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Banco Cofiec S.A.
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Banco Cofiec S.A. Headquarters Av. Patria E4-69 y Amazonas, Edf. Cofiec Piso: 15; Quito; Pichincha |
Status: Listed Legal Form: Public Limited Company Operational Status: Operational Fiscal ID (RUC): 1790021831001 Fiscal ID (ISIN CODE ): ECP0880T1043 Incorporation Date: November 30, 1965 Tel: +593-2-2560939 / 2521636 |
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Company Description |
| Banco Cofiec S.A. was founded on November 30, 1965. It is the head of the Grupo Financiero, integrated by the bank and Casa de Valores S.A. COFIVALORES. It is dedicated to resources acquisition and redirect them to the economic sectors to help the country's development. |
Company Analysis |
| According to the Consolidated - Audited financial statement for the first eight cumulated months of 2012, total net operating revenues increased with 19.89%, from USD 2,143.91 thousands to USD 2,570.35 thousands. Operating result increased from USD 718.46 thousands to USD 1,137.33 thousands which means 58.30% change. The results of the period reached USD -1,989.65 thousands at the end of the period against USD 411.53 thousands last year. Return on equity (Net income/Total equity) went from 4.60% to -21.45%, the Return On Asset (Net income / Total Asset) went from 1.04% to -5.71% and the Net Profit Margin (Net Income/Net Sales) went from 19.20% to -77.41% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 296.89% compared to 336.64% of last year. |
Key Executives |
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FULL COMPANY PROFILE
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| Figures in: USD | EUR |
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2013 M02C (non-cons) |
2013 M01 (non-cons) |
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| Audited | Audited | |
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| Superintendencia de Bancos y Seguros - bancos | Superintendencia de Bancos y Seguros - bancos | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
26,532 |
27,622 |
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Total Liabilities |
20,078 |
20,892 |
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Shareholders Equity |
6,693 |
6,693 |
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| * All the accounts are in USD. | ||
Income Statement
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Total Operating Revenue |
510 |
372 |
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Operational Profit (Loss) |
207 |
123 |
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Net Profit (Loss) |
-239 |
37 |
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| * All the accounts are in USD. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
-0.9% |
0.14% |
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Annualised Return on Assets (ROA) |
-5.4% |
1.68% |
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Return on Equity (ROE) |
-3.58% |
0.56% |
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Annualised Return on Equity (ROE) |
-21.48% |
6.72% |
| Valuation figures and ratios | ||
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Enterprise Value / EBITDA |
22,636.03 |
22,694.85 |
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Bookvalue (BV) |
6,453 |
6,730 |
| Leverage Ratios | ||
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Leverage ratio |
396.42% |
412.71% |
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Debt to equity |
300% |
312.15% |
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Debt to total assets |
75.49% |
75.46% |
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Debt / Enterprise Value |
88.7% |
92.06% |
| Market ratios | ||
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Market Capitalization/EBITDA |
19.09 |
22.39 |
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