Pushing the Pace in
a Resurgent Sri Lanka
a Resurgent Sri Lanka
| BANK | GROUP | |||||
| 2014 LKR ’000 |
2013 LKR ’000 |
Change % |
2014 LKR ’000 |
2013 LKR ’000 |
Change % |
|
| Operating results for the year | ||||||
| Gross income | 24,961,945 | 29,656,420 | (16) | 26,204,626 | 25,303,305 | 4 |
| Operating profit before tax on financial services | 5,786,773 | 9,682,512 | (40) | 6,526,732 | 4,724,401 | 38 |
| Taxation | 2,368,709 | 1,959,276 | 21 | 2,378,034 | 2,061,393 | 15 |
| Profit after tax | 3,418,064 | 7,723,236 | (56) | 4,245,972 | 2,712,228 | 57 |
| Profit attributable to shareholders | 3,418,064 | 7,723,236 | (56) | 4,133,932 | 2,641,925 | 56 |
| Gross dividends for the year | 1,815,963 | 1,648,489 | 10 | 1,815,963 | 1,648,489 | 10 |
| Revenue to government | 2,241,816 | 1,764,828 | 27 | 2,272,691 | 1,871,263 | 21 |
| Assets and liabilities | ||||||
| Customer deposits | 151,823,715 | 129,830,029 | 17 | 151,485,201 | 129,421,813 | 17 |
| Loans and receivables | 180,500,550 | 141,650,632 | 27 | 180,561,253 | 141,710,813 | 27 |
| Total assets | 262,729,146 | 201,258,628 | 31 | 269,129,605 | 206,817,121 | 30 |
| Total liabilities | 240,490,954 | 181,638,150 | 32 | 240,331,186 | 181,455,467 | 32 |
| Shareholders’ funds | 22,238,192 | 19,620,478 | 13 | 27,875,773 | 24,513,806 | 14 |
| Profitability (%) | ||||||
| Net interest margin | 3.31 | 3.74 | (12) | 3.33 | 3.68 | (10) |
| Cost to income ratio | 45.53 | 31.16 | 46 | 45.59 | 48.18 | (5) |
| Non-performing loans ratio | 2.51 | 2.48 | 1 | 2.51 | 2.48 | 1 |
| Return on assets | 1.47 | 4.24 | (65) | 1.74 | 1.39 | 25 |
| Return on equity | 16.33 | 44.69 | (63) | 15.78 | 10.7 | 47 |
| Total leverage (times) | 11.81 | 10.26 | 15 | 9.65 | 8.44 | 14 |
| Investor information (LKR) | ||||||
| Net asset value per share | 134.70 | 119.13 | 13 | 169.35 | 148.85 | 14 |
| Market value per share - as at 31 December | 250.00 | 160.50 | 56 | 250.00 | 160.50 | 56 |
| Earnings per share - basic | 20.72 | 46.96 | (56) | 25.14 | 16.48 | 53 |
| Earnings per share - diluted | 20.70 | 46.95 | (56) | 25.11 | 16.47 | 52 |
| Price earnings (times) | 12.07 | 3.42 | 253 | 9.95 | 9.74 | 2 |
| Dividend per share | 11.00 | 10.00 | 10 | – | – | – |
| Dividend cover (times) | 1.88 | 4.70 | (60) | 2.29 | 1.65 | 39 |
| Dividend yield (%) | 4.40 | 6.23 | (29) | 4.40 | 6.23 | (29) |
| Regulatory ratios (%) | ||||||
| Tier I - (minimum ratio of 5%) | 10.09 | 12.05 | (16) | 12.92 | 15.15 | (15) |
| Tier I & II - (minimum ratio of 10%) | 14.68 | 17.87 | (18) | 17.55 | 21.04 | (17) |
| Statutory liquid asset ratio | ||||||
| DBU | 23.85 | 26.22 | (9) | – | – | – |
| FCBU | 25.18 | 26.06 | (3) | – | – | – |
* The financial highlights for the year 2013 include a one-off equity income earned by the Bank amounting to LKR 6,031 million.
| Goals | Achievements | |||||
| Financial indicators - Bank | 2014* | 2013* | 2012 | 2011 | 2010 | |
| Return on assets (%) | Over 1.6% | 1.47 | 1.14 | 1.94 | 1.50 | 1.52 |
| Return on equity (%) | Over 18% | 16.33 | 14.38 | 21.17 | 15.01 | 13.47 |
| Growth in total operating income (%) | Over 20% | 19.00 | 11.55 | 31.00 | 15.45 | (5.41) |
| Growth in profit after taxation (%) | Over 25% | 64.00 | (29.00) | 60.00 | 31.52 | (6.30) |
| Growth in total assets (%) | Over 20% | 31.00 | 23.00 | 18.00 | 31.61 | 8.00 |
| Dividend per share (LKR) | Over 10.00 | 11.00 | 10.00 | 15.00 | 7.50 | 8.50 |
| Capital adequacy ratios: | ||||||
| Tier I (%) - Minimum requirement 5% | Over 8% | 10.09 | 12.05 | 11.14 | 9.98 | 12.72 |
| Tier I & II (%) - Minimum requirement 10% | Over 13% | 14.68 | 17.87 | 12.38 | 11.26 | 14.76 |
* The above achievements are presented excluding the one-off equity income of LKR 6,031 million for the year 2013.
| 2014 | 2013 | ||
| Investors | Total shareholder return (%) | 63 | 31 |
| Market capitalization rank at the Colombo Stock Exchange | 16 | 20 | |
| Customers | Growth in number of deposits and advances accounts (%) | 17 | 19 |
| Number of customer touch points | |||
| - Branches | 83 | 78 | |
| - ATMs | 83 | 74 | |
| Employees | Total number of employees | 1,744 | 1,583 |
| Average hours of training per employee per year | 7.7 | 7.9 | |
| Employee attrition rate (%) | 6.6 | 4.9 | |
| Business partners | Number of correspondent relationships | 64 | 62 |
| Government | Taxes paid to the government (LKR million) | 2,241 | 1,765 |
| Community | Donations (LKR million) | 12.5 | 14.4 |
The sole global awardee at The Banker’s Financial Inclusion Award 2014 held in UK, for the Cinnamon to the World project
Successfully raised USD 200 million via syndication loan facilities, to be infused primarily to the SME sector of the country
Opened the Bank’s first ever digitized branch at the Kandy City Centre
Euromoney magazine of UK picked NDB Investment Bank Ltd. Sri Lanka & NDB Capital Ltd. Bangladesh as top winners for investment Banking in the respective countries in 2014
The Bank was the awardee for Excellence in Core Banking Technology at the 5th Annual Retail Banker International Asia Trailblazer Awards
Group operations expanded with the launch of The Emerald Sri Lanka Fund, the largest private equity fund dedicated to Sri Lanka