.6      862.0    12.5            864.8    11.9      867.2        11.8           1.6          1.5          0.6           0.3
Other liabilities                                           187.0     2.9      184.8     2.7      186.3     2.7            169.3     2.3      162.2         2.2         -13.3        -12.3        -13.0          -4.2
  Deferred income and accrued expense                       154.4     2.4      161.9     2.4      174.0     2.5            150.8     2.1      156.8         2.1           1.6         -3.1         -9.8           4.0
  Other liabilities                                          32.6     0.5       22.9     0.3       12.3     0.2             18.5     0.3        5.3         0.1         -83.6        -76.8        -56.8         -71.3
Provisions for debts and liabilities                        237.4     3.7      226.5     3.3      251.6     3.6            253.8     3.5      264.4         3.6          11.4         16.8          5.1           4.2
  Specific provisions for bad and doubtful debts            226.2     3.5      216.9     3.2      225.9     3.3            242.2     3.3      251.7         3.4          11.3         16.0         11.4           3.9
  Other                                                      11.2     0.2        9.5     0.1       25.7     0.4             11.6     0.2       12.7         0.2          13.1         33.4        -50.6           9.5
Equity                                                    1,465.9    23.0    1,547.8    22.9    1,628.3    23.5          1,739.3    23.9    1,803.3        24.5          23.0         16.5         10.7           3.7
  Paid-up capital                                         1,119.1    17.5    1,175.2    17.4    1,218.9    17.6          1,301.0    17.9    1,379.3        18.7          23.2         17.4         13.2           6.0
  Share premium                                              10.0     0.2       10.2     0.2       10.4     0.1             10.5     0.1       10.2         0.1           2.2          0.7         -1.3          -2.2
  Reserve capital                                           260.8     4.1      308.4     4.6      312.4     4.5            315.7     4.3      319.6         4.3          22.6          3.6          2.3           1.2
  Retained profit/loss of previous years                     -8.5    -0.1       -5.2    -0.1       -6.8    -0.1             -8.2    -0.1       -9.7        -0.1         -14.7            -            -             -
  Retained profit/loss of the reporting year                 84.5     1.3       59.2     0.9       93.5     1.4            120.4     1.7      103.9         1.4          23.0            -            -             -
Total liabilities                                         6,385.4   100.0    6,763.9   100.0    6,915.2   100.0          7,271.9   100.0    7,358.5       100.0          15.2          8.8          6.4           1.2




31
     Analysis of Asset and Liabilities of Credit Unions
                                                                                                                                                              (in thousand lats)
                                                          2005                                                               2006
             Quality of the Loan Portfolio              31.12.05.                31.03.06.                30.06.06.                  30.09.06.               31.12.06.
                                                   amount         %         amount         %         amount         %           amount         %        amount         %
 Standart loans                                      3,804.1        68.7      3,877.2        70.6     4,206.1         71.1        4,484.0        70.9     4,727.9        72.3
 Close-watch loans                                   1,623.7        29.3      1,531.9        27.9     1,625.4         27.5        1,752.0        27.7     1,703.5        26.0
 Non-performing loans                                  106.0         1.9         84.5         1.5        83.1          1.4           91.1         1.4       108.3         1.7
   Substandart                                          22.2         0.4         22.0         0.4        20.7          0.3           25.5         0.4        26.9         0.4
   Doubtful                                             42.8         0.8         21.0         0.4        22.1          0.4           23.4         0.4        23.5         0.4
   Lost                                                 41.0         0.7         41.5         0.8        40.3          0.7           42.2         0.7        57.9         0.9
 Total                                               5,533.8       100.0      5,493.6       100.0     5,914.6        100.0        6,327.1       100.0     6,539.6       100.0
 Specific provisions for claims on non-banks           226.2         4.1        216.9         3.9       225.9          3.8          242.2         3.8       251.7         3.8
 Loans (net)                                         5,307.6           -      5,276.7           -     5,688.7            -        6,084.9           -     6,287.9           -

