Financial Performance of Andhra Bank in 2006-07

Highlights of Andhra Bank's performance in the financial year 2006-07 are

• Operating profit up by 32.43%
• Net profit of Rs. 537.90 Crores, a YoY growth rate of 11%
• The bank's total revenues have grown to Rs. 3,762 crores
• Interest income has increased by 23.97% to Rs. 3,315.32 crores
• Interest income on advances rose to Rs. 2,304 crores
• Net interest income has increased to Rs. 1,417.54 crores
• Total deposits of the bank have shown a growth of 22.20%
• Low cost deposits grew to Rs. 14,314 crores
• Gross bank credit has gone up to Rs. 28,233 crores
• Credit deposit ratio stands at 68.28%

The bank is targeting a growth of 25% in advances and 20% rise in deposits. A comaparative summary of financials of the bank for the last three financial years is tabulated as under

Last traded price of Andhra Bank on BSE on 18-05-2007 ------> Rs.88.10