Decade at a Glance
Bank
Year ended December 31, Rs. Mn. |
2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
Operating Results | ||||||
Income | 16,100 | 24,470 | 35,223 | 44,115 | 43,741 | 41,522 |
Interest income | 13,034 | 19,532 | 30,503 | 37,188 | 35,925 | 34,740 |
Interest expenses | (7,226) | (11,955) | (18,951) | (24,336) | (23,515) | (18,328) |
Foreign exchange profit | 587 | 1,439 | 1,545 | 2,633 | 2,962 | 1,741 |
Commission and other income | 2,479 | 3,499 | 3,175 | 4,294 | 4,854 | 5,041 |
Operating expenses and provisions | (5,232) | (8,301) | (9,567) | (12,259) | (13,035) | (13,876) |
Profit before income tax | 3,642 | 4,214 | 6,705 | 7,520 | 7,191 | 9,318 |
Income tax on profit | (1,278) | (2,201) | (2,601) | (3,252) | (2,887) | (3,794) |
Net profit for the year | 2,364 | 2,013 | 4,104 | 4,268 | 4,304 | 5,524 |
As at December 31, | ||||||
Assets | ||||||
Cash and short-term funds | 18,663 | 13,739 | 16,208 | 24,115 | 24,057 | 10,557 |
Balances with Central Banks | 9,045 | 12,574 | 11,576 | 10,322 | 11,795 | 12,189 |
Government Treasury Bills, Bonds and Other Securities | 21,218 | 32,065 | 49,863 | 51,633 | 96,671 | 114,541 |
Commercial paper | 408 | 423 | – | – | – | – |
Securities purchased under resale agreements | 808 | 4,593 | 3,804 | 3,400 | 5,203 | 68 |
Dealing securities | 182 | 145 | 207 | 58 | 81 | 283 |
Investments Held-for-sale | – | 218 | 205 | – | – | – |
Investments Held-to-maturity | 3,091 | 1,394 | 1,756 | 1,197 | 1,025 | 2,366 |
Bills of exchange | 2,790 | 3,204 | 3,195 | 3,059 | 2,847 | 5,291 |
Lease receivable | 7,088 | 9,482 | 10,945 | 9,484 | 7,794 | 11,019 |
Loans and advances | 108,884 | 137,846 | 160,184 | 167,858 | 161,329 | 200,729 |
172,177 | 215,683 | 257,943 | 271,126 | 310,802 | 357,043 | |
Investments in subsidiary companies | 434 | 434 | 434 | 434 | 279 | 354 |
Investments in associate companies | 107 | 44 | 44 | 44 | 44 | 44 |
Property, plant & equipment and intangible assets | 3,182 | 3,477 | 3,768 | 4,098 | 4,382 | 6,428 |
Other assets | 4,177 | 4,336 | 5,751 | 5,512 | 6,808 | 6,191 |
Total assets | 180,077 | 223,974 | 267,940 | 281,214 | 322,315 | 370,060 |
Liabilities | ||||||
Deposits from customers | 127,601 | 157,496 | 183,110 | 199,881 | 234,745 | 259,779 |
Dividends payable | 230 | 113 | 113 | – | – | – |
Borrowings | 13,387 | 18,944 | 18,752 | 13,620 | 11,639 | 14,371 |
Securities sold under repurchase agreements | 11,389 | 14,330 | 23,342 | 25,075 | 29,905 | 45,774 |
Other liabilities | 6,331 | 9,122 | 10,308 | 10,646 | 12,888 | 12,259 |
Tax payable | 818 | 1,446 | 1,698 | 1,665 | 1,203 | 2,448 |
Debentures | 4,553 | 6,680 | 6,680 | 4,436 | 3,436 | 2,127 |
164,309 | 208,131 | 244,003 | 255,323 | 293,816 | 336,758 |
Bank
Year ended December 31, Rs. Mn. |
2011 | 2012 | 2013 | 2014 | CAGR % | |
Operating Results | ||||||
Income | 45,860 | 63,395 | 73,736 | 74,442 | 17.52 | |
Interest income | 38,356 | 52,685 | 62,764 | 61,832 | ||
Interest expenses | (19,650) | (29,830) | (36,879) | (34,610) | ||
Foreign exchange profit | 2,322 | 4,687 | 1,996 | 1,481 | ||
Commission and other income | 5,182 | 6,023 | 8,976 | 11,129 | ||
Operating expenses and provisions | (15,313) | (19,270) | (22,347) | (24,095) | ||
Profit before income tax | 10,897 | 14,295 | 14,510 | 15,737 | 13.03 | |
Income tax on profit | (3,014) | (4,197) | (4,065) | (4,556) | ||
Net profit for the year | 7,883 | 10,098 | 10,445 | 11,181 | 12.36 | |
