EX-7.1 2 v461406_ex7-1.htm EXHIBIT 7.1

 

Exhibit 7.1

 

EXHIBIT 7.1 SELECTED RATIOS’ CALCULATION  INDEX  2016   2015   2014 
Net interest and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments  (1)   9,695,705    7,231,703    6,007,552 
Total Interest Earning Assets  (2)   162,766,364    137,851,669    113,451,812 
Total Average Assets  (3)   191,803,284    163,140,151    134,779,566 
Total Average Stockholders’ Equity  (4)   19,729,828    18,332,795    15,694,090 
Total Operating Expenses  (5)   6,979,050    5,898,287    5,118,695 
Net Income  (6)   2,865,328    2,496,377    2,324,219 
Total Assets  (7)   196,261,049    192,972,867    149,629,881 
Net Operating Income  (8)   13,678,484    10,809,023    9,092,494 
Total Stockholders' Equity  (9)   21,267,583    19,279,449    16,871,907 
Loans (principal)  (10)   146,148,339    140,499,927    113,039,251 
Total past due loans (principal)  (12)   4,835,329    4,188,287    2,958,204 
Allowance for loan losses (principal)  (13)   6,087,510    4,823,393    4,305,599 
Loans Classified as “C”, “D” y “E” (principal)  (14)   7,416,286    5,543,824    4,301,768 
Technical Capital (1)  (15)   22,111,844    20,821,509    N/A(3) 
Risk Weighted Assets included Market Risk (1)  (16)   166,781,426    167,168,400    N/A(3)
SELECTED RATIOS:                  
Colombian GAAP:                  
Profitability Ratios:                  
Net interest and valuation income on financial instruments before impairment on loans and financial leases and off balance sheet credit instruments margin  (1)/(2)   5.96%   5.25%   5.30%
Return on Average Total Assets  (6)/(3)   1.49%   1.53%   1.72%
Return on Average Stockholders’ Equity  (6)/(4)   14.52%   13.62%   14.81%
Efficiency Ratio:                  
Operating expenses to net operating income  (5)/(8)   51.02%   54.57%   56.30%
Capital Ratios:                  
Shareholders' equity to total assets  (9)/(7)   10.84%   9.99%   11.28%
Technical capital to risk weighted assets (2)  (15)/(16)   13.26%   12.46 %   N/A(3)
Credit Quality Data:                  
Past due loans to loans principal  (12)/(10)   3.31%   2.98%   2.62%
“C”, “D” and “E” loans as a percentage of loans principal  (14)/(10)   5.07%   3.95%   3.81%
Allowances to past due loans (3)  (13)/(12)   125.90%   115.16%   145.55%
Allowance for loan  losses as a percentage of “C”, “D” and “E” loans (3)  (13)/(14)   82.08%   87.00%   100.09%
Allowance for loan losses as a percentage of total loans  (13)/(10)   4.17%   3.43%   3.81%

 

 

 (1) N/A: not apply, in year 2014 the balance accounts were under Colombian Banking GAAP. The Bank’s consolidated capital adequacy was computed considering balance accounts under IFRS as of December 31, 2016 and 2015.

(2) For an explanation of risk-weighted assets and Technical Capital, see Item 4. “Information on the Company – B. Business Overview – B.7 –Supervision and Regulation” and Item "5 B.1. Liquidity and Funding - "Capital Adequacy".

(3) The variation between 2015 and 2014 is mainly generated by the inclusion of Grupo Agromercantil Holding loan portfolio at fair value, company acquired as of December, 2015.