Slide 1: Financial Results – December 2015 Investors Presentation
Financial Results – December 2015 Investors Presentation 0
Slide 2: Key Highlights
Key Highlights Consolidated PBT is Rs 60.3 Bn, higher by 25% over 2014. PAT is Rs 35.1 Bn, up 11% Net interest income has increased by 14% to Rs 78.2 Bn • Average balance sheet has grown by 21% over 2014 • Average domestic current deposits are up 24% YoY • Significant expansion in PIB volumes (up 74
Slide 3: Key Highlights
Key Highlights Administrative expenses are up 17% to Rs 48.4 Bn • The rise is primarily in IT and marketing spend, higher rent and maintenance costs and normal salary increases. • However, cost to income ratio has improved to 42.2% in 2015 (2014: 44.8%) as a result of significant growth in revenue P
Slide 4: Key Highlights
Key Highlights In Dec’15, the Balance Sheet has grown by 19% over Dec’14 to Rs 2.2 trillion Deposits increased to Rs 1.6 trillion, up 7% from Dec’14 • Current deposits grew by 15% to Rs 600Bn, current account mix now at 36.7% (Dec’14: 34.2%) • Domestic average current deposits are Rs 75 Bn (24%) hig
Slide 5: Balance Sheet
Balance Sheet PKR Bln Dec'14 Dec'15 Var% Cash & Bank Balances 202.6 207.7 3% Lending to Financial Institutions 34.3 44.3 29% Investments 922.7 1,244.9 35% Performing Advances 581.9 625.8 8% Non Performing advances - net of provision 13.3 7.6 -43% Others 109.8 88.1 -20% Total Assets 1,864.6 2,218.4 1
Slide 6: Net Advances and Coverage Ratio
Net Advances Loan portfolio composition by line of business International Advances – Location wise Others 13.4% International 25.1% Corporate Mauritius 47.8% 2.6% UAE Bangladesh 41.9% 3.8% Net loans: Bahrain Net loans: 8.3% Others PKR633Bn PKR159Bn 4.0% Oman Consumer 7.1% 4.7% Agriculture 4.7% Singa
Slide 7: Deposits
Deposits Growth in Period End Deposits Growth Growth in inAverage Average Deposits Deposits PKR Bln Dec 14 Dec 15 Var% Sep 15 Var% PKR Bln 2014 2015 Var% Current 314.2 388.7 24% Current 395.3 469.7 19% 420.0 12% Saving 581.1 661.6 14% Saving 619.4 701.5 13% 684.6 2% Term 235.8 208.5 -12% Term 241.6
Slide 8: Income Statement
Income Statement PKR Bn 2015 2014 Var% Interest Income 144.2 137.4 5% Interest expensed (66.1) (68.8) 4% Net Interest Income 78.2 68.6 14% Non Interest Income 36.6 23.4 56% Gross Revenue 114.8 92.0 25% Admin Expenses (48.4) (41.3) -17% Operating Expenses (49.7) (42.2) -18% Pre Provision Operating Pr
Slide 9: Non Fund Income
Non Fund Income PKR Mln 2015 2014 Var% Fee, commission and brokerage income 17,089 13,980 22% Gain on sale of securities 11,060 1,462 656% Share of profit of associates and joint venture 3,399 3,267 4% Dividend income 1,543 897 72% Income from dealing in foreign currencies 2,749 2,847 -3% Other inco
Slide 10: Key Ratios
Key Ratios Ratios Dec'14 Dec'15 Advances : Deposits 43.4% 43.0% Asset Quality 12.0% 10.9% Coverage 83.2% 90.1% Capital Adequacy 16.2% 17.0% Ratios FY'14 FY'15 Yield on advances 9.8% 8.4% Cost of deposits 4.4% 3.2% Net Interest Margin 4.8% 4.5% Return on average assets 1.8% 1.7% Return on shareholder
Slide 11: Non Branch Channels
Non Branch Channels 2,500 Number of ATMs ATM Transactions 1,947 2,000 1,582 Particulars 2014 2015 Var % 1,283 No. of ATMs 1,592 1,947 22.3% No. of ATMs 1,500 821 543 1,000 734 350 No. of Transactions (in million) 40.92 55.43 35.5% 503 97 500 41 933 1,039 1,126 Total Cash withdrawal (PKR million) 343