As at December 31, | ||||||
Assets | ||||||
Cash and cash equivalents | 12,911 | 19,733 | 14,262 | 20,592 | ||
Balances with Central Banks | 17,343 | 18,168 | 18,432 | 19,634 | ||
Placements with banks | 11,674 | 16,163 | 4,132 | 14,508 | ||
Derivative financial assets | 40 | 1,351 | 838 | 460 | ||
Other financial assets - Held-for-trading | 6,418 | 6,041 | 6,379 | 6,327 | ||
Loans and receivables to banks | 580 | 629 | 546 | 551 |
|
13.25 |
Loans and receivables to other customers | 314,486 | 372,915 | 410,951 | 497,066 | ||
Financial investments - Available-for-sale | 61,415 | 57,963 | 131,757 | 214,208 | ||
Financial investments - Held-to-maturity | – | – | – | – | ||
424,867 | 492,963 | 587,297 | 773,346 | |||
Investments in subsidiaries | 315 | 303 | 289 | 1,211 | ||
Investments in associates | 44 | 44 | 44 | 44 | ||
Property, plant & equipment | 7,907 | 8,221 | 8,387 | 9,953 | ||
Intangible assets | 467 | 497 | 468 | 439 | ||
Leasehold property | 78 | 77 | 76 | 75 | ||
Deferred tax assets | 360 | 449 | – | – | ||
Other assets | 7,291 | 9,189 | 9,426 | 10,542 | ||
Total assets | 441,329 | 511,743 | 605,987 | 795,610 | 21.71 | |
Liabilities | ||||||
Due to Banks | 11,574 | 4,894 | 14,194 | 25,261 | ||
Derivative financial liabilities | 435 | 84 | 1,412 | 1,193 | ||
Other financial liabilities Held-for-trading | – | – | – | – | ||
Due to other customers/Deposits from customers | 323,755 | 390,612 | 451,153 | 529,361 | 17.81 | |
Other borrowings | 49,603 | 47,583 | 54,173 | 136,201 | ||
Current tax liabilities | 1,305 | 2,802 | 1,759 | 1,998 | ||
Deferred tax liabilities | 1,594 | 1,698 | 1,563 | 2,574 | ||
Other provisions | 1 | 2 | 2 | 2 | ||
Other liabilities | 8,162 | 10,363 | 9,827 | 17,444 | ||
Due to subsidiaries | 30 | 22 | 16 | 19 | ||
Subordinated liabilities | 1,106 | 1,106 | 10,944 | 11,045 | ||
Total liabilities | 397,565 | 459,166 | 545,043 | 725,098 |
Bank
Year ended December 31, Rs. Mn. |
2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
Shareholders’ Funds | ||||||
Share capital | 3,327 | 2,428 | 10,515 | 10,548 | 10,608 | 10,811 |
Statutory Reserve Fund | 1,421 | 1,429 | 1,634 | 1,896 | 2,164 | 2,472 |
Reserves | 11,020 | 11,986 | 11,788 | 13,447 | 15,727 | 20,019 |
Total Liabilities and Shareholders’ Funds | 180,077 | 223,974 | 267,940 | 281,214 | 322,315 | 370,060 |
Commitments and contingencies | 47,154 | 56,418 | 116,212 | 115,809 | 146,072 | 196,617 |
Ratios | ||||||
Return on average shareholders’ funds (%) | 15.93 | 12.73 | 20.63 | 17.13 | 15.83 | 17.87 |
Income growth (%) | 31.00 | 51.99 | 43.95 | 25.25 | (0.85) | (5.07) |
Return on average assets (%) | 1.48 | 1.00 | 1.67 | 1.55 | 1.43 | 1.60 |
Rate of dividend (%) | 45.00 | 50.00 | – | – | – | – |
Dividend per share (Rs.) | – | – | 7.00 | 7.00 | 7.00 | 7.00 |
Ordinary share dividend cover (times) | 3.34 | 2.54 | 2.29 | 2.42 | 2.46 | 2.09 |
Gross dividends to ordinary shareholders (Rs. Mn.) | 639.36 | 714.00 | 1,743.13 | 1,745.81 | 1,751.47 | 2,642.25 |
Advances to deposits and refinance (%) | 90.64 | 92.49 | 91.75 | 87.12 | 70.88 | 80.97 |
Property, Plant & Equipment to shareholders’ funds (%) | 20.75 | 21.33 | 15.74 | 15.83 | 15.38 | 19.30 |
Total assets to shareholders’ funds (times) | 11.42 | 14.14 | 11.19 | 10.86 | 11.31 | 11.11 |
Capital funds to liabilities including contingent liabilities (%) | 7.46 | 6.05 | 7.87 | 6.98 | 6.48 | 6.26 |
