analyst mar11 for ptg

8/6/2019 Analyst Mar11 for Ptg.

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l linancial ResultsQ4 11 & FY 20114 - 11 & FY 2011

Anal st Presentation 6th May, 2011


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Global Business up from ` 291289 cr. to ` 355483 cr. an increase.

Domestic Deposits up from ` 169670 cr. to ` 201891 cr. an increase of 18.99%

Domestic Advances up from ` 118272 cr. to ` 147081 cr. an increase of24.36% .

Robust growth of 48.28% in Net Interest Income from ` 4192 cr. to` . 6216 cr.

Net Interest Margin improved by 62 bps from 2.71% to 3.33%.

2Gross NPA ratio down to 2.37% from 2.79% in September 2010.


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Yearl Results

33


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rov s ons as on . . o(` in crore)

Taxation 758 807

Standard Assets)

Standard Assets 21 146Depreciation on Investment -117 27

Shifting Loss 47 83

(Provisions for Restructured Adv., Gtees.Invoked, FITL, Suspense Etc.)

-

55

Total 1584 2223


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NET INTEREST INCOMEYoY Comparison

6216

6000

7000Growth 48.28%

by 48.28% YoY to Rs 6216crs from Rs 4192 crs in the

41925000

previous year. NII growth has been

driven mainl due to

3000increase in yield on fundsat 8.33% as against 8.04%

1000reduction in cost of fundsto 5.19% from 5.51% in

6

0MAR 10 MAR 11

Net Interest Income

t e prev ous year.


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8.78

8.04 8.33

10

5.965.51 5.196

8

3.242.71

3.334

02009 2010 2011

Effective cost management has resulted in growth of 29 bps in Yield on Funds and

Yield on Funds Cost of funds NIM

77

, ,NIM.Net Interest Margin (NIM) on earning assets is at 3.33%.


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Mar10 Mar11 %

(` in crore)

Core Fee based Income 896 934 4.24

- .W/w Profit on Sale of Investment 573 464 -19.20

.

Income from Forex Tran. 166 204 22.89

Recovery in Written-Offaccounts

183 212 15.85

88

.


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Quarterl Results

99


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Operating Profits (Q4)Rs. in Cr.

perat ng pro t or 4 asbeen impacted by one-timeexceptional pension

912 1148 869 otherwise would havebeen amortised and hence

Net Profits (Q4)

crs registering growth of1.82% QoQ

Rs. in Cr.

Q4 2009 Q4 2010 Q4 2011

Net profit for Q4 has beenimpacted by one-timeexceptional pension

466 594 597 a ty o crs anwould have been ` 797 crsregistering growth of

1010

.


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NET INTEREST INCOMEQoQ Com arison

17162000

Growth 22.92%

1200

1600

800

0

400

11

MAR 10 MAR 11

Net Interest Income


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8.03

8.8210

4.885.54

6

8

3.39 3.444

02010 2011

Effective cost management has resulted in growth of 79 bps in Yield on Funds and at the

Yield on Funds Cost of funds NIM

1212

, , .Cost of Funds stood at 5.54%. Yield on funds is at 8.82%

Net Interest Margin (NIM) on earning assets is at 3.44%.


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240000

Total Deposits grew at19.07% YoY.

170040

202461

180000

210000

240000

Demand Deposits(CASA)grew by 19.18%. Average64307

90000

120000

150000

epos s grew y27.30% YoY.

53957

30000

60000

90000

(` in crore)

0

2 0 10 2 0 1 1

TOTAL DEP OSI TS CASA

MAR 10 MAR 11 Growth% YoYTotal Deposits 170040 202461 19.07

14

.

CASA SHARE % 31.73 31.76


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MAR 10 MAR 11 % Growth

(` in crore)

Over MAR 09

Current Deposits 16229 19618 20.88

Savings Deposits 37728 44689 18.45

Demand De osits CASA 53957 64307 19.18

Total Deposits 170040 202461 19.07

. . -Cost of Deposits(%) 5.94 5.53 -

15

Average SB deposits grew by 28.70% YoY and average Current deposits grew by22.40%New CD/SB Accounts added during the Year are : 2.74 million


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Advances & Yield on Advances

Bank registered growth121249153022

9.86

9.94130000

160000

10

12

.advances.

10000

40000

70000

100000

6

8

(` in Crore)MAR 10 MAR 11 YoY Growth%

Mar-10 Mar-11

Advances Yield on Advances

Total Advances 121249 153022 26.20

Agriculture 18464 21046 13.98

.

Retail Advances 13506 16238 20.22W/w

16

n on ome 8115 9211 13.51

Union Education 1301 1582 21.60


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22.56

PERSONALEDUCATION

OTHERS

.

56.73

9.74

17

.


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` in Crs .

Advance

No ofAccts.

