Activities of Credit Unions in 1st Quarter of - FKTK by jizhen1947

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									                                                                                                                                                                                                       Annex Nr. 1
Assets and Liabilities of Credit Unions                                                                                                                                                             (in thousand lats)
                                                                                              2008                                              2009                       In comparison to previous period
              Assets and Liabilities                       31.03.08.          30.06.08.                30.09.08.          31.12.08.           31.03.09.           31.03.2008. 30.06.2008. 30.09.2008. 31.12.2008.
                                                         amount        %    amount        %          amount        %    amount        %    amount         %                               %
Assets
Cash                                                        196.0     2.3      186.9     2.1            150.1     1.6      154.2     1.7      181.3         1.9          -7.5         -3.0         20.8          17.5
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                                      759.2     9.0      556.0     6.4            378.9     4.1      571.6     6.2    1,015.6        10.5          33.8         82.7        168.0          77.7
Loans                                                     7,294.2    86.3    7,749.9    89.1          8,460.5    91.8    8,324.9    89.6    8,256.0        85.1          13.2          6.5         -2.4          -0.8
Fixed assets                                                 38.1     0.5       34.5     0.4             32.1     0.3       26.5     0.3       25.5         0.3         -33.2        -26.1        -20.7          -3.8
Other assets                                                165.4     2.0      167.9     1.9            191.6     2.1      211.3     2.3      218.7         2.3          32.2         30.2         14.2           3.5
  Prepayments and accrued income                            116.4     1.4      127.2     1.5            148.7     1.6      163.3     1.8      170.0         1.8          46.1         33.7         14.3           4.2
  Other assets                                               25.6     0.3       19.6     0.2             24.1     0.3       31.6     0.3       34.4         0.4          34.2         75.2         42.8           8.7
  Intangible assets                                          23.4     0.3       21.1     0.2             18.8     0.2       16.4     0.2       14.3         0.1         -38.9        -32.4        -24.0         -12.8
Total assets                                              8,452.9   100.0    8,695.1   100.0          9,213.2   100.0    9,288.4   100.0    9,697.0       100.0          14.7         11.5          5.3           4.4
Liabilities
Liabilities to MFIs in Latvia                               489.5     5.8      600.3     6.9            657.2     7.1      602.0     6.5      578.8         6.0          18.2         -3.6        -11.9          -3.9
Member's deposits                                         5,514.5    65.2    5,504.0    63.3          5,845.1    63.4    5,890.7    63.4    6,326.4        65.2          14.7         14.9          8.2           7.4
  by local governments                                        9.2     0.1        9.2     0.1              9.2     0.1        9.8     0.1        9.8         0.1           6.6          6.5          6.5           0.0
  by private persons                                      4,481.4    53.0    4,485.5    51.6          4,630.0    50.3    4,674.0    50.3    5,101.7        52.6          13.8         13.7         10.2           9.2
  by non-profit institutions servicing private persons    1,023.9    12.1    1,009.3    11.6          1,205.9    13.1    1,206.9    13.0    1,214.9        12.5          18.7         20.4          0.7           0.7
Other liabilities                                           208.8     2.5      208.9     2.4            228.7     2.5      221.4     2.4      256.8         2.6          23.0         22.9         12.3          16.0
  Deferred income and accrued expense                       201.2     2.4      201.6     2.3            220.4     2.4      218.3     2.4      241.7         2.5          20.1         19.9          9.7          10.7
  Other liabilities                                           7.5     0.1        7.3     0.1              8.3     0.1        3.1     0.0       15.1         0.2         100.0        106.3         82.4         387.3
Provisions for debts and liabilities                        307.1     3.6      306.6     3.5            351.7     3.8      400.8     4.3      427.2         4.4          39.1         39.3         21.5           6.6
  Specific provisions for bad and doubtful debts            263.9     3.1      273.6     3.1            323.2     3.5      363.9     3.9      367.8         3.8          39.4         34.5         13.8           1.1
  Other                                                      43.2     0.5       33.0     0.4             28.5     0.3       36.9     0.4       59.4         0.6          37.3         79.9        108.4          60.6
Equity                                                    1,933.0    22.9    2,075.3    23.9          2,130.5    23.1    2,173.5    23.4    2,107.8        21.7           9.0          1.6         -1.1          -3.0
  Paid-up capital                                         1,480.6    17.5    1,594.7    18.3          1,653.4    17.9    1,692.9    18.2    1,639.3        16.9          10.7          2.8         -0.9          -3.2
  Share premium                                              10.6     0.1       10.7     0.1             10.7     0.1       10.8     0.1       10.8         0.1           1.4          0.9          0.6           0.2
  Reserve capital                                           446.0     5.3      447.1     5.1            448.5     4.9      458.0     4.9      495.5         5.1          11.1         10.8         10.5           8.2
  Retained profit/loss of previous years                    -24.1    -0.3      -26.5    -0.3            -26.5    -0.3      -33.3    -0.4      -77.2        -0.8        -220.7            -            -             -
  Retained profit/loss of the reporting year                 22.7     0.3       49.3     0.6             44.3     0.5      45.2      0.5       39.4         0.4          73.6            -            -             -
Total liabilities                                         8,452.9   100.0    8,695.1   100.0          9,213.2   100.0    9,288.4   100.0    9,697.0       100.0          14.7         11.5          5.3           4.4




