EX-7.1 3 v436669_ex7-1.htm EXHIBIT 7.1

 

EXHIBIT 7.1 SELECTED RATIOS’ CALCULATION

 

       As of December 31, 
EXHIBIT 7.1 SELECTED RATIOS’ CALCULATION  INDEX   2015   2014 
       (in millions of COP) 
Net interest income   (1)   7,231,703    6,007,552 
Total Interest Earning Assets   (2)   137,851,669    113,451,812 
Total Average Assets   (3)   163,140,151    134,779,566 
Total Average Stockholders’ Equity   (4)   18,332,795    15,694,090 
Operating Expenses   (5)   5,898,287    5,118,695 
Net Income   (6)   2,496,377    2,324,219 
Total Assets   (7)   192,972,867    149,629,881 
Net Operating, Income   (8)   10,809,023    9,092,494 
Total Stockholders' Equity   (9)   19,279,449    16,871,907 
Loans (principal)   (10)   140,499,927    113,039,251 
Total past due loans (principal)   (11)   4,188,287    2,958,204 
Allowance for loan losses (principal)   (12)   4,823,393    4,305,599 
Loans Classified as “C”, “D” y “E” (principal)   (13)   5,543,824    4,301,768 
Technical Capital   (14)   20,821,509    N/A(3)
Risk Weighted Assets included Market Risk   (15)   167,168,400    N/A(3)
                
SELECTED RATIOS:               
Profitability Ratios:               
Net Interest Margin   (1) / (2)    5.25%   5.30%
Return on Average Total Assets   (6) / (3)    1.53%   1.72%
Return on Average Stockholders’ Equity   (6) / (4)    13.62%   14.81%
                
Efficiency Ratio:               
Operating expenses to net operating income   (5) / (8)    54.57%   56.30%
                
Capital Ratios:               
Shareholders' equity to total assets   (9) / (7)    9.99%   11.28%
Technical capital to risk weighted assets (1)   (14) / (15)    12.46%   N/A(3)
                
Credit Quality Data:               
Past due loans to total loans   (11) / (10)    2.98%   2.62%
“C”, “D” and “E” loans as a percentage of total loans   (13) / (10)    3.95%   3.81%
Allowances to past due loans (2)   (12) / (11)    115.16%   145.55%
Allowance for loan  losses as a percentage of “C”, “D” and “E” loans   (12) / (13)    87.00%   100.09%
Allowance for loan losses as a percentage of total loans   (12) / (10)    3.43%   3.81%

 

 

(1)For an explanation of risk-weighted assets and technical capital, see Item 4. “Information on the Company – B. Business Overview – B.8 –Supervision and Regulation” and Item "5 B.1. Liquidity and Funding - Capital Adequacy".
(2)The variation is mainly generated by the inclusion of Grupo Agromercantil Holding loan portfolio at fair value, company acquired as of December, 2015.
(3)N/A: not applicable