                                                          2005                                                               2006                                                      In comparison to previous period
                     Loans structure                    31.12.05.                31.03.06.                30.06.06.                  30.09.06.               31.12.06.        31.12.2005. 31.03.2006.
                                                   amount         %         amount         %         amount         %           amount         %        amount         %                              %
 Consumer credit                                     3,342.0        60.4      3,303.9        60.1     3,608.3         61.0        3,790.0        59.9     3,751.3        57.4        12.2         13.5
 Mortgage loans                                      1,998.5        36.1      1,975.1        36.0     2,063.6         34.9        2,260.8        35.7     2,516.7        38.5        25.9         27.4
 Other                                                 193.3         3.5        214.6         3.9       242.7          4.1          276.3         4.4       271.7         4.2        40.6         26.6
 Total                                               5,533.8       100.0      5,493.6       100.0     5,914.6        100.0        6,327.1       100.0     6,539.6       100.0        18.2         19.0

                                                          2005                                                               2006                                                           In comparison to previous period
                   Loans and Deposits                  31.12.05.                31.03.06.                 30.06.06.                  30.09.06.               31.12.06.             31.12.2005. 31.03.2006.
                                                   amount        %          amount        %          amount         %           amount         %        amount         %                                   %
 Loans Maturity Structure
 Loans                                               5,533.8      100.0       5,493.6      100.0      5,914.6        100.0          6,327.1     100.0     6,539.6         100.0           18.2         19.0
   On demand                                            25.4        0.5          12.9        0.2         28.0          0.5             28.8       0.5        24.9           0.4           -1.9         93.4
   Short-term (up to 1 year)                         2,171.4       39.2       2,030.1       37.0      1,910.5         32.3          1,955.3      30.9     1,822.3          27.9          -16.1        -10.2
   Medium-term (1 to 5 years)                        1,713.8       31.0       1,753.3       31.9      2,123.9         35.9          2,416.5      38.2     2,496.8          38.2           45.7         42.4
   Long-term (over 5 years)                          1,623.3       29.3       1,697.3       30.9      1,852.1         31.3          1,926.6      30.4     2,195.6          33.6           35.3         29.4
 Deposits Maturity Structure
 Deposits                                            4,252.8         93.1     4,561.5         93.5    4,538.4        100.0          4,670.0     100.0     4,787.2         100.0           12.6          4.9
   On demand                                         1,134.6         26.7     1,223.2         26.8    1,317.4         29.0          1,697.3      36.3     1,277.1          26.7           12.6          4.4
   Short-term (up to 1 year)                         1,799.2         42.3     2,029.1         44.5    1,915.8         42.2          1,900.6      40.7     2,073.6          43.3           15.3          2.2
   Medium-term (1 to 5 years)                        1,025.1         24.1     1,011.5         22.2    1,006.4         22.2            761.7      16.3     1,111.2          23.2            8.4          9.9
   Long-term (over 5 years)                            293.9          6.9       297.6          6.5      298.9          6.6            310.4       6.6       325.3           6.8           10.7          9.3




32
                               Annex Nr. 2




     In comparison to previous period
                      30.06.2006. 30.09.2006.
                    %
                               4.0        -1.0
                              22.0       11.3
                              11.9        -1.7
                              10.6         3.4

     In comparison to previous period
                      30.06.2006. 30.09.2006.
                    %

                             10.6          3.4
                            -11.0        -13.4
                             -4.6         -6.8
                             17.6          3.3
                             18.5         14.0

                             5.5           2.5
                            -3.1         -24.8
                             8.2           9.1
                            10.4          45.9
                             8.8           4.8