 31
 Analysis of Asset and Liabilities of Credit Unions

                                                                                                2008                                                          2009                       In comparison to previous period
                           Position                     31.03.08.               30.06.08.                  30.09.08.                31.12.08.               31.03.09.           31.03.2008. 30.06.2008.
                                                  amount            %       amount          %          amount        %          amount          %       amount          %                               %
                                                                                             Quality of the Loan Portfolio
 Standart loans                                       5,456.5        74.8     5,874.8         75.8       6,170.4        72.9      5,749.9        69.1     5,696.6        69.0           4.4         -3.0
 Close-watch loans                                    1,701.9        23.3     1,734.1         22.4       2,118.3        25.0      2,359.3        28.3     2,349.2        28.5          38.0         35.5
  Substandart                                            35.3         0.5        40.9          0.5          63.4          0.7        83.1         1.0        75.3         0.9         113.2         84.3
  Doubtful                                               46.5         0.6        35.6          0.5          38.9          0.5        61.8         0.7        56.8         0.7          22.2         59.6
  Lost                                                   54.0         0.7        64.5          0.8          69.5          0.8        70.8         0.9        78.0         0.9          44.5         21.0
 Total                                                7,294.2       100.0     7,749.9        100.0       8,460.5       100.0      8,324.9       100.0     8,256.0       100.0          13.2          6.5
 Specific provisions for claims on non-banks            263.3         3.6       273.6          3.5         323.2          3.8       362.7         4.4       367.8         4.5          39.7         34.5
 Loans (net)                                          7,030.9           -     7,476.3            -       8,137.2            -     7,962.2           -     7,888.1           -          12.2          5.5
                                                                                                   Loans structure
 Consumer credit                                      4,454.4        61.1     4,884.5         63.0       5,654.1        66.8      5,524.2        66.4     5,364.9        65.0          20.4          9.8
 Mortgage loans                                       2,408.1        33.0     2,429.4         31.3       2,512.0        29.7      2,479.7        29.8     2,590.1        31.4           7.6          6.6
 Other                                                  431.7         5.9       435.9          5.6         294.4          3.5       320.9         3.9       301.0         3.6         -30.3        -31.0
 Total                                                7,294.2       100.0     7,749.9        100.0       8,460.5       100.0      8,324.9       100.0     8,256.0       100.0          13.2          6.5
                                                                                              Loans Maturity Structure
 Loans                                                7,294.2       100.0     7,749.9        100.0       8,460.5       100.0      8,324.9       100.0     8,256.0       100.0          13.2          6.5
  On demand                                              15.2         0.2        13.1          0.2          16.9          0.2        19.2         0.2        48.3         0.6         218.6        268.2
  Short-term (up to 1 year)                           1,646.4        22.6     1,651.8         21.3       1,916.5        22.7      1,819.7        21.9     1,716.1        20.8           4.2          3.9
  Medium-term (1 to 5 years)                          3,467.6        47.5     3,818.6         49.3       4,099.4        48.5      4,048.2        48.6     4,000.7        48.5          15.4          4.8
  Long-term (over 5 years)                            2,165.0        29.7     2,266.3         29.2       2,427.7        28.7      2,437.8        29.3     2,490.9        30.2          15.1          9.9
                                                                                            Deposits Maturity Structure
 Deposits                                             5,514.5       100.0     5,504.0        100.0       5,845.1       100.0      5,890.7       100.0     6,326.4       100.0          14.7         14.9
  On demand                                           1,303.9        23.6     1,418.5         25.8       1,479.2        25.3      1,384.4        23.5     1,377.6        21.8           5.6         -2.9
  Short-term (up to 1 year)                           3,105.0        56.3     2,912.6         52.9       3,196.0        54.7      3,296.9        56.0     3,521.9        55.7          13.4         20.9
  Medium-term (1 to 5 years)                            801.0        14.5       881.8         16.0         840.1        14.4        832.0        14.1       851.6        13.5           6.3         -3.4
  Long-term (over 5 years)                              304.6         5.5       291.0          5.3         329.8         5.6        377.4         6.4       575.4         9.1          88.9         97.7




