FINANCIAL RESULTS:

Guardian Bank has ended the financial year with a profit of Rs. 90.82 lakhs. The profitability was achieved because of the clear guidance of the Board of Directors and the hard work of the staff. Our Share Capital stands at Rs.153 lakhs, our Reserves at Rs. 282 lakhs and our total capital funds as of 31st March 2006 stands at Rs. 435 lakhs. The Capital to Risk Assets Ratio of the Bank is 28% as against a minimum of 8% that we have to maintain statutorily. There was an increase in the deposits during the year and we ended the year with Rs. 1587.5 lakhs. The total amount of advances was Rs. 937.3 lakhs.

FINANCIAL ANALYSIS:

The financial analysis that is done at the end of each financial year showed that our gross NPA had reduced compared to the previous year. This was due to the hard work and diligence of the Manager and the recovery department who have worked tirelessly to ensure that the borrowers repaid their loans on time. The profit for the year 2005-06 showed an increase of 13.5% on the budgeted profit. As compared to the previous financial year the average earning assets increased by 11.8%. The Employee productivity was Rs. 172.81 lakh per employee.
     
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