Union Bank Of Colombo Plc · CSELK:UBC.N0000
Union Bank Of Colombo — Q1 2024 Earnings Presentation
14 slides from Union Bank Of Colombo's earnings presentation, May 2024
Slide 1: Investor Presentation March 2024
Investor Presentation March 2024 Classification: Public
Slide 2: Vision
Vision Vision: “Our Vision is to be the innovator of Banking Solutions to the wider Corporate, SME and Retail Segments and to be their Bank of choice, through professional and empowered people”. Mission: ▪ To our customers we provide the means of economic upliftment through customized banking and fi
Slide 3: Union Bank 1Q2024 reflects strong credit growth and brand investment
Union Bank 1Q2024, reflects strong credit growth and brand investment. Bank Income Statement (Rs.Mn) 1Q 2024 1Q 2023 Growth % Net i nteres t i ncome 1,362 1,622 -16% Net fee a nd commi s s i on i ncome 276 321 -14% Net Tra di ng a nd other Opera ting i ncome 231 121 91% Total operating income 1,869
Slide 4: Net Interest Income and Fees
Net Interest Income and Fees Net Interest Income ( Rs Mn) Gross Fees & Commission ( Rs Mn) 420 1,622 371 1,362 318 1,091 266 271 1,031 254 1,013 985 224 853 191 767 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 Net Interest Income Margin (NIM) is 4.07 %
Slide 5: Other income and Operating expenses
Other income and Operating expenses Operating Expenses ( Rs Mn) Net Trading & Other Income ( Rs Mn) 1,294 1,213 320 309 267 1,001 983 938 955 907 231 221 771 136 121 78 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 • Net trading and other income increase
Slide 6: Operating Margin
Operating Margin 900 Operating Income (Rs.Mn) 800 1,869 CAGR 700 9% 600 1,011 500 400 300 1Q 17 1Q24 200 100 0 Operating Expenses 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 (Rs.Mn) CAGR 1,294 8% 771 • Total operating income experienced a reduction of 9% to LKR 1,869 Mn. compared to the correspond
Slide 7: Impairment Provision decreased by 34.3% YoY
Impairment Provision decreased by 34.3% YoY Impairment Charge (Rs.Mn) 450 288 295 196 109 93 93 51 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 Impairment Charge decreased by 34.3% YoY • Impairments was LKR 295.3 Mn, reflecting a reduction due to improved collections. Classification: Public
Slide 8: Balance Sheet - Bank
Balance Sheet - Bank Bank Balance Sheet (Rs.Mn) 1Q 2024 2023 YE Growth % Net Loans ( Rs Mn) Trea s ury As s ets 48,841 64,216 -24% Loa ns & Adva nces 66,743 62,208 7% CAGR Ca s h & Ba l a nce wi th CB 3,843 3,666 5% 1% 66,743 Other As s ets 9,108 8,998 1% Total Assets 128,535 139,088 -8% 25,442 Borr
Slide 9: Strong CASA and Deposits
Strong CASA and Deposits Deposits (Rs.Mn) Net Loans (Rs Mn) 91,226 90,250 91,489 83,924 83,829 76,344 78,266 75,479 71,609 77,897 70,736 66,743 69,038 61,168 62,978 57,200 43,259 42,598 29,258 29,711 29,805 25,442 1Q 14 1Q 15 1Q 16 1Q 17 1Q 18 1Q 19 1Q 20 1Q 21 1Q 22 1Q23 1Q24 1Q 14 1Q 15 1Q 16 1Q 1
Slide 10: Strong Total Capital Adequacy ratio of 16.85%
Strong Total Capital Adequacy ratio of 16.85% • Capital Adequacy Ratio - The Bank continued to maintain high capital adequacy ratios. - The Tier I Capital Adequacy Ratio as at 31st March 2024 was 15.88% - well above the minimum statutory requirement of 8.5% - The total capital ratio as at end 31st M
Slide 11: Income Statement - Group
Income Statement - Group Income Statement (Rs.Mn) 1Q 2024 1Q 2023 Growth % Net i nteres t i ncome 1,540 1,878 -18% Net fee a nd commi s s i on i ncome 301 343 -12% Net Tra di ng a nd other Opera ti ng i ncome 250 141 78% Total operating income 2,091 2,362 -11% Impa i rment Cha rges 278 482 -42% Oper
Slide 12: Balance Sheet - Group
Balance Sheet - Group Group Balance Sheet (Rs.Mn) 1Q 2024 2023 YE Growth % Trea s ury As s ets 51,055 66,800 -24% Loa ns & Adva nces 74,514 69,559 7% Ca s h & Ba l a nce wi th CB 4,024 3,815 5% Other As s ets 7,462 7,159 4% Total Assets 137,055 147,332 -7% Borrowi ngs 14,088 28,873 -51% Cus tomer De
Slide 13: Key Performance Indicators
Key Performance Indicators BANK GROUP Item 31 Mar 2024 31 Dec 2023 31 Mar 2024 31 Dec 2023 Regulatory Capital - LKR '000 Common Equity Tier 1 (Basel III) 14,496,565 14,543,446 16,558,040 16,573,032 Tier 1 Capital / Core Capital (Basel III) 14,496,565 14,543,446 16,558,040 16,573,032 Total Capital /
Slide 14: Corporate Information
Corporate Information Name Title Legal Form Nirvana Chaudhary Chairman - Non Independent/Non-Executive Director Trevine Fernandopulle Deputy Chairman/Senior Independent Director (Independent, Non-Executive Director) A Public Limited Liability Company incorporated in Indrajit Wickramasinghe Executive
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