Highlights

 

Financial Highlights

Bank Group
2016 2015 Change 2016 2015 Change
LKR '000 LKR '000 % LKR '000 LKR '000 %
Operating results for the year    
Gross income 33,281,736 25,855,311 29 33,776,905 26,915,863 25
Operating profit before tax on financial services 5,335,004 5,447,875 (2) 5,093,546 5,715,283 (11)
Taxation 2,164,733 1,936,444 12 2,278,587 2,123,006 7
Profit for the year 3,170,271 3,511,431 (10) 2,814,959 3,670,095 (23)
Profit attributable to equity holders of the parent 3,170,271 3,511,431 (10) 2,691,014 3,542,040 (24)
Gross dividends for the year 1,321,484 1,816,841 (27) 1,321,484 1,816,841 (27)
Revenue to government 2,219,013 2,572,872 (14) 2,416,656 2,862,048 (16)
Assets and liabilities    
Due to other customers 203,866,547 184,933,230 10 203,515,828 184,152,280 11
Loans and receivables 227,676,876 209,704,701 9 227,716,971 209,768,193 9
Total assets 334,544,735 309,157,605 8 340,731,768 315,353,733 8
Total liabilities 309,799,685 286,456,747 8 309,718,472 285,953,016 8
Total equity to equity holders of the Bank 24,745,050 22,700,858 9 29,936,587 28,382,204 5
Profitability (%)    
Net interest margin 2.64 2.63 0 2.70 2.67 1
Non-performing loans ratio 2.63 2.43 8 2.63 2.43 8
Return on assets 0.99 1.23 (20) 0.82 1.21 (32)
Return on equity 13.36 15.63 (15) 9.23 12.59 (27)
Total leverage (times) 13.52 13.62 (1) 11.38 11.11 2
Cost to income ratio 49.04 49.55 (1) 52.34 51.39 2
Investor Information (LKR)    
Net asset value per share 149.80 137.44 9 181.23 172.35 5
Market value per share – as at 31 December 156.00 194.10 (20) NA NA –
Earnings per share – basic 19.19 21.26 (10) 16.29 21.51 (24)
Earnings per share – diluted 19.19 21.26 (10) 16.29 21.51 (24)
Price earnings (times) 8.13 9.13 (11) NA NA –
Dividend per share 8.00 11.00 (27) NA NA –
Dividend cover (times) 2.40 1.93 24 NA NA –
Dividend yield (%) 5.13 5.67 (10) NA NA –
Market capitalisation (LKR' 000) 25,768,939 32,058,981 (20) NA NA –
Regulatory ratios (%)    
Capital adequacy ratios:    
Tier I – (minimum ratio of 5%) 9.31 8.51 9 11.55 11.07 4
Tier I & II – (minimum ratio of 10%) 12.95 12.59 3 15.27 15.25 0
Statutory liquid assets ratio:    
DBU 21.50 22.24 (3) N/A N/A –
FCBU 22.93 24.91 (8) N/A N/A –

Profitability & Growth

  • ROE of 13.36%
  • Loans and receivables growth of 9%
  • Due to other customers growth of 10%

Investor Information

  • Dividend per share of LKR 8/-
  • Market capitalization rank of 25 in the CSE

Regulatory ratios

  • CAR of 12.95%
  • Liquidity levels above 20%

 Financial Goals and Achievements

Goals Achievements
2016 2015 2014* 2013* 2012
LKR '000 LKR '000 LKR '000 LKR '000 LKR '000
Financial indicators – Bank    
Return on assets (%) Over 1.5% 0.99 1.23 1.47 1.14 1.94
Return on equity (%) Over 17% 13.36 15.63 16.33 14.38 21.17
Growth in total operating income (%) Over 20% 7.71 4.69 19.00 11.55 31.00
Growth in profit after taxation (%) Over 20% (9.72) 2.73 64.00 (29.00) 60.00
Growth in total assets (%) Over 20% 8.21 17.67 31.00 23.00 18.00
Dividend per share (LKR) Over 10 8.00 11.00 11.00 10.00 15.00
Capital adequacy ratios:  
Tier I (%) – Minimum requirement 5% Over 8% 9.31 8.51 10.09 12.05 11.14
Tier I & II (%) – Minimum requirement (10%) Over 13% 12.95 12.59 14.68 17.87 12.38

*The above achievements are presented excluding the one-off equity income of LKR 6,031 million for the year 2013.

Operational Highlights

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