GROUP | BANK | |||||||
2017 | 2016 | Change % | 2017 | 2016 | Change % | |||
Results for the year (Rs. Bn.) | ||||||||
Gross income | 116.842 | 93.726 | 24.66 | 115.594 | 93.143 | 24.10 | ||
Profit before Financial VAT and Taxation | 28.173 | 23.824 | 18.25 | 28.064 | 23.755 | 18.14 | ||
Profit before taxation (PBT) | 23.280 | 20.115 | 15.73 | 23.183 | 20.051 | 15.62 | ||
Income tax expenses | 6.654 | 5.648 | 17.81 | 6.602 | 5.539 | 19.19 | ||
Profit after taxation (PAT) | 16.627 | 14.466 | 14.94 | 16.581 | 14.513 | 14.25 | ||
Revenue to the Government | 11.617 | 9.436 | 23.11 | 11.516 | 9.385 | 22.71 | ||
Gross dividends | 6.477 | 5.800 | 11.16 | 6.477 | 5.800 | 11.16 | ||
Position at the year end (Rs. Bn.) | ||||||||
Shareholders’ funds (Stated capital and reserves) | 107.995 | 78.992 | 36.72 | 107.099 | 78.354 | 36.69 | ||
Deposits from customers | 857.270 | 743.311 | 15.33 | 850.128 | 739.563 | 14.95 | ||
Gross loans and advances | 760.454 | 637.983 | 19.20 | 754.708 | 633.391 | 19.15 | ||
Total Assets | 1,155.821 | 1,020.984 | 13.21 | 1,143.374 | 1,012.201 | 12.96 | ||
Information per ordinary share (Rs.) | ||||||||
Earnings (Basic) | 17.28 | 15.80 | 9.37 | 17.26 | 15.81 | 9.17 | ||
Earnings (Diluted) | 17.27 | 15.77 | 9.51 | 17.24 | 15.77 | 9.26 | ||
Dividends – Cash | – | – | – | 4.50 | 4.50 | – | ||
Dividends – Shares | – | – | – | 2.00 | 2.00 | – | ||
Net assets value | 108.44 | 88.68 | 22.28 | 107.54 | 87.97 | 22.25 | ||
Market value at the year-end – Voting | N/A | N/A | – | 135.80 | 140.20 | (3.14) | ||
Market value at the year-end – Non-voting | N/A | N/A | – | 105.00 | 123.00 | (14.63) | ||
Ratios | ||||||||
Return on average shareholders’ funds (%) | 17.78 | 19.29 | (1.51) | 17.88 | 19.52 | (1.64) | ||
Return on average assets (%) | 1.53 | 1.52 | 0.01 | 1.54 | 1.53 | 0.01 | ||
Price earnings (times) – Ordinary voting shares | N/A | N/A | 8.16 | 8.61 | (5.23) | |||
Price earnings (times) – Ordinary non-voting shares | N/A | N/A | 6.31 | 7.55 | (16.42) | |||
Year-on-year growth in earnings (%) | 14.93 | 21.98 | (7.05) | 14.25 | 21.92 | (7.67) | ||
Dividend yield (%) – Ordinary voting shares | N/A | N/A | 4.79 | 4.64 | 0.15 | |||
Dividend yield (%) – Ordinary non-voting shares | N/A | N/A | 6.19 | 5.28 | 0.91 | |||
Dividend cover on Ordinary shares (times) | N/A | N/A | 2.56 | 2.50 | 2.40 | |||
Statutory ratios: | ||||||||
Liquid assets (%) | N/A | N/A | – | 27.64 | 27.41 | 0.23 | ||
Capital adequacy Ratios: (Under Basel II) | ||||||||
Tier 1 ratio (%) – Minimum requirement 5% | – | 10.47 | – | – | 10.37 | – | ||
Total capital ratio (%) – Minimum requirement 10% | – | 14.91 | – | – | 14.87 | – | ||
Capital Adequacy Ratios (Under Basel III) | ||||||||
Common Equity Tier 1 Capital Ratio (%) – Minimum requirement 6.25% | 12.12 | – | – | 12.11 | – | – | ||
Tier 1 ratio (%) – Minimum requirement 7.75% | 12.12 | – | – | 12.11 | – | – | ||
Total capital ratio (%) – Minimum requirement 11.75% | 15.70 | – | – | 15.75 | – | – |
Financial Goals and Achievements – Bank
Financial indicator | Goal | Achievement | |||||
2017 | 2016 | 2015 | 2014 | 2013 | |||
Return on average assets (ROA) (%) | Over 2 | 1.54 | 1.53 | 1.42 | 1.60 | 1.87 | |
Return on average shareholders’ funds (%) | Over 20 | 17.88 | 19.52 | 16.90 | 17.01 | 18.40 | |
Growth in income (%) | Over 20 | 24.10 | 19.62 | 7.03 | 0.96 | 15.40 | |
Growth in profit for the year (%) | Over 20 | 14.25 | 21.92 | 6.47 | 7.03 | 3.44 | |
Growth in total assets (%) | Over 20 | 12.96 | 15.05 | 10.58 | 31.29 | 18.54 | |
Dividend per share (DPS) (Rs.) | Over Rs. 5.00 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 | |
