Annual Report 2010 - Ministry of Finance and Planning

4 | State Owned Enterprises (SOE)Table 4.12 > Key Performance Indicators of Pradeshiya Sanvardhana Bank2005 2006 2007 2008 2009 2010*Number of Branches 203 209 211 215 223 248Number of Employees 1,717 1,908 1,986 1,934 1,933 1,912Assets (Rs. Bn.) 20.6 26.1 31.0 34.4 39.0 46.6Deposits (Rs. Bn.) 14.2 18.7 21.9 25.9 30.9 37.9Corporate & Retail Lending (Rs. Bn.) 15.7 19.3 23.0 26.3 28.1 37.1Profit Before Tax (Rs. Mn.) 658 633 814 1,037 942 992.7Profit After Tax (Rs. Mn.) 381 299 416 424 407 336.8Capital Adequacy Ratio -1 (%) 8.7-15.4 9-14.4 8.2-15.1 8.4 -15.8 9.5–13.0 11.0Capital Adequacy Ratio – 11 (%) 11.5-17 11.4- 18.1 9.8-15.7 8.9-16.73 8.9-14.2 11.7Non Performing Loans (Rs. Mn.) 1,140 1,161 1,252 1,214 1,270 1,152Non Performing Loan Ratio (%) 6.8 5.6 5.3 4.5 4.4 3.0Rating BBB+ BBB+ BBB+ BBB+ BBB+ BBB+Source: Pradeshiya Sanvardana Bank*UnauditedPradeshiya Sanvardhana Bankexposure on pawning advancesremained at 36.6 percent of total loansof the bank. A significant portion ofloans and advances of PradeshiyaSanvardhana Bank amounting to 31percent was granted as agriculturalloans, 24 percent was for housingpurposes. Small industrial sector hasreceived only 10 percent in 2010.The improvement in asset qualityof Pradeshiya Sanvardhana Bankcontributed towards the marginalreduction of non-performing loansfrom Rs.1.3 billion in 2009 to Rs. 1.2billion in 2010. The non performingloan ratio declined to 3 percent in 2010from 6 percent in 2009.The total capital funds employedby Pradeshiya Sanvardhana Bankamounted to Rs. 3,755 million at theend of 2010 which is an increase of20 percent over the year 2009. Bank’sborrowings recorded a year on yeargrowth of 2.6 percent. The depositscollected by Pradeshiya SanvardhanaBank recorded a growth of 22.8 percent,amounting to Rs 37.95 billion over 2009.Pradeshiya Sanvardhana Bank reporteda profit before tax of Rs. 1.5 billion at theend of 2010 a significant increase overthe previous year.Table 4.13 > Decomposition of the loan portfolio of Pradeshiya Sanvardhana Bank2009 2010Rs. Mn (%) Rs. Mn (%)Agriculture 6,817 23 11,375 31Animal Husbandry 506 2 864 2Fisheries 190 1 703 2Industries 3,141 11 3,608 10Business & Commerce 5,216 18 5,592 15Housing 7,354 25 8,992 24Consumption 1,885 6 4,157 11Others 3,981 14 1,676 5Total 29,090 100 36,967 100Source: Department of Public Enterprises214