Union Bank Of Colombo Plc · CSELK:UBC.N0000
Union Bank Of Colombo — FY2022 Earnings Presentation
14 slides from Union Bank Of Colombo's earnings presentation, December 2022
Slide 1: Investor Presentation
Investor Presentation December 2022 1 Classification: Internal
Slide 2: Vision and Mission
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 records strong revenue growth in FY2022 despite challenges
Union Bank records strong revenue growth in FY2022 despite challenges Bank Income Statement (Rs.Mn) FY 2021 FY 2022 Growth % Net i nteres t i ncome 4,257 5,814 37% Net fee a nd commi s s i on i ncome 860 1,143 33% Net Tra di ng a nd other Opera ting i ncome 778 793 2% Total operating income 5,895 7,
Slide 4: Net Interest Income increased by 36.6% YoY
Net Interest Income increased by 36.6% YoY Net Interest Income ( Rs Mn) Gross Fees & Commission ( Rs Mn) 1,445 5,814 1,069 1,054 4,479 968 4,257 873 3,652 3,870 783 3,046 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 Net Interest Income (NII) increased by 36.6 % YoY Net fee income incr
Slide 5: Other Operating Income Increased by 121% YoY
Other Operating Income Increased by 121% YoY Net trading and other income( Rs Operating Expenses ( Rs Mn) Mn) 4,269 1,318 3,729 3,830 3,772 3,680 3,345 800 778 793 656 686 2017 2018 2019 2020 2021 2022 2017 2018 2019 2020 2021 2022 • Operating Income increased by 121% as a result • Despite prudent c
Slide 6: Operating Margin increased by 57% YoY
Operating Margin increased by 57% YoY Operating Margin( Rs Mn) Operating Income 3,480 CAGR 7,750 16% 2,191 2,118 2,215 2,293 1,556 1,031 2014 2022 Operating Expenses 2017 2018 2019 2020 2021 2022 4,269 CAGR • Total operating income before impairments 13% increased by 31% to Rs. 7,749 Mn 1,639 • Tota
Slide 7: High Impairment Provision
High Impairment Provision Impairment Charge ( Rs Mn) 2,556 933 736 342 390 249 2017 2018 2019 2020 2021 2022 Impairment Charge increased by 174% YoY • As a result of the stresses stemming from the macroeconomic environment and further challenges to the settlement of loans due to continued pressures
Slide 8: Balance Sheet - Bank
Balance Sheet - Bank Bank Balance Sheet (Rs.Mn) FY 2021 FY 2022 Growth % Net Loans ( Rs Mn) Trea s ury As s ets 39,129 44,875 15% Loa ns & Adva nces 67,835 67,727 0% Ca s h & Ba l a nce wi th CB 3,815 8,002 110% CAGR 67,727 Other As s ets 7,627 8,880 16% 13% Total Assets 118,406 129,483 9% Borrowi n
Slide 9: Strong CASA and Deposit Growth
Strong CASA and Deposit Growth Deposits ( Rs Mn) Net Loans ( Rs Mn) 92,592 77,358 82,384 83,416 73,749 79,251 76,532 70,578 67,518 67,835 70,326 55,438 51,841 40,095 37,653 25,944 27,809 2014 2015 2016 2017 2018 2019 2020 2021 2014 2015 2016 2017 2018 2019 2020 2021 2022 CASA (Rs Mn) • Total deposit
Slide 10: Strong Total Capital Adequacy ratio of 18.26%
Strong Total Capital Adequacy ratio of 18.26% • Capital Adequacy Ratio - The Bank continued to maintain high capital adequacy ratios. - The Tier I Capital Adequacy Ratio as at 31st December 2022 was 17.15% - well above the statutory requirement of 8.5% - The total capital ratio as at end 31st Decemb
Slide 11: Income Statement - Group
Income Statement - Group Group Income Statement (Rs.Mn) FY 2021 FY 2022 Growth % Net i nteres t i ncome 5,185 6,762 30% Net fee a nd commi s s i on i ncome 968 1,214 25% Net Tra di ng a nd other Opera ti ng i ncome 835 870 4% Total operating income 6,988 8,845 27% Impa i rment Cha rges 1,137 2,970 1
Slide 12: Balance Sheet - Group
Balance Sheet - Group Group Balance Sheet (Rs.Mn) FY 2021 FY 2022 Growth % Net Loans ( Rs Mn) Trea s ury As s ets 39,142 45,371 16% Loa ns & Adva nces 75,304 76,103 1% 76,103 CAGR Ca s h & Ba l a nce wi th CB 3,963 8,187 107% 13% Other As s ets 5,684 7,018 23% Total Assets 124,093 136,679 10% 29,217
Slide 13: Key Performance Indicators
Key Performance Indicators BANK GROUP Item 31 Dec 2022 31 Dec 2021 31 Dec 2022 31 Dec 2021 Regulatory Capital - LKR '000 Common Equity Tier 1 (Basel III) 14,270,811 13,292,787 16,310,515 15,267,994 Tier 1 Capital / Core Capital (Basel III) 14,270,811 13,292,787 16,310,515 15,267,994 Total Capital /
Slide 14: Corporate Information
Corporate Information Board of Directors Legal Form Name Title A Public Limited Liability Company incorporated in Atul Malik Chairman/Non-Independent, Non-Executive Director Sri Lanka under the Companies Act No. 17 of 1982. Trevine Fernandopulle Deputy Chairman/Senior Independent Director Re-registe