The Export-Import Bank of India (Exim Bank) today posted 16% rise in net profit to Rs 675 crore in the last financial year, up from Rs 582 crore previous fiscal.
Total business crossed Rs 1 lakh crore during the reporting year.
"We have seen sound growth in our net profit and loan assets in the last financial year despite a difficult economic conditions," Chairman and Managing director TCA Ranganathan told reporters here.
The Exim Bank saw an 18% growth in its loan assets to Rs 54,530 crore in FY12. "We expect to continue this momentum in the current financial year as far as our loan growth is concerned," he said.
Net interest margin (NIM) improved to 2.17% in FY12 up from 2.07%.
Capital to risk asset ratio was at Rs 16.44% in FY12.
More From This Section
According to the bank, the bank has extended line of credit (LoC) aggregating $1,499 million (around Rs 7,500 crore) in FY12 and project export contracts of Rs 22,975 crore during this period.
The bank has also extended assistance of Rs 4,178 crore to 54 corporates as part of the overseas investment financing in 23 countries during the last fiscal.
Referring to borrowing programme in the current fiscal, Ranganathan said the bank will borrow around $3-4 billion in foreign currency and the similar amount in the domestic currency.
The bank raised borrowings of varying maturities aggregating Rs 27,630 crore in FY12, out of which foreign currency loans stood at Rs 13,333 crore.
"I don't think cost of borrowing is going to be higher after yesterday's S&P rating update. Also, it is too premature to gauge an impact due to such development at this point of time," he said.