32
Profit/Loss Account and Performance Indicators of Credit Unions

                                                                                 2005                                2006
                                Profit and Loss account
                                                                               31.12.05.    31.03.06.      30.06.06.        30.09.06.    31.12.06.
                                                                                                         in thousand lats
Interest income                                                                    627.5        164.1            333.3          513.4        699.4
  Interest income from claims on MFIs                                                7.9          2.4              6.2           14.0         12.0
  Interest income from loans                                                       619.6        161.5            326.9          499.1        687.2
  Other                                                                              0.0          0.2              0.3            0.3          0.2
Interest expense                                                                   170.9         47.9             98.2          151.8        211.3
  Interest expense on liabilities to MFIs                                           15.9          3.5              8.0           13.9         21.5
  Interest expense on deposits                                                     154.9         44.4             90.2          137.9        189.8
Net interest income                                                                456.7        116.2            235.1          361.7        488.1
Fee and commission and other similar income                                         77.1         31.4             56.5           84.0        107.6
Fee and commission and other similar expense                                        17.6          3.1              7.9           13.6         18.3
Profit/loss from purchasing/sale of foreign currencies                              -3.8          0.6              1.2            2.4          3.9
Profit/loss from revaluation of foreign currencies                                   3.4         -0.8             -0.9           -1.9         -2.8
Other ordinary income                                                                4.8          0.6              1.9            3.3          4.8
Other ordinary expense                                                              23.0          6.1             12.1           18.2         24.2
Gains/losses from financial activities                                             497.5        138.7            273.8          417.5        559.2
Administrative expenses                                                            340.8         80.1            165.7          257.7        394.5
  Remuneration of the Board and the Executive Board                                 39.8          7.8             20.3           30.4         48.5
  Remuneration of the staff                                                        153.3         38.0             80.4          124.7        181.3
  Other                                                                            147.7         34.4             65.0          102.6        164.8
Amortisation of intangible assets, depreciation and disposal of fixed assets        20.1          5.9             11.8           17.6         25.8
Bad and doubtful debts expense (net)                                                39.7         -9.7             -2.4           14.5         25.3
Profit/loss before tax                                                              96.9         62.5             98.8          127.7        113.6
Tax                                                                                 12.4          3.2              5.2            7.3          9.7
Retained profit of the reporting year                                               84.5         59.2             93.5          120.4        103.9



                                                                                 2005                              2006
                                 Performance indicators                        31.12.05.    31.03.06.      30.06.06.   30.09.06.         31.12.06.
                                                                                                              %
Return on Equity (ROE)1                                                               6.4         15.6            12.0            10.0          6.3
Return on assets (ROA)2                                                               1.5          3.6             2.8             2.4          1.5
Financial efficiency ratio3                                                          74.4         54.0            60.0            64.0         73.9
Capital adequacy4                                                                    22.8         22.6            23.4            23.8         24.4
1
    Annualised profit/loss for the reporting period over average equity
2
    Annualised profit/loss for the reporting period over average assets
3
    Administrative expenses over financial activity profit/loss
4
 Total capital and reserves versus total assets and off-balance liabilities




                                                                                                                                                      33
Annex Nr. 3


31.12.2006. in
comparison to
 31.12.2005.
      %
            11.4
            52.3
            10.9
               -
            23.6
            34.9
            22.5
             6.9
            39.6
             3.8
               -
          -181.3
             0.2
             5.4
            12.4
            15.8
            21.7
            18.3
            11.5
            28.1
           -36.3
            17.3
           -21.8
            23.0