32
                                                             Annex Nr. 2


                                                           (in thousand lats)
                                 In comparison to previous period
                                                  30.09.2008. 31.12.2008.
                                                %
 Quality of the Loan Portfolio
                                                          -7.7          -0.9
                                                          10.9          -0.4
                                                          18.8          -9.4
                                                          46.1          -8.1
                                                          12.3          10.1
                                                          -2.4          -0.8
                                                          13.8           1.4
                                                          -3.1          -0.9
       Loans structure
                                                           -5.1          -2.9
                                                            3.1           4.5
                                                            2.2          -6.2
                                                           -2.4          -0.8
  Loans Maturity Structure
                                                          -2.4          -0.8
                                                         185.4         151.4
                                                         -10.5          -5.7
                                                          -2.4          -1.2
                                                           2.6           2.2
Deposits Maturity Structure
                                                           8.2           7.4
                                                          -6.9          -0.5
                                                          10.2           6.8
                                                           1.4           2.4
                                                          74.5          52.5




              32
Profit/Loss Account and Performance Indicators of Credit Unions
                                                                                                    2008                             2009
                               Profit and Loss account                         31.03.08.    30.06.08.   30.09.08.     31.12.08.    31.03.09.
                                                                                                     thousand of lats
Interest income                                                                    241.0        502.1        781.0       1,076.4       284.9
  Interest income from claims on MFIs                                                3.4         10.2         14.2          17.7         4.0
  Interest income from loans                                                       237.5        491.8        766.6       1,058.5       280.8
  Other                                                                              0.1          0.1          0.3           0.3         0.1
Interest expense                                                                    87.8        180.9        284.0         387.4       111.3
  Interest expense on liabilities to MFIs                                            8.3         18.9         32.7          46.7        14.2
  Interest expense on deposits                                                      79.6        162.0        251.3         340.7        97.1
  Other                                                                              0.0          0.0          0.0           0.0         0.0
Net interest income                                                                153.2        321.2        497.1         689.0       173.5
Fee and commission and other similar income                                         19.6         46.1         74.0          96.9        21.5
Fee and commission and other similar expense                                         4.0          8.7         14.8          20.7         4.2
Profit/loss from purchasing/sale of foreign currencies                               0.8          3.5          6.5          10.8         4.7
Profit/loss from revaluation of foreign currencies                                  -2.0         -3.1         -0.6          -2.0         2.6
Other ordinary income                                                                0.9          2.4          3.8          10.5         2.2
Other ordinary expense                                                               6.3         14.0         22.6          29.4         8.8
Gains/losses from financial activities                                             162.2        347.3        543.3         755.1       191.7
Administrative expenses                                                            130.4        264.5        398.9         547.6       136.9
  Remuneration of the Board and the Executive Board                                 19.2         36.2         56.0          71.0        17.8
  Remuneration of the staff                                                         60.2        123.0        193.0         260.9        64.0
  Other                                                                             51.0        105.4        150.0         215.7        55.2
Amortisation of intangible assets, depreciation and disposal of fixed assets         6.7         13.4         20.4          29.1         5.4
Bad and doubtful debts expense (net)                                                -1.7         14.2         72.1         123.6         8.0
Profit/loss before tax                                                              26.8         55.2         51.9          54.8        41.5
Tax                                                                                  2.8          5.8          7.6           9.6         2.1
Retained profit of the reporting year                                               24.0         49.3         44.3          45.3        39.4


                                                                                                    2008                             2009
                               Performance indicators                          31.03.08.    30.06.08.   30.09.08.    31.12.08.     31.03.09.
                                                                                                           %
Return on Equity (ROE)1                                                               4.8          5.1         3.0          2.2           7.3
                         2
Return on assets (ROA)                                                                1.1          1.2         0.7          0.5           1.7
Financial efficiency ratio3                                                          80.2         79.4        84.7         86.7          74.5
Capital adequacy4                                                                    22.8         23.7        23.1         23.4          21.7
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


31.03.2009 in
comparison to
 31.03.2008
     %
          18.2
          18.8
          18.2
         -13.5
          26.8
          71.9
          22.1
             -
          13.3
           9.7
           3.7
         526.4
             -
         143.4
          40.1
          18.2
           5.0
          -7.3
           6.3
           8.2
         -20.0
         575.2
          54.9
         -23.4
          63.8




