2011

Assets

2010

2009

Cash and balances with treasury banks

53,123

45,407

38,775

Balances with other banks

2,281

1,479

6,010

Lendings to financial institutions

955

4,402

3,000

Investments
Advances

316,652
225,801

213,061
254,552

167,134
253,249

Operating fixed assets

22,008

20,948

18,015

Other assets

32,413 27,706

23,040

Total Assets

653,233

509,223

567,555

Liabilities and stockholders' equity

liabilities

9,467
39,100
491,189
6,295

10,266
25,685
431,372
4,934

8,201
44,662
367,605
3,197

Other liabilities

18,380

16,092

15,819

Total Liabilities

564,431

488,349

439,484

Customers' deposits
Due to other banks
Acceptances outstanding
Pro t tax payable
Accrued interest payable

stockholders' equity

Unappropriated profit

8,362
42,186
28,366

7,602
40,163
21,416

6,911
38,386
15,779

Surplus on revaluation of assets - net of tax

9,888

10,025

8,663

Share capital
Reserves

Total Liabilities & stockholders' equity

653,233

567,555

509,223

2011

2,010

2,009

53,123
2,281
955

45,407
1,479
4,402

38,775
6,010
3,000

32,413
88,772

27,706
78,994

23,040
70,825

9,467
39,100
6,295

10,266
25,685
4,934

8,201
44,662
3,197

18,380
73,242

16,092
56,977

15,819
71,879

1.2120368

1.386419

0.985336

Current assets
Cash and balances with treasury banks

Balances with other banks

Lendings to financial institutions
Other assets
Current assets
Current Liabilities
Customers' deposits
Due to other banks
Accrued interest payable
Other liabilities

Current Liabilities
Current Ratio
advance to deposit ratio

23.8513785 24.7956361 30.8802585

Verticle Analysis
2007

2008

Assets

2011

2010

39,631

39,684

Cash and balances with treasury banks

8%

8%

4,043

3,808

Balances with other banks

0%

0%

4,100

1,051

Lendings to financial institutions

96,632
262,135

113,089
218,961

Investments
Advances

0%
48%
35%

1%
38%
45%

17,264

16,024

Operating fixed assets

3%
5%
100%
0%
0%
0%
1%
6%
75%

4%
5%
100%
0%
0%
0%
2%
5%
76%

1%
3%
86%

1%
3%
86%

1%
6%
4%

1%
7%
4%

2%
100%

2%
100%

19,810

17,869

Other assets

443,615

410,486

Total Assets
Liabilities and stockholders' equity
liabilities

10,551
22,664
330,182
437

Customers' deposits

21,346

10,479
39,407
292,098
479
1,180
11,722

385,180

355,365

Total Liabilities

Due to other banks

Acceptances outstanding
Pro t tax payable
Accrued interest payable
Other liabilities
stockholders' equity

6,283
36,769
9,193

6,283
34,001
5,131

Share capital
Reserves
Unappropriated profit

6,190

9,706

Surplus on revaluation of assets - net of tax

443,615

410,486

2,008

2,007

39,631
4,043
4,100

39,684
3,808
3,808

19,810
67,584

17,869
65,169

10,551
22,664
437
21,346
54,998

10,479
39,407
1,180
11,722
62,788

1.228845

1.037921

24.8445645 20.8952190

Total Liabilities & stockholders' equity

%
%

2009

2008

2007

8%

9%

10%

1%

1%

1%

1%
33%
50%

1%
22%
59%

0%
28%
53%

4%
5%
100%
0%
0%
0%
2%
9%
72%

4%
4%
100%
0%
0%
0%
2%
5%
74%

1%
3%
86%

0%
5%
87%

4%
4%
100%
0%
0%
0%
3%
10%
71%
0%
0%
3%
87%

1%
8%
3%

1%
8%
2%

2%
8%
1%

2%
100%

1%
100%

2%
100%

Income Statement.
2,011 2,010
68,147
54,821
Mark-up Earned
-23,620
-17,988
Mark-up expensed
44,526
36,834
Net Mark Up Income
-4,168
-3,685
provision & write off
40,358
33,149
Net income after provision
8,112
6,265
Non mark-up income
-13,160
Non mark-up expense -16,987
31,483
26,254
profit before tax
-12,058
-9,380
taxation
16,873
profit after tax
19,425

