EX-7 8 v186733_ex7.htm Unassociated Document
EXHIBIT 7
 
SELECTED RATIOS’ CALCULATION
 
EXHIBIT 7. SELECTED
RATIOS’ CALCULATION
  
INDEX
    
Dic-2005
    
Dic-2006
    
Dic-2007
    
Dic-2008
    
Dic-2009
  
         
(In COP million )
  
Net interest income
  
(1)
       2,049,810       1,767,503       2,808,318       3,560,402       3,802,282  
Total Interest Earning Assets
  
(2)
       25,244,735       28,532,355       36,994,871       46,222,460       52,686,295  
Total Average Assets
  
(3)
       28,711,558       32,437,287       43,194,923       55,121,514       62,629,596  
Total Average Stockholders’ Equity
  
(4)
       3,006,580       3,392,142       4,160,130       5,450,543       6,416,312  
Operating Expenses
  
(5)
       1,654,805       1,871,000       2,271,418       2,639,997       2,895,145  
Net Income
  
(6)
 
     946,881       749,529       1,086,923       1,290,643       1,256,850  
Total Assets
  
(7)
       30,803,517       34,488,696       52,151,649       61,783,079       61,864,365  
Net Operating, Income
  
(8)
       3,012,087       2,906,597       4,318,447       5,524,486       5,689,231  
Total Stockholders' Equity
  
(9)
       3,377,290       3,646,612       5,199,270       6,116,845       7,032,829  
Loans
  
(10)
       18,626,252       24,645,574       37,702,624       40,373,850       42,041,974  
Non-Performing Loans
  
(11)
       275,864       334,488       666,368       950,629       1,027,712  
Allowance for Loans and Accrued Interest Losses
  
(12)
       714,537       845,827       1,490,454       2,134,360       2,477,604  
Loans Classified as “C”, “D” y “E”
  
(13)
       629,040       626,255       1,170,099       1,775,642       2,149,685  
Technical Capital
  
(14)
       2,563,303       3,414,312       5,908,317       6,245,624       7,286,296  
Risk Weighted Assets included Market Risk
  
(15)
       23,457,768       30,885,195       46,628,036       55,542,485       55,084,655  
                                               
SELECTED RATIOS:
                                              
Colombian GAAP:
                                              
Profitability Ratios:
                                              
Net Interest Margin
  
(1) / (2)
       8.12 %     6.19 %     7.60 %     7.70 %     7.22 %
Return on Average Total Assets
  
(6) / (3)
       3.30 %     2.31 %     2.52 %     2.34 %     2.01 %
Return on Average Stockholders’ Equity
  
(6) / (4)
       31.49 %     22.10 %     26.13 %     23.68 %     19.59 %
                                               
Efficiency Ratio:
                                              
Operating Expenses as a Percentage of Interest, Fees
Services and Other Operating Income
  
(5) / (8)
       54.94 %     64.37 %     52.60 %     47.79 %     50.89 %
                                               
Capital Ratios:
                                              
Period-end Stockholders’ Equity as a Percentage of Period-end Total Assets
  
(9) / (7)
       10.96 %     10.57 %     9.97 %     9.90 %     11.37 %
Period-end Regulatory Capital as a Percentage of
Period-end Risk-Weighted Assets
  
(14) / (15)
       10.93 %     11.05 %     12.67 %     11.24 %     13.23 %
                                               
Credit Quality Data:
                                              
Non-Performing Loans as a Percentage of Total Loans
  
(11) / (10)
       1.48 %     1.36 %     1.77 %     2.35 %     2.44 %
"C", "D" and "E" Loans as a Percentage of Total Loans
  
(13) / (10)
       3.38 %     2.54 %     3.10 %     4.40 %     5.11 %
Allowance for Loan and Accrued Interest Losses as a
Percentage of Non-Performing Loans
  
(12) / (11)
       259.02 %     252.87 %     223.67 %     224.53 %     241.08 %
Allowance for Loan and Accrued Interest Losses as a
Percentage of "C", "D" and "E" Loans
  
(12) / (13)
       113.59 %     135.06 %     127.38 %     120.21 %     115.25 %
Allowance for Loan and Accrued Interest Losses as a
Percentage of Total Loans
  
(12) / (10)
       3.84 %     3.43 %     3.95 %     5.29 %     5.89 %