UCO Bank — Important, 19-02-2025: Updates

UCO Bank will participate in non-deal roadshows and meetings with institutional investors starting February 24, 2025. The bank assures that no unpublished price-sensitive information will be shared during these sessions. An investor presentation has been prepared and will be available on the bank's website.

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**Financial Highlights**

For the nine months of FY25, UCO Bank reported a strong performance with a global business of ₹4,889,104 million (up 12.28% YoY), advances of ₹2,086,548 million (16.44% YoY), and deposits of ₹2,802,556 million (9.36% YoY). Net Interest Income increased by 17.21% YoY to ₹69,316 million, while operating profit surged by 58.95% YoY to ₹43,385 million, and net profit reached ₹17,925 million.

**Strategic Initiatives and Growth Drivers**

The bank is enhancing its digital services and expanding its reach with over 16,397 touchpoints across India. Initiatives include improving the retail liability franchise and focusing on inclusion strategies.

**Business Developments**

UCO Bank maintains a strong market position, significantly benefiting from a government stake of over 95%. The management team, with over two decades of banking experience, drives operational efficiency and growth-focused strategies.

**Market Position and Competitive Advantage**

With robust financial metrics and an expanding digital infrastructure, UCO Bank enjoys a stable cost of deposits and a diversified loan portfolio that reduces concentration risk.

**Investor Implications**

For investors, UCO Bank presents a positive outlook given its financial performance, strategic expansion plans, and commitment to improving asset quality. Potential growth driven by digital banking initiatives could further enhance shareholder value.