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Banco Occidental de Descuento
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Banco Occidental de Descuento. Banco Universal Previous name(s) Norval Bank (2003) Headquarters Avenida 5 de Julio, Esquina Av. 17. Maracaibo. Estado Zulia; Maracaibo; Zulia |
Status: Listed Legal Form: Other non-liability limited Operational Status: Operational Fiscal ID (ISIN CODE ): VEV002241009 Fiscal ID (RIF): J-30061946-0 Incorporation Date: July 26, 1957 Tel: +58-261-7593011 |
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Company Description |
| Banco Occidental de Descuento Banco Universal, before Norval Bank is a commercial bank that aims to carry out financial intermediation and other financial transactions and services that are compatible with their nature, subject to the limitations contained in the General Law on Banks and Other Financial Institutions. |
Company Analysis |
| According to the Individual - Audited financial statement for the first ten cumulated months of 2012, total net operating revenues increased with 30.46%, from VEF 1,518,370 thousands to VEF 1,980,936 thousands. Operating result increased from VEF 185,564 thousands to VEF 536,340 thousands which means 189.03% change. The results of the period increased 256.91% reaching VEF 457,412 thousands at the end of the period against VEF 128,158 thousands last year. Return on equity (Net income/Total equity) went from 3.45% to 10.90%, the Return On Asset (Net income / Total Asset) went from 0.41% to 1.07% and the Net Profit Margin (Net Income/Net Sales) went from 8.44% to 23.09% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 910.87% compared to 738.11% of last year. |
Key Executives |
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Companies with Similar Main Activities |
FULL COMPANY PROFILE
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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 - EEFF | Superintendencia de Bancos - EEFF | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
50,698,611 |
49,625,117 |
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Total Liabilities |
45,011,913 |
44,729,813 |
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Shareholders Equity |
5,522,773 |
4,814,640 |
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| * All the accounts are in VEF. | ||
Income Statement
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Total Operating Revenue |
1,048,676 |
517,796 |
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Operational Profit (Loss) |
192,186 |
81,994 |
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Net Profit (Loss) |
163,925 |
80,664 |
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| * All the accounts are in VEF. | ||
Ratios
| Profitability Ratios | ||
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Return on Assets (ROA) |
0.32% |
0.16% |
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Annualised Return on Assets (ROA) |
1.92% |
1.92% |
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Return on Equity (ROE) |
2.97% |
1.68% |
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Annualised Return on Equity (ROE) |
17.82% |
20.16% |
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Return on Sales (ROS) |
97.7% |
99.03% |
| Valuation figures and ratios | ||
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EBITDA |
834,456 |
409,983 |
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Enterprise value |
40,671,221 |
38,104,995 |
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Enterprise Value / EBITDA |
48.74 |
92.94 |
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Bookvalue (BV) |
5,686,698 |
4,895,304 |
| Leverage Ratios | ||
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Leverage ratio |
917.99% |
1,030.71% |
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Debt to equity |
815.02% |
929.04% |
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Debt to total assets |
88.78% |
90.14% |
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Debt / Enterprise Value |
110.67% |
117.39% |
| Market ratios | ||
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Market Capitalization/EBITDA |
6.19 |
12.90 |
| Trend Ratios | ||
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Revenue Trend |
106.97% |
132.9% |
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Net Income Trend |
104.79% |
132.59% |
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