UCO Bank (UCOBANK) Investor presentation summary

Franchise and funding

• Founded in 1943; nationwide network of 3,439 domestic branches, 2,686 ATMs and 11,156 BCs, with overseas branches in Hong Kong and Singapore and an IBU at GIFT City.

• Total business reached ₹6,372.80bn in Sep-26, up 18.81% YoY; global deposits were ₹3,495.90bn, up 14.36%, and advances ₹2,876.90bn, up 24.70%.

• Domestic CASA rose 10.59% YoY to ₹1,222.59bn; global deposits grew 14.4%, while domestic deposits increased 14.6%.

• FY23-26 CAGR: global business 12.8%, deposits 9.5% and advances 17.6%; domestic RAM advances grew at 21.2%.

Lending and portfolio mix

• Domestic advances rose 26.0% YoY to ₹2,566.98bn; RAM lending grew 26.9% and represented 65.7% of domestic advances in Sep-26.

• Retail advances increased 30.2% YoY to ₹768.17bn; home loans were ₹363.69bn, 47.3% of retail, and vehicle loans grew 61.9% to ₹97.37bn.

• Agriculture advances grew 29.6% YoY to ₹410.14bn, led by 32.5% growth in farm credit; MSME advances rose 20.3% to ₹509.05bn, with micro enterprises at 64.3% of the portfolio.

• Around 80% of loans are secured; credit growth in retail, agriculture and MSME is a focus, while above-average loan growth is identified as a standalone credit risk.

Earnings and returns

• Q2 FY27 net profit rose 26.77% YoY to ₹7.86bn; net interest income increased 13.96% to ₹28.86bn and operating profit grew 16.04% to ₹18.72bn.

• Global NIM was 3.00%, up 10 bps YoY; domestic NIM was 3.19%.

• Quarterly annualised RoA improved to 0.80% and RoE to 11.42%; Sep-26 EPS was ₹0.63 and book value per share ₹23.25.

• Core profitability is expected to remain resilient, with frontloaded expected-credit-loss provisions potentially weighing on FY27 profitability.