Table – 01
| GROUP | BANK | |||||
| 2022 | 2021 | Change
(%) |
2022 | 2021 | Change
(%) |
|
| Results for the year – (Rs. Bn.) | ||||||
| Gross income | 280.387 | 163.675 | 71.31 | 275.444 | 160.886 | 71.20 |
| Operating profit before taxes on financial services | 28.430 | 38.801 | (26.73) | 26.491 | 37.810 | (29.94) |
| Taxes on financial services | 3.921 | 5.845 | (32.91) | 3.892 | 5.809 | (33.00) |
| Profit before taxation (PBT) | 24.505 | 32.957 | (25.65) | 22.598 | 32.001 | (29.38) |
| Income tax expense/(reversal) | 0.106 | 8.667 | (98.78) | (0.371) | 8.395 | (104.42) |
| Profit after tax (PAT) | 24.399 | 24.290 | 0.45 | 22.970 | 23.606 | (2.70) |
| Gross dividends | 5.579 | 8.957 | (37.71) | 5.579 | 8.957 | (37.71) |
| Position at the year end – (Rs. Bn.) | ||||||
| Shareholders’ funds | 208.865 | 167.475 | 24.71 | 203.699 | 164.894 | 23.53 |
| Financial liabilities at amortised cost – due to depositors | 1,977.744 | 1,472.640 | 34.30 | 1,914.359 | 1,443.093 | 32.66 |
| Financial assets at amortised cost – loans and advances to other customers (Gross) | 1,246.170 | 1,094.931 | 13.81 | 1,219.667 | 1,078.685 | 13.07 |
| Total assets | 2,499.554 | 1,983.491 | 26.02 | 2,425.798 | 1,949.213 | 24.45 |
| Information per Ordinary Share (Rs.) | ||||||
| Earnings (Basic) | 19.21 | 19.41 | (1.03) | 18.53 | 19.04 | (2.68) |
| Earnings (Diluted) | 19.21 | 19.41 | (1.03) | 18.53 | 19.04 | (2.68) |
| Dividends – Cash | – | – | – | – | 4.50 | (100.00) |
| Dividends – Shares | – | – | – | 4.50 | 3.00 | 50.00 |
| Net assets value | 168.47 | 140.24 | 20.13 | 164.30 | 138.08 | 18.99 |
| Market value at the year end – Voting | N/A | N/A | – | 50.20 | 79.30 | (36.70) |
| Market value at the year end – Non-voting | N/A | N/A | – | 41.30 | 72.00 | (42.64) |
| Key financial ratios | ||||||
| Return on average assets (ROA) – After tax (%) | 1.09 | 1.30 | (0.21) | 1.05 | 1.28 | (0.23) |
| Return on average shareholders’ funds (ROE) – After tax (%) | 12.97 | 14.87 | (1.90) | 12.46 | 14.66 | (2.20) |
| Financial intermediation margin (%) | N/A | N/A | – | 12.59 | 8.73 | 3.86 |
| Total impairment provision as a % of gross loans and advances (%) | 7.28 | 5.97 | 1.31 | 7.32 | 5.94 | 1.38 |
| Cost of risk on loans and advances (%) | 1.79 | 1.37 | 0.42 | 1.80 | 1.35 | 0.45 |
| Impaired loans (Stage 3) ratio (%) | – | – | – | 5.25 | 3.85 | 1.40 |
| Impairment (Stage 3) to stage 3 loans ratio (%) | – | – | – | 39.60 | 42.76 | (3.16) |
| Price earnings – ordinary voting shares – (times) | N/A | N/A | – | 2.71 | 4.16 | (1.45) |
| Dividend yield – ordinary voting shares (%) | N/A | N/A | – | 8.96 | 9.46 | (0.50) |
| Dividend cover on ordinary shares (times) | N/A | N/A | – | 4.12 | 2.54 | 1.58 |
| Statutory ratios | ||||||
| Liquid assets ratio (minimum requirement – 20%) | ||||||
| Domestic Banking Unit (DBU) | N/A | N/A | – | 35.01 | 38.73 | (3.72) |
| Off Shore Banking Unit (OBC) | N/A | N/A | – | 32.37 | 36.39 | (4.02) |
| Consolidated (Sri Lankan operations) | N/A | N/A | – | 35.88 | N/A | – |
| Capital adequacy ratios (under Basel III) (%) | ||||||
| Common equity tier I capital ratio (minimum requirement – 8.500%) | 11.341 | 12.049 | (0.708) | 11.389 | 11.923 | (0.534) |
| Tier I capital ratio (minimum requirement – 10.000%) | 11.341 | 12.049 | (0.708) | 11.389 | 11.923 | (0.534) |
| Total capital Ratio (minimum requirement – 14.000%) | 14.507 | 15.696 | (1.189) | 14.657 | 15.650 | (0.993) |
| Liquidity coverage ratio (%) | ||||||
| Rupee – (minimum requirement – 2022 – 90%, 2021 – 100%) | N/A | N/A | – | 405.91 | 425.97 | (20.06) |
| All currency – (minimum requirement – 2022 – 90%, 2021 – 100%) | N/A | N/A | – | 293.91 | 242.52 | 51.39 |
| Net stable funding ratio – (minimum requirement – 2022 – 90%, 2021 – 100%) | N/A | N/A | – | 173.58 | 157.47 | 16.11 |
| Gearing ratio (%) | ||||||
| Leverage ratio (minimum requirement – 3%) | 5.66 | 5.44 | 0.22 | 5.56 | 5.29 | 0.27 |
| Financial Indicator | Goal | Achievement | ||||
| 2022 | 2021 | 2020 | 2019 | 2018 | ||
| Return on average assets (ROA) – After Tax (%) | Over 2% | 1.05 | 1.28 | 1.05 | 1.27 | 1.43 |
| Return on average shareholders’ funds (ROE) – After Tax (%) | Over 20% | 12.46 | 14.66 | 11.28 | 13.54 | 15.56 |
| Growth in income (%) | Over 20% | 71.20 | 7.46 | 0.68 | 7.72 | 20.72 |
| Growth in profit for the year (%) | Over 20% | (2.70) | 44.17 | (3.83) | (2.96) | 5.81 |
| Growth in total assets (%) | Over 20% | 24.45 | 12.27 | 25.15 | 6.43 | 14.00 |
| Dividend per share (DPS) (Rs.) | Over Rs. 5.00 | 4.50 | 7.50 | 6.50 | 6.50 | 6.50 |
| Capital Adequacy Ratios | ||||||
| Common Equity Tier I Capital Ratio (Minimum Requirement – 8.500%) | 2% buffer over the regulatory minimum requirement | 11.389 | 11.923 | 13.217 | 12.298 | 11.338 |
| Tier I Capital Ratio (Minimum Requirement – 10.000%) | 11.389 | 11.923 | 13.217 | 12.298 | 11.338 | |
| Total Capital Ratio (Minimum Requirement – 14.000%) | 14.657 | 15.650 | 16.819 | 16.146 | 15.603 | |