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GROUP |
BANK |
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| For the year ended December 31, | Note | 2023 Rs. ’000 |
2022 Rs. ’000 |
Change % |
2023 Rs. ’000 |
2022 Rs. ’000 |
Change % |
| Gross income | 12 | 341,566,200 | 280,386,944 | 21.82 | 335,770,196 | 275,443,682 | 21.90 |
| Interest income | 13.1 | 297,645,866 | 222,393,079 | 33.84 | 292,618,360 | 218,326,576 | 34.03 |
| Less: Interest expense | 13.2 | 211,230,507 | 137,727,868 | 53.37 | 209,514,795 | 136,582,546 | 53.40 |
| Net interest income | 13 | 86,415,359 | 84,665,211 | 2.07 | 83,103,565 | 81,744,030 | 1.66 |
| Fee and commission income | 14.1 | 30,653,212 | 26,191,530 | 17.03 | 29,704,104 | 25,463,976 | 16.65 |
| Less: Fee and commission expense | 14.2 | 8,265,893 | 6,022,429 | 37.25 | 8,145,910 | 5,972,708 | 36.39 |
| Net fee and commission income | 14 | 22,387,319 | 20,169,101 | 11.00 | 21,558,194 | 19,491,268 | 10.60 |
| Net gains/(losses) from trading | 15 | (12,481,613) | 35,297,450 | (135.36) | (12,481,613) | 35,297,450 | (135.36) |
| Net gains/(losses) from derecognition of financial assets |
16 | 5,060,242 | 276,884 | 1,727.57 | 5,060,242 | 276,884 | 1,727.57 |
| Net other operating income | 17 | 20,688,493 | (3,771,999) | 648.48 | 20,869,103 | (3,921,204) | 632.21 |
| Total operating income | 122,069,800 | 136,636,647 | (10.66) | 118,109,491 | 132,888,428 | (11.12) | |
| Less: Impairment charges and other losses | 18 | 38,895,070 | 71,924,260 | (45.92) | 38,623,739 | 71,461,622 | (45.95) |
| Net operating income | 83,174,730 | 64,712,387 | 28.53 | 79,485,752 | 61,426,806 | 29.40 | |
| Less: Expenses | |||||||
| Personnel expenses | 19 | 22,824,913 | 19,788,283 | 15.35 | 21,971,734 | 19,112,546 | 14.96 |
| Depreciation and amortisation | 20 | 4,335,640 | 3,598,371 | 20.49 | 4,283,566 | 3,563,476 | 20.21 |
| Other operating expenses | 21 | 17,129,279 | 12,895,587 | 32.83 | 16,388,900 | 12,260,183 | 33.68 |
| Total operating expenses | 44,289,832 | 36,282,241 | 22.07 | 42,644,200 | 34,936,205 | 22.06 | |
| Operating profit before taxes on financial services |
38,884,898 | 28,430,146 | 36.77 | 36,841,552 | 26,490,601 | 39.07 | |
| Less: Taxes on financial services | 22 | 4,961,392 | 3,921,381 | 26.52 | 4,961,392 | 3,892,216 | 27.47 |
| Operating profit after taxes on financial services |
33,923,506 | 24,508,765 | 38.41 | 31,880,160 | 22,598,385 | 41.07 | |
| Share of profit/(loss) of associate, net of tax | 37.1 | 3,495 | (3,727) | 193.78 | – | – | – |
| Profit before tax | 33,927,001 | 24,505,038 | 38.45 | 31,880,160 | 22,598,385 | 41.07 | |
| Less: Income tax expense/(reversal) | 23 | 12,027,341 | 105,566 | 11,293.20 | 11,419,198 | (371,406) | 3,174.59 |
| Profit for the year | 21,899,660 | 24,399,472 | (10.25) | 20,460,962 | 22,969,791 | (10.92) | |
| Profit attributable to: | |||||||
| Equity holders of the Bank | 21,114,675 | 23,811,914 | (11.33) | 20,460,962 | 22,969,791 | (10.92) | |
| Non-controlling interest | 56 | 784,985 | 587,558 | 33.60 | – | – | – |
| Profit for the year | 21,899,660 | 24,399,472 | (10.25) | 20,460,962 | 22,969,791 | (10.92) | |
| Earnings per share | |||||||
| Basic earnings per ordinary share (Rs.) | 24.1 | 16.07 | 18.13 | (11.36) | 15.57 | 17.49 | (10.98) |
| Diluted earnings per ordinary share (Rs.) | 24.1 | 16.06 | 18.13 | (11.42) | 15.56 | 17.49 | (11.03) |
The Notes to the Financial Statements 1 to 68 form an integral part of these Financial Statements.