Amt. No ofAccts

Amt.

MSME W/w 137 124.90 30145 958.86

Micro Enterprises 92 5.97 21302 273.37Small Enterprises 26 26.76 8729 397.77

Medium Ent. 19 92.17 114 287.72

Lar e Ent. 21 301.92 95 2154.36

Others 47 201.53 34212 1570.04

Agriculture 191 8.48 16188 139.83

18

Retail Loans 476 24.11 39474 793.09

Total 872 660.94 120114 5616.18


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sse s es ruc ure ur ng

(More than`

1.00 crore)Details of Restructured Accounts Accounts Amount

` .

April 09 March 10 20 237.90

April 10 March 11 45 362.33

Restructured Accounts turned to NPAs` ` .

Details of Restructured Accounts Accounts Amount(` in cr.)

19

April 09 March 10 39 481.39

April 10 March 11 22 527.84


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Across Large & Mid Corporates, SME and Corporate Agri Business

Rank Sectors Exposures (As on 31 st March 2011)

% Amount ( ` in Crore)

1 Infrastructure 11.13 17018

2 Retail Advances 10.63 16238

3 Trade 5.49 8391.

5 Textile 3.13 4789

6 Other Industries 2.59 3959

7 Metal & Metal Products 2.14 32748 Chemical & Chemical Products 1.77 2700

9 Commercial Real Estate 1.76 2682

2020

10 Gems & Jewellery 1.24 1897


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LARGE & MID CORPORATES

` `e an s av ng a por o o o ` crore o more an ` crore,

out of which 690 Accounts with exposure of ` 51331 Crore are rated.Rating of the Accounts is as under:

Rating No of Borrowers Exposure % OF RATEDEXPOSURE

AAA 51 15656 30.50

AA 49 6993 13.62

.

BBB 190 10094 19.67

BB& BELOW 307 7179 13.98

2121

TOTAL 690 51331 100.00


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Investments have shown arowth of 7.18% and Yield on

54483

50000

60000 8

Investments have increased by23 bps from 6.32% to 6.55%.`

6.5520000

300007

`

14110 Cr. ` 6473 Cr (45.88%) is

interest sensitive .

.

10000Mar-10 Mar-11

6

MAR 10 % Duration MAR 11 % Duration

Held to Maturity 37404 68.65 5.58 43880 75.14 5.18Held for Trading 14 0.03 - 409 0.70 1.37

22

. . . .

Total 54483 100.00 4.4058399 100.00

4.34


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Movement of NPAs

(` in crore)

Gross NPAs - Opening 1923 2671Add : Additions 1785 2924

Less : Deductions 1037 1972

1. Due to Write Off 513 1126

.

Gross NPAs 2671 3623

Gross Credit 121249 153022

Gross NPA as a %age of GBC 2.20 2.37Net NPA 965 1803

2323

Net NPA as %age of Net Advances 0.81 1.19


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2

24.70 24.7923.6925

30

1.26 1.27 1.251.5

.

.

10

15

20.

0.5

1

0

5

2008 2009 2010 2011Return on Equity

0

2008 2009 2010 2011eturn on verage ssets

39.7134.18

41.0840

50

60

212.53

173.38

160

180

200

220

240

27.46

10

20

30 111.19

137.87

40

60

80

100

120

140

24

02008 2009 2010 2011

Earning Per Share

0

20

2008 2009 2010 2011

BOOK VALUE


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Ratios* MAR10 MAR11

(` In lacs)

(12 M) (12 M)Productivity RatiosBusiness per Employee 1049 1281

Business per Branch 10385 11783 . .

Net Profit per Branch 73.97 69.01

Gross Profit er Em lo ee 13.18 15.52

Gross Profit per Branch 130.46 142.69

25Business and profit per employee increased


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Capital Adequacy Ratio is13.27

12.5112.9512.51

14.00 ap a equacy

a . as o31.03.2011 as per Basel II.

8.6910.00

12.00

Tier-I CRAR has improved

to 8.69% from 7.91 %

7.918.197.458.00

ma n y ue o p ou acof profits and infusion of 4.26

4.60.

5.06

4.00

.

.and Rs 111 crore fromGovt. of India.0.00

2.00

2626

2008 2009 2010 2011

CRAR TIER I TIER II


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Transactions through electronic

BRANCH MI X mo e ave ncrease o .from 35.01% in March 10.IncludingHong Kong

branch

827629 during 2010-11.

Mar08 Mar09 Mar10 Mar11847

713

Branches / EC /Service BrsATMs

2514

1146

2661

1790

2910

2327

3105

2634

27

Metro Urban Semi-Urban Rural


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Shareholding Pattern (31 st March,2011)

14.47

17.42 Share Capital ` 524.33 crore

No. of Shares 524.33 million

`

55.43

`

B. V. per share ` 212.53Return on Equity: 18.68%

12.68

Govt. of India Banks, Fis, Ins. Cos.