                   33
                                                                                                                                                                                             Annex Nr. 4
     Income and Expense of Credit Unions
                                                                                                                                                                                        (in thousand lats)
                                                                                        31.12.05.               31.03.06.               30.06.06.               30.09.06.               31.12.06.
                                Income and Expense                                  amount          %       amount          %       amount          %       amount          %       amount
     Income
     Interest income                                                                   627.5         73.7      164.1         65.3      333.3         67.2      513.4         69.8      699.4
       Interest income from claims on MFIs                                               7.9          0.9        2.4          1.0        6.2          1.2       14.0          1.9       12.0
       Interest income from loans                                                      619.6         72.7      161.5         64.2      326.9         65.9      499.1         67.9      687.2
       Other interest income                                                             0.0          0.0        0.2          0.0        0.3          0.0        0.3          0.0        0.2
     Fee and commission and other similar income                                        77.1          9.1       31.4         12.5       56.5         11.4       84.0         11.4      107.6
     Profit from purchasing/sale of foreign currencies                                   0.0          0.0        0.6          0.3        1.2          0.2        2.4          0.3        3.9
     Profit from revaluation of foreign currencies                                       3.4          0.4        0.0          0.0        0.0          0.0        0.0          0.0        0.0
     Other ordinary income                                                               4.8          0.6        0.6          0.2        1.9          0.4        3.3          0.4        4.8
     Income from a decrease in provisions                                              139.0         16.3       54.7         21.8      103.3         20.8      132.2         18.0      163.3
     Total                                                                             851.8        100.0      251.4        100.0      496.4        100.0      735.3        100.0      979.0
     Expense
     Interest expense                                                                  170.9         22.3       47.9         24.9       98.2         24.4      151.8         24.7      211.3
       Interest expense on liabilities to MFIs                                          15.9          2.1        3.5          1.8        8.0          2.0       13.9          2.3       21.5
       Interest expense on deposits                                                    154.9         20.2       44.4         23.1       90.2         22.4      137.9         22.4      189.8
     Fee and commission and other similar expense                                       17.6          2.3        3.1          1.6        7.9          2.0       13.6          2.2       18.3
     Loss from purchasing/sale of foreign currencies                                     3.8          0.5        0.0          0.0        0.0          0.0        0.0          0.0        0.0
     Deficit arising from revaluation of foreign currencies                              0.0          0.0        0.8          0.4        0.9          0.2        1.9          0.3        2.8
     Other ordinary expense                                                             23.0          3.0        6.1          3.2       12.1          3.0       18.2          3.0       24.2
     Bad and doubtful debts expense                                                    178.7         23.3       45.0         23.4      100.9         25.1      146.7         23.9      188.6
     Administrative expenses                                                           340.8         44.4       80.1         41.7      165.7         41.1      257.7         41.9      394.5
       Remuneration of the Board and the Executive Board                                39.8          5.2        7.8          4.0       20.3          5.0       30.4          4.9       48.5
       Remuneration of the staff                                                       153.3         20.0       38.0         19.8       80.4         20.0      124.7         20.3      181.3
       Other                                                                           147.7         19.2       34.4         17.9       65.0         16.1      102.6         16.7      164.8
     Amortisation of intangible assets, depreciation and disposal of fixed assets       20.1          2.6        5.9          3.0       11.8          2.9       17.6          2.9       25.8
     Taxes                                                                              12.4          1.6        3.2          1.7        5.2          1.3        7.3          1.2        9.7
     Total                                                                             767.4        100.0      192.1        100.0      402.8        100.0      614.9        100.0      875.1




34
       Annex Nr. 4

     (in thousand lats)
     31.12.06.
               %


                  71.4
                   1.2
                  70.2
                   0.0
                  11.0
                   0.4
                   0.0
                   0.5
                  16.7
                 100.0

                  24.1
                   2.5
                  21.7
                   2.1
                   0.0
                   0.3
                   2.8
                  21.5
                  45.1
                   5.5
                  20.7
                  18.8
                   2.9
                   1.1
                 100.0




34
                                                                             Annex 5
 List of Cooperative Savings and Loan Associations Operating on 31 December 2006

 1.   "Allažu saime"
 2.   "Avots 37"
 3.   Cēsu KKS
 4.   "Dzelzceļnieks KS"
 5.   "Dzēse Pluss"
 6.   Hanzas KKS
 7.   "Jūrnieku forums"
 8.   Kandavas novada KKS
 9.   Kauguru KKS
10.   "LAKRS KS"
11.   Latvijas autopārvadājumu nozares arodbiedrības KKS
12.   Latvijas Industriālo nozaru arodbiedrības biedru KKS
13.   Latvijas veselības un sociālās aprūpes darbinieku KKS
14.   Lielvārdes KKS
15.   "Līgatnes Druva"
16.   Metalurgu KKS
17.   "Nīgrande"
18.   Nītaures KKS
19.   Pūņu KKS
20.   Pūres KKS
21.   Raunas KKS
22.   "Rucavas krājaizdevu sabiedrība"
23.   Rundāles KKS
24.   Rūjienas KKS
25.   Salas KKS
26.   "Skolu krājaizdevu sabiedrība"
27.   Straupes KKS
28.   "Šķilbēni"
29.   Taurenes KKS
30.   Tirzas Kooperatīvā krājaizdevu sabiedrība
31.   Vecpiebalgas KKS
32.   Vecumnieku KKS
33.   Veselavas KKS
34.   "Vidzemes dukāts"
35.   Zosēnu KKS

				
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