Capital Adequacy Ratios | |||||||
Common Equity Tier 1 Capital Ratio (%) – Minimum requirement as per Basel III – 6.25% | Over 10 | 12.11 | N/A | N/A | N/A | N/A | |
Tier 1 Capital Ratio (%) – Minimum requirement as per Basel III – 7.75% | Over 10 | 12.11 | N/A | N/A | N/A | N/A | |
Tier 1 Capital Ratio (%) – Minimum requirement as per Basel II – 5% | Over 10 | – | 11.56 | 11.60 | 12.93 | 13.27 | |
Total Capital Ratio (%) – Minimum requirement as per Basel III – 11.75% | Over 15 | 15.75 | N/A | N/A | N/A | N/A | |
Total Capital Ratio (%) – Minimum requirement as per Basel II – 10% | Over 14 | N/A | 15.89 | 14.26 | 15.97 | 16.91 |
GRI Disclosure | Bank | |||||||
2017 | 2016 | Unit of Measure | ||||||
Financial and Manufactured Capital | ||||||||
201-1 | Direct economic value: | |||||||
Generated | 115,594 | 93,143 | Rs. Mn. | |||||
Distributed to: | 102,268 | 81,712 | Rs. Mn. | |||||
– Depositors | 64,011 | 47,915 | Rs. Mn. | |||||
– Employees | 11,268 | 10,794 | Rs. Mn. | |||||
– Business Partners | 8,775 | 7,772 | Rs. Mn. | |||||
– Government | 11,654 | 9,368 | Rs. Mn. | |||||
– Shareholders | 6,477 | 5,765 | Rs. Mn. | |||||
– Community | 83 | 62 | Rs. Mn. | |||||
Retained | 13,326 | 11,431 | Rs. Mn. | |||||
115,594 | 93,143 | Rs. Mn. | ||||||
Social and Network Capital | ||||||||
413-1 | Funds disbursed to SMEs, Agri businesses, Micro financing | 131,881 | 272,914 | Rs. Mn. | ||||
Financial literacy and Capacity building programmes | ||||||||
– No. of programmes | 8 | 7 | Nos. | |||||
– No. of participants | 1,195 | 873 | Nos. | |||||
Penetration rate outside principle province | 12 | 12 | % | |||||
205-1 | Coverage and frequency of audits | |||||||
– Onsite audits | 335 | 271 | Nos. | |||||
– Online audits | 243 | 223 | Nos. | |||||
205-3 | Number of alerts reported to FIU of the CBSL | 14 | 15 | Nos. | ||||
204-1 | Payments to suppliers | 8,775 | 7,772 | Rs. Mn. | ||||
Proportion of spending on local suppliers | 92.18 | 90.75 | % | |||||
Spending on CSR activities | 43 | 65 | Rs. Mn. | |||||
308-1,412-1,414-1 | Percentage of new suppliers screened for social and environmental impacts | 100 | 100 | % | ||||
Intellectual Capital | ||||||||
Brand Value | 20,330 | 24,027 | Rs. Mn. | |||||
Cumulative service period of employees | 57,852 | 56,043 | Years | |||||
Human Capital | ||||||||
102-8 | Total employees | 4,982 | 4,987 | Nos. | ||||
401-1 | New employee hires | 4.88 | 5.43 | % | ||||
Attrition rate | 4.86 | 4.61 | % | |||||
401-3 | Return to work after maternity leave | 94.64 | 95.38 | % | ||||
404-1 | Average training hours | |||||||
– Male | 25.47 | 24.79 | Hours | |||||
– Female | 17.04 | 19.74 | Hours | |||||
404-2 | Skill development programmes | 12,937 | 14,650 | Hours | ||||
404-3 | Percentage of employees receiving performance evaluations | 100 | 100 | % | ||||
405-1 | Remuneration ratio women to men | |||||||
– Corporate and Senior Management | 1:0.75 | 1:0.95 | X:Y | |||||
– Executive Officers | 1:0.90 | 1:1.10 | X:Y | |||||
– Junior Executive Assistants and Allied Grades | 1:0.92 | 1:1.08 | X:Y | |||||
– Banking and executive Trainees | 1:0.97 | 1:1.01 | X:Y | |||||
– Office Assistants and Other | 1:1.05 | 1:1.01 | X:Y | |||||
Natural Capital | ||||||||
302-1 | Energy Consumption | 54,820 | 56,359 | Gj | ||||
306-2 | Waste Disposal | |||||||
– e-waste (CO2 emission offset) | 9,500 | 163,708 | Kg | |||||
– Paper | 151,885 | 98,155 | Kg | |||||
Loan disbursements for renewable energy projects | ||||||||
– Wind | – | – | – | |||||
– Solar | 100 | 495 | Rs. Mn. | |||||
– Hydro | 302 | 428 | Rs. Mn. | |||||
– Bio-mass | 39 | 126 | Rs. Mn. |