Organisational Overview
Financial Highlights
Table – 01
| GROUP | BANK | |||||
| As at December 31, |
2020 Rs. ’000 |
2019 Rs. ’000 |
Change % |
2020 Rs. ’000 |
2019 Rs. ’000 |
Change % |
| Results for the year – (Rs. Bn.) | ||||||
| Gross income | 151.966 | 150.741 | 0.81 | 149.711 | 148.706 | 0.68 |
| Operating profit before taxes on financial services | 29.047 | 30.230 | (3.91) | 28.017 | 29.531 | (5.13) |
| Taxes on financial services | 4.531 | 7.256 | (37.56) | 4.505 | 7.192 | (37.36) |
| Profit before taxation (PBT) | 24.520 | 22.984 | 6.68 | 23.511 | 22.339 | 5.25 |
| Income tax expenses | 7.433 | 5.564 | 33.59 | 7.138 | 5.314 | 34.32 |
| Profit after tax (PAT) | 17.087 | 17.420 | (1.91) | 16.373 | 17.025 | (3.83) |
| Gross Dividends | 7.586 | 6.679 | 13.58 | 7.586 | 6.679 | 13.58 |
| Position at the year end – (Rs. Bn.) | ||||||
| Shareholders' Funds (Stated capital and reserves) | 159.193 | 134.424 | 18.43 | 157.146 | 133.162 | 18.01 |
| Financial liabilities at amortised cost - due to depositors | 1,286.616 | 1,068.983 | 20.36 | 1,265.966 | 1,053.308 | 20.19 |
| Gross loans and advances | 961.859 | 930.737 | 3.34 | 947.842 | 920.457 | 2.98 |
| Total Assets | 1,762.496 | 1,408.941 | 25.09 | 1,736.218 | 1,387.345 | 25.15 |
| Information per Ordinary Share (Rs.) | ||||||
| Earnings (Basic) | 15.70 | 16.41 | (4.33) | 15.18 | 16.19 | (6.24) |
| Earnings (Diluted) | 15.70 | 16.41 | (4.33) | 15.18 | 16.19 | (6.24) |
| Dividends – Cash | – | – | – | 4.50 | 4.50 | – |
| Dividends – Shares | – | – | – | 2.00 | 2.00 | – |
| Net Assets Value | 136.42 | 130.83 | 4.27 | 134.67 | 129.60 | 3.91 |
| Market value at the year end – Voting | N/A | N/A | – | 80.90 | 95.00 | (14.84) |
| Market value at the year end – Non-voting | N/A | N/A | – | 70.10 | 83.00 | (15.54) |
| Ratios | ||||||
| Return on average shareholders' funds – (ROE) (%) | 11.64 | 13.73 | (2.09) | 11.28 | 13.54 | (2.26) |
| Return on average assets – (ROA) (%) | 1.08 | 1.28 | (0.20) | 1.05 | 1.27 | (0.22) |
| Financial intermediation margin (%) | N/A | N/A | – | 9.59 | 11.05 | (1.47) |
| Total impairment provision as a % of gross loans and advances (%) | 5.41 | 3.96 | 1.45 | 5.38 | 3.89 | 1.49 |
| Cost of risk on loans and advances (%) | 1.88 | 1.11 | 0.77 | 1.88 | 1.09 | 0.79 |
| Non-performing loans ratio – Gross (%) | – | – | – | 5.11 | 4.95 | 0.16 |
| Non-performing loans ratio – Net (%) | – | – | – | 2.18 | 3.00 | (0.82) |
| Price Earnings – Ordinary Voting Shares – (times) | N/A | N/A | – | 5.33 | 5.87 | (0.54) |
| Dividend Yield – Ordinary Voting Shares (%) | N/A | N/A | – | 8.03 | 6.84 | 1.19 |
| Dividend Cover on Ordinary Shares (times) | N/A | N/A | – | 2.34 | 2.49 | (0.16) |
| Statutory Ratios % | ||||||
| Liquid assets ratio – Domestic Banking Unit (DBU) | N/A | N/A | – | 44.99 | 30.42 | 14.57 |
| Liquid assets ratio – Off Shore Banking Unit (OBC) | N/A | N/A | – | 32.70 | 25.25 | 7.45 |
| Capital Adequacy Ratios (Under Basel III) (%) | ||||||
|
Common Equity Tier (CET) I capital ratio (Minimum Requirement – 2020 – 7.500%, 2019 – 8.500%) |
13.356 | 12.399 | 0.957 | 13.217 | 12.298 | 0.919 |
| Tier I capital ratio (Minimum Requirement – 2020 – 9.000%, 2019 – 10.000%) | 13.356 | 12.399 | 0.957 | 13.217 | 12.298 | 0.919 |
| Total capital ratio (Minimum Requirement – 2020 – 13.000%, 2019 – 14.000%) | 16.882 | 16.182 | 0.700 | 16.819 | 16.146 | 0.673 |
| Liquidity Coverage Ratio (%) | ||||||
| Rupee – (Minimum Requirement – 2019 – 100%, 2018 – 90%) | N/A | N/A | – | 330.84 | 158.79 | 172.05 |
| All Currency – (Minimum Requirement – 2019 – 100%, 2018 – 90%) | N/A | N/A | – | 258.06 | 224.74 | 33.32 |
Financial Goals and Achievements – Bank
| Financial Indicator | Goal | Achievement | ||||
| 2020 | 2019 | 2018 | 2017 | 2016 | ||
| Return on average assets ROA (After Tax) (%) | Over 2% | 1.05 | 1.27 | 1.43 | 1.54 | 1.53 |
| Return on average shareholders' funds (After Tax) (%) | Over 20% | 11.28 | 13.54 | 15.56 | 17.88 | 19.52 |
| Growth in income (%) | Over 20% | 0.68 | 7.72 | 20.72 | 24.10 | 19.62 |
| Growth in profit for the year (%) | Over 20% | (3.83) | (2.96) | 5.81 | 14.25 | 21.92 |
| Growth in total assets (%) | Over 20% | 25.15 | 6.43 | 14.00 | 12.96 | 15.05 |
| Dividend per share (DPS) (Rs.) | Over Rs.5.00 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 |
| Capital Adequacy Ratios | ||||||
| CET I capital ratio (%) (Minimum requirement as per Basel III – 2020 – 7.500%, 2019 – 8.500%) | 2% buffer over the regulatory minimum requirement | 13.217 | 12.298 | 11.338 | 12.111 | N/A |
| Tier I capital ratio (%) (Minimum requirement As per Basel III – 2020 – 9.000%, 2019 – 10.000%) | 13.217 | 12.298 | 11.338 | 12.111 | N/A | |
| Tier I capital ratio (%) Minimum requirement per Basel II – 5% | N/A | N/A | N/A | N/A | N/A | 11.56 |
| Total capital ratio (%) (Minimum requirement As per Basel III – 2020 – 13.000%, 2019 – 14.000%) | 2% buffer over the regulatory minimum requirement | 16.819 | 16.146 | 15.603 | 15.746 | N/A |
| Total capital ratio (%) Minimum requirement as per Basel II – 10% | N/A | N/A | N/A | N/A | N/A | 15.89 |