Cost/Income Ratio (%) | 54.28 | 61.10 | 47.87 | 50.46 | 56.86 | 54.69 |
Liquid assets to liabilities (%) | 24.51 | 22.64 | 24.24 | 24.83 | 38.80 | 29.74 |
(As specified in the Banking Act No. 30 of 1988) | ||||||
Group Capital Adequacy (%) Tier I | 9.68 | 7.62 | 10.60 | 10.55 | 11.92 | 10.86 |
Tier I & II | 12.08 | 11.58 | 13.71 | 13.13 | 13.93 | 12.26 |
Share Information | ||||||
Market value of a share (Rs.) | 135.50 | 190.00 | 147.00 | 67.00 | 189.50 | 259.90 |
Earnings per share (Rs.) | 3 | 3 | 5 | 6 | 6 | 7 |
Price earnings ratio (times) | 9 | 15 | 9 | 4 | 11 | 18 |
Net assets value per share (Rs.) | 22 | 24 | 30 | 34 | 38 | 44 |
Earnings yield (%) | 11 | 5 | 11 | 25 | 9 | 6 |
Dividend payout ratio (%) - Cash | 30 | 39 | 44 | 41 | 41 | 34 |
Total dividend payout ratio (%) | – | – | – | – | – | 48 |
Other Information | ||||||
Number of employees | 3,168 | 3,415 | 3,745 | 4,041 | 4,071 | 4,321 |
Number of delivery points - Sri Lanka | 134 | 150 | 163 | 170 | 172 | 187 |
Number of delivery points - Bangladesh | 5 | 7 | 9 | 11 | 15 | 17 |
Number of automated teller machines | 223 | 278 | 301 | 346 | 368 | 414 |
Bank
Year ended December 31, Rs. Mn. |
2011 | 2012 | 2013 | 2014 | CAGR % | |
Equity | ||||||
Stated capital | 16,474 | 18,009 | 19,587 | 21,458 | ||
Statutory reserves | 2,890 | 3,433 | 4,035 | 4,327 | ||
Retained earnings | 2,547 | 4,178 | 4,233 | 4,258 | ||
Other reserves | 21,853 | 26,957 | 33,089 | 40,469 | ||
Total Liabilities and Equity | 441,329 | 511,743 | 605,987 | 795,610 | 21.71 | |
Commitments and contingencies | 234,551 | 279,593 | 295,452 | 352,453 | ||
Ratios | ||||||
Return on average shareholders’ funds (%) | 20.28 | 20.96 | 18.40 | 17.01 | ||
Income growth (%) | 10.45 | 38.24 | 16.31 | 0.96 | ||
Return on average assets (%) | 1.94 | 2.12 | 1.87 | 1.60 | ||
Dividend per share (Rs.) | 6.00 | 6.50 | 6.50 | 6.50 | ||
Ordinary share dividend cover (times) | 1.61 | 1.86 | 1.89 | 1.99 | ||
Gross dividends to ordinary shareholders (Rs. Mn.) | 4,904.70 | 5,421.42 | 5,522.47 | 5,627.87 | ||
Advances to deposits and refinance (%) | 83.30 | 82.01 | 77.48 | 75.89 | ||
Property, plant & equipment to equity (%) | 19.31 | 16.73 | 14.65 | 14.85 | ||
Total assets to equity (times) | 9.92 | 9.73 | 9.94 | 11.28 | ||
Capital funds to liabilities including contingent liabilities (%) | 6.92 | 7.12 | 7.25 | 6.54 | ||
Cost/income ratio (%) | 50.70 | 47.02 | 45.59 | 47.13 | ||
Liquid assets to liabilities (%) | 26.35 | 25.79 | 34.05 | 33.11 | ||
(As specified in the Banking Act No. 30 of 1988) | ||||||
Group Capital Adequacy (%) Tier I | 12.11 | 12.63 | 13.30 | 13.07 | ||
Tier I & II | 13.01 | 13.84 | 16.93 | 16.22 | ||
Share Information | ||||||
Market value of a share (Rs.) | 100.00 | 103.00 | 120.40 | 171.00 | ||
Earnings per share (Rs.) | 9 | 12 | 12 | 13 | ||
Price earnings ratio (times) | 11 | 9 | 10 | 13 | ||
Net assets value per share (Rs.) | 54 | 63 | 72 | 81 | ||
Earnings yield (%) | 9 | 12 | 10 | 8 | ||
Dividend payout ratio (%) - Cash | 42 | 37 | 37 | 35 | ||
Total dividend payout ratio (%) | 62 | 54 | 53 | 50 | ||
Other Information | ||||||
Number of employees | 4,524 | 4,602 | 4,730 | 4,852 | ||
Number of delivery points - Sri Lanka | 213 | 227 | 235 | 239 |
10.62 |
|
Number of delivery points - Bangladesh | 17 | 17 | 18 | 18 | ||
Number of automated teller machines | 514 | 572 | 604 | 625 | 6.73 |