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Organisational Overview

Financial Highlights

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Table – 01:
GROUP BANK
As at December 31, 2021
Rs. ’000
2020
Rs. ’000
Change % 2021
Rs. ’000
2020
Rs. ’000
Change
%
Results for the year – (Rs. Bn.)
Gross income 163.675 151.966 7.70 160.886 149.711 7.46
Operating profit before Value Added Tax on financial services 38.801 29.047 33.58 37.810 28.017 34.96
Value Added Tax on financial services 5.845 4.531 28.99 5.809 4.505 28.95
Profit before taxation (PBT) 32.957 24.520 34.41 32.001 23.511 36.11
Income tax expenses 8.667 7.433 16.60 8.395 7.138 17.62
Profit after tax (PAT) 24.290 17.087 42.16 23.606 16.373 44.17
Gross Dividends 8.957 7.586 18.07 8.957 7.586 18.07
Position at the year end – (Rs. Bn.)
Shareholders' Funds (Stated capital and reserves) 167.475 159.193 5.20 164.894 157.146 4.93
Financial liabilities at amortised cost – due to depositors 1,472.640 1,286.616 14.46 1,443.093 1,265.966 13.99
Financial assets at amortised cost – Loans and advances to other customers 1,094.931 961.859 13.83 1,078.685 947.842 13.80
Total Assets 1,983.491 1,762.496 12.54 1,949.213 1,736.218 12.27
Information per Ordinary Share (Rs.)
Earnings (Basic) 20.15 15.32 31.53 19.77 14.81 33.49
Earnings (Diluted) 20.15 15.32 31.53 19.77 14.81 33.49
Dividends – Cash 4.50 4.50
Dividends – Shares 3.00 2.00 50.00
Net Assets Value 140.24 136.42 2.80 138.08 134.67 2.53
Market value at the year end – Voting N/A N/A 79.30 80.90 (1.98)
Market value at the year end – Non-voting N/A N/A 72.00 70.10 2.71
Ratios
Return on average shareholders' funds – (ROE) (%) 14.87 11.64 3.23 14.66 11.28 3.38
Return on average assets – (ROA) (%) 1.30 1.08 0.22 1.28 1.05 0.23
Financial intermediation margin (%) N/A N/A 8.73 9.59 (0.86)
Total impairment provision as a % of gross loans and advances (%) 5.97 5.41 0.56 5.94 5.38 0.56
Cost of risk on loans and advances (%) 1.37 1.88 (0.51) 1.35 1.88 (0.53)
Non-performing loans ratio – Gross (%) 4.62 5.11 (0.49)
Non-performing loans ratio – Net (%) 1.44 2.18 (0.74)
Impaired loans (Stage 3) ratio (Based on proposed regulatory provisions) (%) 3.85 6.78 (2.93)
Impairment (Stage 3) to Stage 3 Loans Ratio (Based on proposed regulatory provisions) (%) 42.76 30.87 11.89
Price Earnings – Ordinary Voting Shares – (times) N/A N/A 4.01 5.46 (1.45)
Dividend Yield – Ordinary Voting Shares (%) N/A N/A 9.46 8.03 1.43
Dividend Cover on Ordinary Shares (times) N/A N/A 2.64 2.28 0.36
Statutory Ratios %
Liquid assets ratio – Domestic Banking Unit (DBU) (Minimum Requirement – 20%) N/A N/A 38.73 44.99 (6.26)
Liquid assets ratio – Off Shore Banking Unit (OBC) (Minimum Requirement – 20%) N/A N/A 36.39 32.70 3.69
Capital Adequacy Ratios (Under Basel III) (%)
Common Equity Tier (CET) I capital ratio
(Minimum Requirement – 2021 – 7.500%, 2020 – 7.500%)
12.049 13.356 (1.31) 11.923 13.217 (1.29)
Tier I capital ratio (Minimum Requirement – 2021 – 9.000%, 2020 – 9.000%) 12.049 13.356 (1.31) 11.923 13.217 (1.29)
Total capital ratio (Minimum Requirement – 2021 – 13.000%, 2020 – 13.000%) 15.696 16.882 (1.19) 15.650 16.819 (1.17)
Liquidity Coverage Ratio (%)
Rupee – (Minimum Requirement – 2021 – 100%, 2020 – 90%) N/A N/A 425.97 599.38 (173.41)
All Currency – (Minimum Requirement – 2021 – 100%, 2020 – 90%) N/A N/A 242.52 422.86 (180.34)

Financial Goals and Achievements – Bank

Financial Indicator Goal Achievement
2021 2020 2019 2018 2017
Return on average assets ROA (After Tax) (%) Over 2% 1.28 1.05 1.27 1.43 1.54
Return on average shareholders' funds (After Tax) (%) Over 20% 14.66 11.28 13.54 15.56 17.88
Growth in income (%) Over 20% 7.46 0.68 7.72 20.72 24.10
Growth in profit for the year (%) Over 20% 44.17 (3.83) (2.96) 5.81 14.25
Growth in total assets (%) Over 20% 12.27 25.15 6.43 14.00 12.96
Dividend per share (DPS) (Rs.) Over Rs. 5.00 7.50 6.50 6.50 6.50 6.50
Capital Adequacy Ratios
CET I capital ratio (%) (Minimum requirement as per Basel III – 2021 – 7.500%, 2020 – 7.500%) 2% buffer over the regulatory minimum requirement 11.923 13.217 12.298 11.338 12.111
Tier I capital ratio (%) (Minimum requirement As per Basel III – 2021 – 9.000%, 2020 – 9.000%) 11.923 13.217 12.298 11.338 12.111
Total capital ratio (%) (Minimum requirement As per Basel III – 2021 – 13.000%, 2020 – 13.000%) 2% buffer over the regulatory minimum requirement 15.650 16.819 16.146 15.603 15.746