Others FIIs and Foreign Mutual Funds

Market Cap (3 rd May11) : ` 15840 crs

MAR-09 MAR-10 MAR-11

GOVT. 55.43% 55.43% 57.07%

FIIs & FMFs 14.12% 17.42% 15.05%BANKS, INST./ MUTUAL 15.92% 12.68% 12.31%

OTHERS 14.53% 14.47% 15.57%

31


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M j hi hli hajor highlightsof last quarterf last quarter

29


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The Bank was awarded the SKOCHFinancial Inclusion Award 2011 for itspro ec nanc ng armer em ers o

Primary Agricultural CooperativeSocieties under BC Model. The

. . .Chakrabarty, Dy. Governor, ReserveBank of India at the function held in

.innovative approach that the Bank hasadopted in the recent years forreachin out. The ro ect is about

financing farmer members of PrimaryAgricultural Cooperative Societies(PACS) through branchless banking on

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the technology platform which ourbank has developed in partnering withM/s CoOption Technologies Ltd.


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Award for Best Home Loan provider

The Bank received theOutlook money awardor t e est ome oan

provider in Jan11. The

by the Honble Chief,

Shri Prithviraj Chavan.

31


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Award for best IT MiddlewareThe Bank received the 'Best

'

the Asian Banker's TechnologyImplementation Awards 2011 at a,

2011. The award is given for Enterprise

Application Integration solutionseamless integration of differentstandalone applications being used by

.instituted annual IT ImplementationAwards programme to determine and

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awar es prac ces o ec no og cainnovation in banking operations.


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Issuance of Aadhar cardsThe Bank marked the launch ofssuance o a aar um ers o e

residents of the country on 10thJanuary 2011 at a function organized.

first lot of 19 Aadhaar Numbers weredistributed to the residents enrolled byUnion Bank of India from the hands ofDr. Ajay Bhushan Pandey, DeputyDirector General, UIDAI, Mumbai.Executive Director of the bank, Shri

S.S.Mundra was also present to gracethe occasion. The Bank is the firstamongst all the registrar banks to start

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enrollments of residents and issuanceof Aadhar numbers.


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-The Bank together with Nokia, announcedthe commercial launch of Union Bank

oney powere y o a across n a,

starting with the National Capital Region.The unique service specifically targets,

today, by providing access to financialservices through their mobile phones and

.enable consumers to transfer money toother individuals, withdraw cash fromBusiness Corres ondents cash-out outlets

(registered Nokia stores) and ATMs, payutility bills as well as recharge prepaid SIMcards (top-ups) by using their mobile

34

devices, eliminating the need forintermediaries and delivering trueconvenience.


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Launch of Rupay co-branded card

The co-branded Ru a

ATM card of NPCL andKashi Gramin SayuktGramin Bank, a sponsorRRB of the Bank was

u ,2011. The card was

Murthy, Chairman, NPCLand Chief Mentor, Infosys

35

Technologies Ltd.


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The Bank unveiled its first Solar powered,Voice enabled Biometric Rural ATM at

Punjab. The ATM was inaugurated by ShriS.S. Mundra, Executive Director of Bank.

Gramateller ATM machine. This ATM is aresult of research and development efforts ofM/S Vortex with IIT Madras. The ATM workson solar power, has low power consumptionof 40 -100 W, can work on single phasepower connection, has ability to work without

air-conditioning and has support for bothBiometric and PIN based transactions.These features make it an ideal solution for

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rura env ronmen w ere power supp y s acritical factor and literacy levels are low.


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Guidance 2011-12

37


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Guidance 2011-12The Bank aims for a deposits growth of approx. 20% and advancesgrow o or - .

Return on Average Assets to be 1.30% by March 2012

NIM is expected to be at 3.20% by March 2012.

e nquency at o as o s arc , s expecte to e .

Gross NPAs of the Bank are expected to be around 1.85% by March

2012.

38

of ATMs to 5000 during the year 2011-12.


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sc a merExcept for the historical information contained herein, statements in this

, , ,

would, indicating, expected to etc., and similar expressions or variationsof such expressions may constitute forward-looking statements. These- ,

other factors that could cause actual results to differ materially from thosesuggested by the forward looking statements. These risks and

,implement our strategy, future levels of non-performing loans, our growthand expansion in business, the impact of any acquisitions, the adequacy ofour a owance or cre osses, ec no og ca mp emen a on an c anges,the actual growth in demand for banking products and services, investmentincome, cash flow projections, our exposure to market risks as well as

39

o er r s s. n on an un er a es no o ga on o up a e orwar - oo ngstatements to reflect events or circumstances after the date thereof.


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Than ou Your dreams are not yours alone

analyst mar11 for ptg

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