Bank of Baroda (Uganda) Limited announced audited consolidated and parent earnings results for the year ended December 31, 2014. For the year, on the consolidated basis, net interest income was UGX 57,960,866,000 against UGX 47,759,778,000 a year ago. Profit before tax was UGX 46,297,768,000 against UGX 40,948,310,000 a year ago. Profit for the year was UGX 36,889,762,000 against UGX 30,883,725,000 a year ago. Basic and diluted earnings per share for profit attributable to the equity holders of the bank during the year were UGX 14.76 against UGX 12.35 a year ago. Net cash from operating activities was UGX 40,301,902,000 against cash used in operating activities of UGX 1,846,090,000 a year ago. Cash paid for purchase of property and equipment was UGX 406,577,000 against UGX 538,539,000 a year ago. Cash paid for purchase of intangible assets was UGX 31,188,000. Adjusted earnings per share were UGX 15 against UGX 12 a year ago. Return on assets was 3.24% as at 31 December 2014. Return on shareholders' worth was 19.00% as at 31 December 2014.

For the year, on the parent basis, net interest income was UGX 57,960,866,000 against UGX 47,759,778,000 a year ago. Profit before tax was UGX 46,181,690,000 against UGX 40,863,404,000 a year ago. Profit for the year was UGX 36,808,367,000 against UGX 30,824,567,000 a year ago. Basic and diluted earnings per share for profit attributable to the equity holders of the bank during the year were UGX 14.76 against UGX 12.35 a year ago. Net cash from operating activities was UGX 40,323,527,000 against cash used in operating activities of UGX 1,776,177,000 a year ago. Cash paid for purchase of property and equipment was UGX 406,577,000 against UGX 538,539,000 a year ago. Cash paid for purchase of intangible assets was UGX 31,188,000.