It is a broadly described annual report of UCO Bank in the year of 2012-2013. During the financial year, The Bank’s business increased from Rs. 2,71,507 Crore as of 31st March 2012 to Rs. 3,05,000 Crore as of 31st March 2013, with a growth of 12.34%. In deposits, the growth was 12.62%, increasing from Rs. 1,54,003 Crore as of 31st March 2012 to Rs. 1,73,431 Crore as of 31st March 2013. The operating profit of the Bank, during the year 2012-13, increased by 19.41% from Rs. 2811.42 Crore during 2011-12 to Rs. 3357.09 Crore in 2012-13. The net profit of the Bank showed a decline by 44.24% from Rs. 1108.67 Crore during 2011-12 to Rs. 618.20 Crore in 2012-13. Total Income for the full year FY 2013 was Rs. 17704 Crore compared to Rs. 15598 Crore for FY 2012.
The Board of Directors of the Bank has recommended (i) Equity Dividend of Rs.1.60/- for the year 2012-13 for each share for a nominal value of Rs.10/- (ii) Preference Dividend on PNCPS as per terms of issue.
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