Financial Highlights
GROUP | BANK | |||||
2013 | 2012 | Change | 2013 | 2012 | Change | |
Rs. Mn. | Rs. Mn. | % | Rs. Mn. | Rs. Mn. | % | |
Results for the year | ||||||
Income | 73,101.378 | 63,373.753 | 15.35 | 73,159.580 | 63,395.047 | 15.40 |
Profit before Financial VAT and Taxation | 16,654.587 | 16,287.867 | 2.25 | 16,479.473 | 16,282.646 | 1.21 |
Profit Before Taxation (PBT) | 14,692.751 | 14,312.914 | 2.65 | 14,510.519 | 14,295.333 | 1.51 |
Provision for Taxation | 4,119.294 | 4,231.747 | (2.66) | 4,065.008 | 4,197.004 | (3.15) |
Profit After Taxation (PAT) | 10,573.457 | 10,081.167 | 4.88 | 10,445.511 | 10,098.329 | 3.44 |
Revenue to the Governments | 5,959.636 | 6,078.192 | (1.95) | 5,905.636 | 6,043.192 | (2.82) |
Gross Dividends | 5,519.235 | 5,421.421 | 1.80 | 5,519.235 | 5,421.421 | 1.80 |
At the year end | ||||||
Shareholders’ Funds (Capital and Reserves) | 61,446.228 | 52,968.420 | 16.01 | 60,943.999 | 52,577.000 | 15.91 |
Deposits | 451,098.946 | 390,568.682 | 15.50 | 451,152.923 | 390,611.548 | 15.50 |
Gross Loans and Advances | 379,237.437 | 343,739.337 | 10.33 | 379,252.897 | 343,797.081 | 10.31 |
Total Assets | 607,192.266 | 512,220.640 | 18.54 | 606,607.105 | 511,742.708 | 18.54 |
Information per Ordinary Share (Rs.) | ||||||
Earnings (Basic) | 12.45 | 12.11 | 2.81 | 12.31 | 12.13 | 1.48 |
Earnings (Diluted) | 12.43 | 12.09 | 2.81 | 12.29 | 12.11 | 1.49 |
Dividends - Cash | – | – | – | 4.50 | 4.50 | – |
Dividends - Shares | – | – | – | 2.00 | 2.00 | – |
Net Assets Value | 72.37 | 63.55 | 13.88 | 71.78 | 63.08 | 13.79 |
Market value at the year end - Voting | N/A | N/A | – | 120.40 | 103.00 | 16.89 |
Market value at the year end - Non-voting | N/A | N/A | – | 93.00 | 91.10 | 2.09 |
Ratios | ||||||
Return on Average Shareholders’ Funds (%) | 18.48 | 20.76 | (2.28%pt) | 18.40 | 20.96 | (2.56%pt) |
Return on Average Assets (%) | 1.89 | 2.11 | (0.22%pt) | 1.87 | 2.12 | (0.25%pt) |
Price Earnings (times) - Ordinary Voting Shares | N/A | N/A | 9.79 | 8.50 | 15.18 | |
Price Earnings (times) - Ordinary Non-voting Shares | N/A | N/A | 7.56 | 7.52 | 0.53 | |
Year-on-year growth in Earnings (%) | 4.88 | 27.09 | (22.21%pt) | 3.44 | 28.10 | (24.66%pt) |
Dividend Yield (%) - Ordinary Voting Shares | N/A | N/A | 5.40 | 6.31 | (0.91%pt) | |
Dividend Yield (%) - Ordinary Non-voting Shares | N/A | N/A | 6.99 | 7.14 | (0.15%pt) | |
Dividend Cover on Ordinary Shares (times) | N/A | N/A | 1.89 | 1.86 | 1.61 | |
Statutory Ratios: | ||||||
Liquid Assets (%) | N/A | N/A | – | 34.05 | 25.79 | 8.26%pt |
Capital Adequacy Ratios: | ||||||
Tier I (%) - Minimum requirement 5% | 13.30 | 12.63 | 0.67%pt | 13.27 | 12.64 | 0.63%pt |
Tier I & II (%) - Minimum requirement 10% | 16.93 | 13.84 | 3.09%pt | 16.91 | 13.85 | 3.06%pt |
Financial Goals and Achievements
Goal | Achievement | |||||
Financial Indicator - Bank | 2013 | 2012 | 2011 | 2010 | 2009 | |
Return on Average Assets (ROA) (%) | Over 2% | 1.87 | 2.12 | 1.94 | 1.60 | 1.43 |
Return on Average Shareholders’ Funds (ROE) (%) | Over 20% | 18.40 | 20.96 | 20.28 | 17.87 | 15.83 |
Growth in Income (%) | Over 20% | 15.40 | 38.25 | 10.45 | (5.07) | (0.85) |
Growth in Profit After Taxation (%) | Over 15% | 3.44 | 28.10 | 42.72 | 28.30 | 0.86 |
Growth in Total Assets (%) | Over 15% | 18.54 | 15.95 | 18.95 | 14.81 | 14.82 |
Dividend per Share (DPS) (Rs.) | Over Rs. 5.00 | 6.50 | 6.50 | 6.00 | 7.00 | 7.00 |
Capital Adequacy Ratios - Group | ||||||
Tier I (%) - Minimum Requirement 5% | Over 8% | 13.30 | 12.63 | 12.11 | 10.86 | 11.92 |
Tier I & II (%) - Minimum Requirement 10% | Over 13% | 16.93 | 13.84 | 13.01 | 12.26 | 13.93 |
Non-Financial Indicators
2013 | 2012 | 2011 | 2010 | 2009 | ||
Customers | Growth in No. of Deposits & Advances Accounts (%) | 7.26 | 12.19 | 8.93 | 7.55 | 15.71 |
No. of Customer Touch Points | ||||||
Branches - In Sri Lanka | 235 | 227 | 213 | 187 | 172 | |
Branches - In Bangladesh | 18 | 17 | 17 | 17 | 15 | |
ATMs - In Sri Lanka | 585 | 555 | 497 | 401 | 355 | |
ATMs - In Bangladesh | 19 | 17 | 17 | 13 | 13 | |
Employees | Total No. of employees | 4,730 | 4,602 | 4,524 | 4,321 | 4,071 |
Average hours of training per employee per year | 32.54 | 22.59 | 25.48 | 22.22 | 20.45 | |
Employee attrition ratio (%) | 4.29 | 3.28 | 3.82 | 3.36 | 2.82 | |
Business Partners | Assets purchased (other than investments) (Rs. Mn.) | 969.00 | 996.74 | 1,149.50 | 830.84 | 665.45 |
No. of Correspondent Banks | 48 | 47 | 47 | 47 | 50 | |
Government Institutions | Taxes to Governments (Rs. Mn.) | 6,191.58 | 6,257.83 | 4,693.01 | 6,503.01 | 5,150.97 |
Taxes collected on behalf of Governments (Rs. Mn.) | 977.94 | 621.36 | 498.94 | 473.36 | 711.99 | |
Community | Donations (Rs. Mn.) | 51 | 51 | 110 | 57 | 22 |