7
BARBADOS PUBLIC WORKERS’ CO-OPERATIVE CREDIT UNION LIMITED
ANNUAL REPORT 2013
2013
2012
2011
2010
2009
Restated
Financial statistics in percent:
Asset Growth
5.00
7.58
25.39
12.08
27.31
Loan Growth
3.32
5.21
30.64
12.08
28.04
Deposit Growth
4.95
9.22
21.16
10.85
29.08
Net Surplus Growth
40.22
55.72
-33.08
21.97
68.41
Return on Assets
1.42
1.08
0.80
1.42
1.39
Return on Equity
16.20
13.14
9.28
15.48
16.09
Operating Efficiency
70.41
77.87
83.00
71.54
71.76
Net Interest Margin
4.90
4.91
5.01
5.11
5.09
2013
2012
2011
2010
2009
Other statistics
Delinquency ratio (%)
7.5
7.2
3.9
3.3
2.7
# of members (000’S)
64.7
61.6
58.6
55.3
50.8
# of branches
4
3
3
3
3
Income before tax per member
$ 204.23
$ 152.99
$ 103.28
$ 163.54
$ 145.96
CONSOLIDATED FINANCIAL HIGHLIGHTS
FOR THE YEARS ENDED MARCH 31, 2009 TO MARCH 31, 2013
In Bds $’000
Principal Bankers
Barbados Public Workers’ Co-operative Credit Union Limited -
Republic Bank (Barbados) Ltd.
BPW Financial Holdings Inc. -
CIBC First Caribbean International Bank
Capita Financial Services Inc. -
CIBC First Caribbean International Bank
Auditors
KPMG –
Chartered Accountants
