highlights – financial and non-financial
Financial Highlights
| GROUP | BANK | |||||
| 2016 | 2015 | Change % | 2016 | 2015 | Change % | |
| Results for the year (Rs. Bn.) | ||||||
| Gross income | 93.726 | 78.225 | 19.82 | 93.143 | 77.868 | 19.62 |
| Profit before Financial VAT and Taxation | 23.824 | 20.013 | 19.04 | 23.755 | 20.033 | 18.58 |
| Profit Before Taxation (PBT) | 20.115 | 17.136 | 17.38 | 20.051 | 17.144 | 16.96 |
| Income Tax Expenses | 5.648 | 5.277 | 7.03 | 5.539 | 5.240 | 5.71 |
| Profit After Taxation (PAT) | 14.466 | 11.859 | 21.98 | 14.513 | 11.903 | 21.93 |
| Revenue to the Governments | 9.436 | 10.772 | (12.40) | 9.385 | 10.682 | (12.14) |
| Gross Dividends | 5.794 | 5.700 | 1.65 | 5.794 | 5.700 | 1.65 |
| Position at the year end (Rs. Bn.) | ||||||
| Shareholders’ funds (Stated capital and reserves) | 78.992 | 70.964 | 11.31 | 78.354 | 70.341 | 11.39 |
| Due to other customers/deposits from customers | 743.311 | 624.021 | 19.12 | 739.563 | 624.102 | 18.50 |
| Gross loans and advances | 637.983 | 528.383 | 20.74 | 633.391 | 526.167 | 20.38 |
| Total assets | 1,020.984 | 882.183 | 15.73 | 1,012.201 | 879.805 | 15.05 |
| Information per Ordinary Share (Rs.) | ||||||
| Earnings (Basic) | 16.30 | 13.34 | 22.19 | 16.31 | 13.39 | 21.81 |
| Earnings (Diluted) | 16.27 | 13.32 | 22.07 | 16.27 | 13.37 | 21.69 |
| Dividends – Cash | – | – | – | 4.50 | 4.50 | – |
| Dividends – Shares | – | – | – | 2.00 | 2.00 | – |
| Net assets value | 88.68 | 80.93 | 9.58 | 87.97 | 80.22 | 9.66 |
| Market value at the year-end – Voting | N/A | N/A | – | 145.00 | 140.20 | 3.42 |
| Market value at the year-end – Non-Voting | N/A | N/A | – | 115.00 | 123.00 | (6.50) |
| Ratios | ||||||
| Return on average shareholders’ funds (%) | 19.29 | 16.68 | 2.61 | 19.52 | 16.90 | 2.62 |
| Return on average assets (%) | 1.52 | 1.41 | 0.11 | 1.53 | 1.42 | 0.11 |
| Price earnings (times) – Ordinary Voting Shares | N/A | N/A | 8.90 | 10.33 | (13.84) | |
| Price earnings (times) – Ordinary Non-Voting Shares | N/A | N/A | 7.06 | 9.06 | (22.08) | |
| Year-on-year growth in earnings (%) | 21.98 | 5.48 | 16.50 | 21.92 | 6.47 | 15.45 |
| Dividend yield (%) – Ordinary Voting Shares | N/A | N/A | 4.48 | 4.64 | (0.16) | |
| Dividend yield (%) – Ordinary Non-Voting Shares | N/A | N/A | 5.65 | 5.28 | 0.37 | |
| Dividend cover on Ordinary Shares (times) | N/A | N/A | 2.20 | 2.09 | 19.62 | |
| Statutory Ratios: | ||||||
| Liquid assets (%) – Minimum requirement 20% | N/A | N/A | – | 27.41 | 27.72 | (0.31) |
| Capital adequacy ratios: (Under Basel II) | ||||||
| Tier I (%) – Minimum requirement 5% | 11.59 | 11.55 | 0.04 | 11.56 | 11.60 | (0.04) |
| Tier I & II (%) – Minimum requirement 10% | 16.01 | 14.28 | 1.73 | 15.89 | 14.26 | 1.63 |
Financial Goals and Achievements – Bank
| Financial Indicator | Goal | Achievement | ||||
| 2016 | 2015 | 2014 | 2013 | 2012 | ||
| Return on average assets (ROA) (%) | Over 2% | 1.53 | 1.42 | 1.60 | 1.87 | 2.12 |
| Return on average shareholders’ funds (%) | Over 20% | 19.52 | 16.90 | 17.01 | 18.40 | 20.96 |
| Growth in income (%) | Over 20% | 19.62 | 7.03 | 0.96 | 15.40 | 38.25 |
| Growth in profit for the year | Over 20% | 21.92 | 6.47 | 7.03 | 3.44 | 28.10 |
| Growth in total assets (%) | Over 20% | 15.05 | 10.58 | 31.29 | 18.54 | 15.95 |
| Dividend per share (DPS) (Rs.) | Over Rs.5.00 | 6.50 | 6.50 | 6.50 | 6.50 | 6.50 |