2,009
51,616
-15,837
35,779
-7,465
28,314
5,643
-10,801
23,155
-7,660
15,495

horizontal
Analysis

Mark-up Earned
Mark-up expensed
Net Mark Up Income
provision & write off
Net income after provision
Non mark-up income
Non mark-up expense
profit before tax
taxation
profit after tax

2011

2010

2009

214%
300%
186%
136%
193%
126%

172%
229%
154%
120%
159%
97%

162%
201%
150%
244%
136%
88%

283%
148%
200%
127%

219%
123%
155%
111%

180%
109%
127%
102%

2,008
40,044
-11,561
28,483
-4,042
24,441
5,791
-8,365
21,868
-6,493
15,375

2,007
31,787
-7,866
23,921
-3,061
20,860
6,448
-6,000
21,308
-6,042
15,266

vertical Analysis

2008

2007

126%
147%
119%
132%
117%
90%

100%
100%
100%
100%
100%
100%

139%
103%
107%
101%

100%
100%
100%
100%

2011
89%
90%
Mark-up Earned
-31%
-29%
Mark-up expensed
Net Mark Up58%
Income 60%
-6%
provision & -5%
write off
54%
Net income 53%
after provision
11%
Non mark-up
income 10%
-22%
Non mark-up
expense -22%
43%
profit before41%
tax
-16%
-15%
taxation
profit after tax
25

2010

2009
90%
-28%
62%
-13%
49%
10%
-19%
40%
-13%

28%

2008
87%
-25%
62%
-9%
53%
13%
-18%
48%
-14%

27

2007
84%
-21%
63%
-8%
55%
17%
-16%
56%
-16%

34%

40%

Gross Yield on Average Earning Assets (including dividend

13.14%
and capital gains)
Gross Spread
65.34%

11.88%

12.82%

11.42%

67.19%

69.32%

71.13%

Cost to income ratio

Cost to income ratio (excluding pf reversal)

32.27%
36.43%

30.54%
38.01%

26.08%
35.55%

24.41%
40.16%

Earnings per share (before tax)**

37.65

31.39

27.69

26.15

Breakup value per share (excl. surplus on rev. of assets)** 94.37

82.73

73.04

62.48

83.4

69.88

10.00%

10.00%

Net assets per share**

Bonus Shares Issued

Earnings per share**Rs.

106.19 94.71
10.00%

23.05

10.00%

20.18 18.73

18.32

10.67%

Particulars

75.26%

Non interest income to total income

Gross Yield on Average Earning Assets
Return on average equity (ROE)

Current Ratio
19.76%
38.75%
25.48
54.31
65.91
-

Return on average assets (ROA)

Return on Capital Employed (ROCE)
Earnings per share (after tax)**
Dividend Yield ratio (based on cash dividend)
Dividend Payout ratio
Market value per share
Price to earning ratio
Price to book value ratio (excl. intangible assets)

Advance to deposit ratio

operating profit ratio
Cash Dividend
Dividend cover ratio

19.66

2011
2010
2009
2008
15.41%
14.54%
13.62%
16.90%
12.81%
11.68%
12.52%
11.07%
26.23%
25.91%
27.35%
31.49%
1.2120368 1.3864191 0.985336 1.228845
3.18%
3.13%
3.25%
3.60%
26.23%
25.91%
27.35%
31.49%
23.23
20.18
18.53
18.39
8.92%
5.03%
5.01%
9.14%
55.97%
56.32%
53.52%
51.08%
134.6
5.79
1.43
23.85138
46.20%
120%
1.94

219.68
125.81
228.54
11.33
11.86
6.84
2.78
3.02
2.02
24.79564 30.88026 24.84456
47.89%
44.86%
54.61%
115%
110%
115%
1.75
1.68
1.6

2007
21.23%
10.00%
37.66%
1.037921
4.06%
37.22%
18.26
3.13%
51.45%
399.95
21.91
2.4
20.89522
67.03%
125%
1.46