                 33
                                                                                                                                                                                             Annex Nr. 4
     Income and Expenses of Credit Unions
                                                                                                                                                                                        (in thousand lats)
                                                                                        31.03.08.               30.06.08.               30.09.08.               31.12.08.               31.03.09.
                                 Income and Expenses                                amount          %       amount          %       amount          %       amount          %       amount
     Income
     Interest income                                                                   241.0         76.3      502.1         73.8      781.0         76.7    1,076.4         78.3      284.9
       Interest income from claims on MFIs                                               3.4          1.1       10.2          1.5       14.2          1.4       17.7          1.3        4.0
       Interest income from loans                                                      237.5         75.2      491.8         72.3      766.6         75.3    1,058.5         77.0      280.8
       Other interest income                                                             0.1          0.0        0.1          0.0        0.3          0.0        0.3          0.0        0.1
     Fee and commission and other similar income                                        19.6          6.2       46.1          6.8       74.0          7.3       96.9          7.1       21.5
     Profit from purchasing/sale of foreign currencies                                   0.8          0.2        3.5          0.3        6.5          0.6       10.8          0.8        4.7
     Profit from revaluation of foreign currencies                                       0.0          0.0        0.0          0.0        0.0          0.0        0.0          0.0        2.6
     Other ordinary income                                                               0.9          0.3        2.4          0.4        3.8          0.4       10.5          0.8        2.2
     Income from a decrease in provisions                                               53.5         16.9      126.2         18.5      153.1         15.0      179.4         13.1       48.9
     Total                                                                             315.8        100.0      680.3        100.0    1,018.4        100.0    1,374.0        100.0      364.9
     Expenses
     Interest expenses                                                                  87.8         30.1      180.9         28.7      284.0         29.2      387.4         29.2      111.3
       Interest expenses on liabilities to MFIs                                          8.3          2.8       18.9          3.0       32.7          3.4       46.7          3.5       14.2
       Interest expenses on deposits                                                    79.6         27.3      162.0         25.7      251.3         25.8      340.7         25.6       97.1
       Other interest expenses                                                           0.0          0.0        0.0          0.0        0.0          0.0        0.0          0.0        0.0
     Fee and commission and other similar expenses                                       4.0          1.4        8.7          1.4       14.8          1.5       20.7          1.6        4.2
     Loss from purchasing/sale of foreign currencies                                     0.0          0.0        0.0          0.0        0.0          0.0        0.0          0.0        0.0
     Deficit arising from revaluation of foreign currencies                              2.0          0.7        3.1          0.5        0.6          0.1        2.0          0.2        0.0
     Other ordinary expenses                                                             6.3          2.1       14.0          2.2       22.6          2.3       29.4          2.2        8.8
     Bad and doubtful debts expense                                                     51.8         17.7      140.3         22.2      225.2         23.1      303.0         22.8       56.9
     Administrative expenses                                                           130.4         44.7      264.5         41.9      398.9         41.0      547.6         41.2      136.9
       Remuneration of the Board and the Executive Board                                19.2          6.6       36.2          5.7       56.0          5.7       71.0          5.3       17.8
       Remuneration of the staff                                                        60.2         20.6      123.0         19.5      193.0         19.8      260.9         19.6       64.0
       Other                                                                            51.0         17.5      105.4         16.7      150.0         15.4      215.7         16.2       55.2
     Amortisation of intangible assets, depreciation and disposal of fixed assets        6.7          2.3       13.4          2.1       20.4          2.1       29.1          2.2        5.4
     Taxes                                                                               2.8          0.9        5.8          0.9        7.6          0.8        9.6          0.7        2.1
     Total                                                                             291.7        100.0      630.9        100.0      974.1        100.0    1,328.8        100.0      325.5




34
       Annex Nr. 4

     (in thousand lats)
     31.03.09.
               %

                  78.1
                   1.1
                  76.9
                   0.0
                   5.9
                   1.3
                   0.7
                   0.6
                  13.4
                 100.0

                  34.2
                   4.4
                  29.8
                   0.0
                   1.3
                   0.0
                   0.0
                   2.7
                  17.5
                  42.1
                   5.5
                  19.7
                  16.9
                   1.6
                   0.6
                 100.0




34
                                                                                   Annex 5
  List of Cooperative Savings and Loan Associations Operating on 31 March 2009

 1.   "Allažu saime"
 2.   "Avots 37"
 3.   Cēsu KKS
 4.   "Dzelzceļnieks KS"
 5.   "Dzēse Pluss"
 6.   Hanzas KKS
 7.   Kandavas novada KKS
 8.   Kauguru KKS
 9.   "LAKRS KS"
10.   Latvijas autopārvadājumu nozares arodbiedrības KKS
11.   Latvijas Industriālo nozaru arodbiedrības biedru KKS
12.   Latvijas tirdzniecības flotes jūrnieku arodbiedrības KKS "Jūrnieku forums"
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 KKS
31.   Vecpiebalgas KKS
32.   Vecumnieku KKS
33.   Veselavas KKS
34.   "Vidzemes dukāts"
35.   Zosēnu KKS

								
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