| Capital Adequacy Ratios: (Under Basel II) | ||||||
| Tier I (%) – Minimum requirement 5% | Over 10% | 11.56 | 11.60 | 12.93 | 13.27 | 12.64 |
| Tier I & II (%) – Minimum requirement 10% | Over 14% | 15.89 | 14.26 | 15.97 | 16.91 | 13.85 |
Non-Financial Highlights
| GRI Indicator | 2016 | 2015 | Unit of Measure | Page Reference | |
| Financial and Manufactured Capital | |||||
| EC1 | Direct economic value: | ||||
| Generated | 93,143 | 77,868 | Rs. Mn. | ||
| Distributed to: | 81,705 | 66,580 | Rs. Mn. | ||
| - Depositors | 47,915 | 35,685 | Rs. Mn. | ||
| - Employees | 10,794 | 10,181 | Rs. Mn. | ||
| - Business Partners | 7,772 | 4,127 | Rs. Mn. | ||
| - Government | 9,368 | 10,824 | Rs. Mn. | ||
| - Shareholders | 5,794 | 5,700 | Rs. Mn. | ||
| - Community | 62 | 63 | Rs. Mn. | ||
| Depreciation/Impairment charge | 2,719 | 5,085 | Rs. Mn. | ||
| Retained | 8,719 | 6,203 | Rs. Mn. | ||
| Economic Value Added | 5,130 | 8,256 | Rs. Mn. | ||
| Social and Network Capital | |||||
| FS7 | Funds disbursed to SMEs, Agri businesses, Micro financing | 272,914 | 260,407 | Rs. Mn. | 85 |
| EC8 | Financial literacy and Capacity building programmes | 85 | |||
| - No. of programmes | 7 | 15 | Nos. | ||
| - No. of participants | 873 | 1,822 | Nos. | ||
| Penetration rate outside principle province | 12 | 13 | % | ||
| FS9 | Coverage and frequency of audits | 55 | |||
| - Onsite audits | 363 | 265 | Nos. | ||
| - Online audits | 157 | 216 | Nos. | ||
| SO5 | Number of alerts reported to FIU of the CBSL | 15 | 21 | Nos. | 55 |
| SO8 | Non-compliance with laws and regulations | ||||
| - Monetary value | – | – | Rs. ’000s | ||
| - No. of monetary sanctions | Nil | Nil | Nos. | ||
| LA14/HR10/EN32 | Percentage of new suppliers screened for social and environmental impacts | 100 | 100 | % | 59 |
| Intellectual Capital | |||||
| Brand Value | 24,027 | 26,878 | Rs. Mn. | ||
| Employees with a period of service over 15 years | 22.08 | 23.85 | % | ||
| Human Capital | |||||
| G4-10 | Total Employees | 4,987 | 4,951 | Nos. | 70 |
| LA1 | New employee hires | 5.43 | 4.97 | % | 71 |
| Attrition Rate | 4.61 | 4.67 | % | 73 | |
| LA3 | Return to work after maternity leave | 95.38 | 100.00 | % | 74 |
| LA9 | Average training hours | 72 | |||
| - Male | 24.79 | 25.82 | Hours | ||
| - Female | 19.74 | 19.59 | Hours | ||
| LA10 | Skill development programmes | 14,650 | 10,581 | Hours | 72 |
| LA11 | Percentage of employees receiving performance evaluations | 100 | 100 | % | 74 |
| LA13 | Remuneration ratio women to men | 74 | |||
| - Corporate Management | 1 : 0.95 | 1 : 0.94 | X:Y | ||
| - Executive Officers | 1 : 1.10 | 1 : 1.09 | X:Y | ||
| - Junior Executive Assistants and Allied Grades | 1 : 1.08 | 1 : 1.10 | X:Y | ||
| - Banking and Graduate Trainees | 1 : 1.01 | 1 : 1.04 | X:Y | ||
| - Office Assistants and Other | 1 : N/A | 1 : N/A | X:Y | ||
| Natural Capital | |||||
| EN6 | Energy Consumption | 56,359 | 55,877 | Gigajoules | 79 |
| EN23 | Waste Disposal | 79 | |||
| - e-waste (CO2 emission offset) | 163,708 | Nil | Kg | ||
| - Paper | 98,155 | 130,334 | Kg | ||
| FS8 | Loan disbursements for renewable energy projects | ||||
| - Wind | – | 1,835 | Rs. Mn. | 78 | |
| - Solar | 495 | – | Rs. Mn. | ||
| - Hydro | 428 | 876 | Rs. Mn. | ||
| - Bio-mass | 126 | 131 | Rs. Mn. | ||