TOTAL advances of ICICI Bank during the third quarter ended December 31, 2004, grew by 32 per cent to Rs 76,092 crore from Rs 57,812 crore in the year ago period.
Retail assets constituted 61 per cent of advances and 54 per cent of customer assets at December 31, 2004.
While retail loans have been a major driver of banking sector credit growth, there are indications of a pick-up in industrial credit as well.
The bank is focusing on credit origination in both the corporate and retail segments and on growth in non-fund based products.
Total deposits of the bank increased to Rs 81,928 crore (Rs. 60,872 crore).
Towards its plans for international expansion, the bank has received regulatory approval for establishing a representative office in South Africa.
The board of directors has also approved the establishment of representative offices in Indonesia, Malaysia, Thailand and Kenya, subject to approval from Reserve Bank of India and regulators in the respective countries.
ICICI Bank's credit card base was in excess of over 3 million cards as on December 31, 2004.
The bank had 505 branches and extension counters at December 31, 2004 as compared to 470 branches and extension counters at September 30, 2004.
The bank's net restructured assets at December 31, 2004 were Rs 6,792 crore, down from Rs 7,410 crore at December 31, 2003. At December 31, 2004, the bank's net non-performing assets constituted 2.3 per cent of customer assets against 4.7 per cent at December 31, 2003.
Provisions and contingencies during the third quarter were lower at Rs 108.23 crore (Rs 165.22 crore).