Financial Highlights
| GROUP | BANK | |||||
| 2014 | 2013 | Change
% |
2014 | 2013 | Change % |
|
| Results for the year (Rs. Mn.) | ||||||
| Income | 74,537.814 | 73,704.516 | 1.13 | 74,441.840 | 73,736.267 | 0.96 |
| Profit before Financial VAT and Taxation | 18,541.905 | 16,654.587 | 11.33 | 18,425.207 | 16,479.473 | 11.81 |
| Profit Before Taxation (PBT) | 15,859.917 | 14,690.918 | 7.96 | 15,736.216 | 14,510.519 | 8.45 |
| Provision for Taxation | 4,617.124 | 4,117.461 | 12.14 | 4,556.035 | 4,065.008 | 12.08 |
| Profit After Taxation (PAT) | 11,242.793 | 10,573.457 | 6.33 | 11,180.181 | 10,445.511 | 7.03 |
| Revenue to the Governments | 7,295,545 | 5,957,636 | 22.45 | 7,234.562 | 5,905.636 | 22.50 |
| Gross Dividends | 5,627.869 | 5,522.473 | 1.91 | 5,627.869 | 5,522.473 | 1.91 |
| At the year-end | ||||||
| Shareholders’ Funds (Capital and Reserves) | 71,205.835 | 61,446.228 | 15.88 | 70,511.730 | 60,943.999 | 15.70 |
| Deposits | 529,266.588 | 451,098.946 | 17.33 | 529,361.484 | 451,152.923 | 17.34 |
| Gross Loans and Advances | 464,899.378 | 379,237.437 | 22.59 | 463,586.297 | 379,252.897 | 22.24 |
| Total Assets | 797,257.713 | 606,564.507 | 31.44 | 795,609.630 | 605,987.592 | 31.29 |
| Information per Ordinary Share (Rs.) | ||||||
| Earnings (Basic) | 13.01 | 12.24 | 6.29 | 12.94 | 12.10 | 6.94 |
| Earnings (Diluted) | 12.95 | 12.22 | 5.97 | 12.88 | 12.09 | 6.53 |
| Dividends - Cash | – | – | – | 4.50 | 4.50 | – |
| Dividends - Shares | – | – | – | 2.00 | 2.00 | – |
| Net Assets Value | 82.24 | 72.37 | 13.54 | 81.44 | 71.78 | 13.46 |
| Market Value at the year-end - Voting | N/A | N/A | – | 171.00 | 120.40 | 42.03 |
| Market Value at the year-end - Non-Voting | N/A | N/A | – | 125.10 | 93.00 | 34.52 |
| Ratios | ||||||
| Return on Average Shareholders’ Funds (%) | 16.95 | 18.48 | (1.53) | 17.01 | 18.40 | (1.39) |
| Return on Average Assets (%) | 1.60 | 1.89 | (0.29) | 1.60 | 1.87 | (0.27) |
| Price Earnings (times) - Ordinary Voting Shares | N/A | N/A | 13.24 | 9.79 | 35.24 | |
| Price Earnings (times) - Ordinary Non-Voting Shares | N/A | N/A | 9.69 | 7.56 | 28.17 | |
| Year-on-year growth in Earnings (%) | 6.33 | 4.88 | 1.45 | 7.03 | 3.44 | 3.59 |
| Dividend Yield (%) - Ordinary Voting Shares | N/A | N/A | 3.80 | 5.40 | (1.60) | |
| Dividend Yield (%) - Ordinary Non-Voting Shares | N/A | N/A | 5.20 | 6.99 | (1.79) | |
| Dividend Cover on Ordinary Shares (times) | N/A | N/A | 1.99 | 1.89 | 5.29 | |
| Statutory Ratios: | ||||||
| Liquid Assets (%) | N/A | N/A | – | 33.11 | 34.05 | (0.94) |
| Capital Adequacy Ratios: | ||||||
| Tier I (%) - Minimum Requirement 5% | 13.07 | 13.30 | (0.23) | 12.93 | 13.27 | (0.34) |
| Tier I & II (%) - Minimum Requirement 10% | 16.22 | 16.93 | (0.71) | 15.97 | 16.91 | (0.94) |
Financial Goals and Achievements - Bank
| Goal | Achievement |
|||||
| Financial Indicator | 2014 |
2013 |
2012 |
2011 |
2010 |
|
| Return on Average Assets (ROA) (%) | Over 2% | 1.60 |
1.87 |
2.12 |
1.94 |
1.60 |
| Return on Average Shareholders’ Funds (%) | Over 20% | 17.01 |
18.40 |
20.96 |
20.28 |
17.87 |
| Growth in Income (%) | Over 20% | 0.96 |
15.40 |
38.25 |
10.45 |
(5.07) |
| Growth in Profit After Taxation (%) | Over 20% | 7.03 |
3.44 |
28.10 |
42.72 |
28.30 |
| Growth in Total Assets (%) | Over 20% | 31.29 |
18.54 |
15.95 |
18.95 |
14.81 |
| Dividend Per Share (DPS) (Rs.) | Over Rs. 5.00 | 6.50 |
6.50 |
6.50 |
6.00 |
7.00 |
| Capital Adequacy Ratios: | ||||||
| Tier I (%) - Minimum Requirement 5% | Over 8% | 12.93 |
13.27 |
12.64 |
12.11 |
10.87 |
| Tier I & II (%) - Minimum Requirement 10% | Over 13% | 15.97 |
16.91 |
13.85 |
13.01 |
12.27 |
Non-Financial Indicators
| 2014 | 2013 | 2012 | 2011 | 2010 | ||
| Customers | Growth in No. of Deposits & Advances Accounts (%) | 2.14 |
7.26 |
12.19 |
8.93 |
7.55 |
| No. of Customer Touch Points | ||||||
| Branches - In Sri Lanka | 239 |
235 |
227 |
213 |
187 |
|
| Branches - In Bangladesh | 18 |
18 |
17 |
17 |
17 |
|
| ATMs - In Sri Lanka | 606 |
585 |
555 |
497 |
401 |
|
| ATMs - In Bangladesh | 19 |
19 |
17 |
17 |
13 |
|
| Employees | Total No. of employees | 4,852 |
4,730 |
4,602 |
4,524 |
4,321 |
| Average hours of training per employee per year | 27.24 |
32.54 |
22.59 |
25.48 |
22.22 |
|
| Employee turnover ratio (%) | 4.26 |
4.29 |
3.28 |
3.82 |
3.36 |
|
| Business Partners | Assets purchased (other than investments) (Rs. Mn.) | 1,164 |
1,077 |
997 |
1,150 |
831 |
| No. of Correspondent Banks | 48 |
48 |
47 |
47 |
47 |
|
| Government Institutions | Taxes to Governments (Rs. Mn.) | 7,355 |
6,110 |
6,184 |
4,542 |
6,515 |
| Taxes collected on behalf of Governments (Rs. Mn.) | 1,382 |
978 |
621 |
499 |
473 |
|
| Community | Donations (Rs. Mn.) | 55 |
51 |
51 |
110 |
57 |
Total Capital Adequacy Ratio - Group
Operating Highlights
