Highlights
Group LKR Mn |
Based on SLFRS 9 | Based on LKAS 39 | |||
Year ended 31 December | 2021 | 2020 | 2019 | 2018 | 2017 |
Operating results | |||||
Total income | 43,029 | 43,604 | 43,648 | 39,448 | 35,987 |
Profit before tax | 4,859 | 3,944 | 3,308 | 4,676 | 5,891 |
Tax expense | 1,194 | 1,097 | 1,008 | 1,606 | 1,458 |
Profit attributable to equity holders of the Bank | 3,549 | 2,745 | 2,214 | 3,011 | 4,362 |
Statement of financial position | |||||
Assets | |||||
Cash and short-term funds | 26,383 | 28,063 | 14,326 | 17,331 | 21,390 |
Loans to and receivables from banks and other customers | 365,901 | 306,062 | 272,818 | 249,690 | 213,704 |
Financial investments | 81,226 | 120,932 | 108,171 | 100,580 | 91,707 |
Investments in associate and joint venture | 2,840 | 2,481 | 2,096 | 1,989 | 1,684 |
Other assets | 11,907 | 9,829 | 9,500 | 7,172 | 5,983 |
Total assets | 488,257 | 467,367 | 406,911 | 376,762 | 334,468 |
Liabilities | |||||
Due to depositors | 319,362 | 309,566 | 247,458 | 241,915 | 192,920 |
Due to other borrowers | 107,623 | 97,406 | 102,910 | 82,589 | 84,578 |
Other liabilities | 9,507 | 8,686 | 7,117 | 6,602 | 7,568 |
Total liabilities | 436,492 | 415,658 | 357,485 | 331,106 | 285,066 |
Equity | |||||
Total equity attributable to equity holders of the Bank | 51,448 | 51,426 | 49,163 | 45,398 | 49,125 |
Non-controlling interests | 317 | 283 | 263 | 258 | 277 |
Total equity and liabilities | 488,257 | 467,367 | 406,911 | 376,762 | 334,468 |
Return on equity, %* (PAT) | 7.45 | 6.16 | 5.32 | 7.70 | 12.08 |
Return on total assets, %* (PBT) | 1.02 | 0.91 | 0.59 | 0.88 | 1.47 |
Earnings per share, LKR | 11.17 | 9.00 | 7.62 | 11.36 | 16.45 |
Net asset value per share, LKR | 160.51 | 168.06 | 161.62 | 171.25 | 185.31 |
Capital adequacy | |||||
Common equity Tier I Capital ratio, % (Basel III) | 9.28 | 10.82 | 11.33 | 10.89 | 13.09 |
Tier I capital ratio, % (Basel III) | 9.28 | 10.82 | 11.33 | 10.89 | 13.09 |
Total capital ratio, % (Basel III) | 13.00 | 15.75 | 15.78 | 16.17 | 16.53 |
* After eliminating fair value reserve.
SUPPORTING AND EMPOWERING CUSTOMERS
- Launch of new product propositions targetting varying segments, Customer Contact Centre and Customer Experience Unit
- Launch of multi-channel internet and mobile enabled customer touch-points, upgrading digital apps for cashless and contactless transactions
- Relief packages during the pandemic, extension of debt moratoriums, concessionary loans for selected sectors, temporary overdrafts, import and export loans, extension of short term loans, overdrafts
STRATEGIC FOCUS ON SUSTAINABILITY
- Sustainability Policy supporting vision to be the most customer-centric, digitally enabled bank
- Systems, protocols, processes and KPIs in place to support the Bank’s sustainability programme
- Initiatives to embed sustainability practices within the Bank’s ethos
- Recognition and awards for sustainability: Association of Development Financing Institutions in Asia-Pacific (ADFIAP) – 2 awards, Global Sustainable Finance, Karlsruhe, Germany – 2 awards
RECOGNITION AND AWARDS
- Best Digital Wallet Sri Lanka – Global Banking and Finance Awards 2021,
- Most Innovative Corporate Banking App Sri Lanka – Global Banking and Finance Awards 2021
- Market Leader in Cash Management Sri Lanka (Domestic Banks) – Asiamoney Awards
- Best for Services in Cash Management – Sri Lanka – Asiamoney
- Most Trusted Retail Banking Brand in Sri Lanka – Global Brands Magazine, UK, 2021
- Best Customer Service Banking Brand in Sri Lanka – Global Brands Magazine, UK, 2021
- 100 Most Valuable Consumer Brands in Sri Lanka – 2021 – Ranked 27th
DIGITAL TRANSFORMATION
- Digital strategy based on six pillars: digital channels, digital payments, digital operations, digital services, digital analytics and DFCC Agile (Innovation Hub)
- Improving customer experience with internet and mobile enabled apps, tri-lingual online communications, specialised units for seamless customer service and experience
- Enhancing productivity and efficiency through digital processes and automation of operations
THE BANK FOR EVERYONE
- Customer-centric, digitally-enabled banking offering advanced products and services
- New propositions to suit varying lifestyles, income levels, aspirations
- Flagship branches and bespoke services for high-net-worth individuals