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My Report
Table – 01
GROUP |
BANK |
|||||
2023 | 2022 | Change (%) |
2023 | 2022 | Change (%) |
|
Results for the year – (Rs. Bn.) | ||||||
Gross income | 341.566 | 280.387 | 21.82 | 335.770 | 275.444 | 21.90 |
Operating profit before taxes on financial services | 38.885 | 28.430 | 36.77 | 36.842 | 26.491 | 39.07 |
Taxes on financial services | 4.961 | 3.921 | 26.52 | 4.961 | 3.892 | 27.47 |
Profit before taxation (PBT) | 33.927 | 24.505 | 38.45 | 31.880 | 22.598 | 41.07 |
Income tax expense/(reversal) | 12.027 | 0.106 | 11,293.20 | 11.419 | (0.371) | 3,174.59 |
Profit after tax (PAT) | 21.900 | 24.399 | (10.25) | 20.461 | 22.970 | (10.92) |
Gross dividends | 8.542 | 5.579 | 53.11 | 8.542 | 5.579 | 53.11 |
Position at the year end – (Rs. Bn.) | ||||||
Shareholders’ funds | 220.471 | 208.865 | 5.56 | 214.931 | 203.699 | 5.51 |
Financial liabilities at amortised cost – due to depositors | 2,147.907 | 1,977.744 | 8.60 | 2,085.046 | 1,914.359 | 8.92 |
Financial assets at amortised cost – loans and advances to other customers (Gross) | 1,295.751 | 1,246.170 | 3.98 | 1,265.559 | 1,219.667 | 3.76 |
Total assets | 2,655.612 | 2,499.554 | 6.24 | 2,580.328 | 2,425.798 | 6.37 |
Information per Ordinary Share (Rs.) | ||||||
Earnings (Basic) | 16.07 | 18.13 | (11.36) | 15.57 | 17.49 | (10.98) |
Earnings (Diluted) | 16.06 | 18.13 | (11.42) | 15.56 | 17.49 | (11.03) |
Dividends – Cash | – | – | – | 4.50 | – | 100.00 |
Dividends – Shares | – | – | – | 2.00 | 4.50 | (55.56) |
Net assets value | 167.77 | 168.47 | (0.42) | 163.55 | 164.30 | (0.46) |
Market value at the year end – Voting | N/A | N/A | – | 95.50 | 50.20 | 90.24 |
Market value at the year end – Non-voting | N/A | N/A | – | 80.40 | 41.30 | 94.67 |
Key financial ratios | ||||||
Return on average assets (ROA) – After tax (%) | 0.85 | 1.09 | (0.24) | 0.82 | 1.05 | (0.23) |
Return on average shareholders’ funds (ROE) – After tax (%) | 10.20 | 12.97 | (2.77) | 9.78 | 12.46 | (2.68) |
Financial intermediation margin (%) | N/A | N/A | – | 13.41 | 12.59 | 0.82 |
Total impairment provision as a % of gross loans and advances (%) | 7.01 | 7.28 | (0.27) | 7.05 | 7.32 | (0.27) |
Cost of credit risk on loans and advances (%) | 0.48 | 1.79 | (1.31) | 0.45 | 1.80 | (1.35) |
Impaired loans (Stage 3) ratio (%) | – | – | – | 5.85 | 5.25 | 0.60 |
Impairment (Stage 3) to stage 3 loans ratio (%) | – | – | – | 43.22 | 39.60 | 3.62 |
Price earnings – ordinary voting shares – (times) | N/A | N/A | – | 6.13 | 2.87 | 3.26 |
Dividend yield – ordinary voting shares (%) | N/A | N/A | – | 6.81 | 8.96 | (2.15) |
Dividend cover on ordinary shares (times) | N/A | N/A | – | 2.40 | 3.89 | (1.49) |
Statutory ratios | ||||||
Liquid assets ratio (minimum requirement – 20%) | ||||||
Consolidated (Sri Lankan operations) | N/A | N/A | – | 46.06 | 35.88 | 10.18 |
Capital adequacy ratios (under Basel III) (%) | ||||||
Common equity tier I capital ratio (minimum requirement – 8.500%) | 11.513 | 11.341 | 0.172 | 11.442 | 11.389 | 0.053 |
Tier I capital ratio (minimum requirement – 10.000%) | 11.513 | 11.341 | 0.172 | 11.442 | 11.389 | 0.053 |
Total capital Ratio (minimum requirement – 14.000%) | 15.090 | 14.507 | 0.583 | 15.151 | 14.657 | 0.494 |
Liquidity coverage ratio (%) | ||||||
Rupee – (minimum requirement – 2023 – 100%, 2022 – 90%) | N/A | N/A | – | 491.61 | 405.91 | 85.70 |
All currency – (minimum requirement – 2023 – 100%, 2022 – 90%) | N/A | N/A | – | 516.27 | 293.91 | 222.36 |
Net stable funding ratio – (minimum requirement – 2023 – 100%, 2022 – 90%) | N/A | N/A | – | 193.70 | 173.58 | 20.12 |
Gearing ratio (%) | ||||||
Leverage ratio (minimum requirement – 3%) | 5.29 | 5.66 | (0.37) | 5.10 | 5.56 | (0.46) |
Financial Goals and Achievements – Bank
Financial Indicator | Goal | Achievement | ||||
2023 | 2022 | 2021 | 2020 | 2019 | ||
Return on average assets (ROA) – After Tax (%) | Over 2% | 0.82 | 1.05 | 1.28 | 1.05 | 1.27 |
Return on average shareholders’ funds (ROE) – After Tax (%) | Over 20% | 9.78 | 12.46 | 14.66 | 11.28 | 13.54 |
Growth in gross income (%) | Over 20% | 21.90 | 71.20 | 7.46 | 0.68 | 7.72 |
Growth in profit after tax for the year (%) | Over 20% | (10.92) | (2.70) | 44.17 | (3.83) | (2.96) |
Growth in total assets (%) | Over 20% | 6.37 | 24.45 | 12.27 | 25.15 | 6.43 |
Dividend per share (DPS) (Rs.) | Over Rs. 5.00 | 6.50 | 4.50 | 7.50 | 6.50 | 6.50 |
Capital Adequacy Ratios | ||||||
Common Equity Tier I Capital Ratio (Minimum Requirement – 8.500%) | 2% buffer over the regulatory minimum requirement | 11.442 | 11.389 | 11.923 | 13.217 | 12.298 |
Tier I Capital Ratio (Minimum Requirement – 10.000%) | 11.442 | 11.389 | 11.923 | 13.217 | 12.298 | |
Total Capital Ratio (Minimum Requirement – 14.000%) | 15.151 | 14.657 | 15.650 | 16.819 | 16.146 |