*ING Vysya Bank* disclosed a good increase in standalone net profit for the quarter ended December 2008. During the quarter, the profit of the bank rose 21.75% to Rs 520.50 million from Rs 427.50 million in the same quarter previous year.
Interest earned for the quarter jumped 41.70% to Rs 6,202.10 million, while total income for the quarter jumped 45.69% to Rs 7,693.20 million, when compared with the prior year period. The bank posted earnings of Rs 5.07 a share during the quarter, registering 14.71% growth over previous year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Interest Income* 6,202.10 4,376.90 41.70 *Net Profit* 520.50 427.50 21.75 *Basic EPS* 5.07 4.42 14.71 *Investments* ING Bank NV is investing in the upper tier II issue of the ING Vysya Bank, in foreign currency for an amount equivalent to Rs 2 billion (approx). The draw down will happen on Jan. 23, 2009. The aforementioned issue was in accordance with the approval accorded earlier by the board at its meeting held on Jun. 30, 2008 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
