|Financial Position||2017||2018||2019||2020||2021||Growth of 2021 over 2020||5 Year CAGR (%)/ Average* 2021|
|Property Plant and Equipment||1,803||2,406||2,861||2,777||2,595||-6.57%||9.53%|
|Net current assets||3,359||3,239||2,035||7,147||10,717||49.96%||33.65%|
|Non Current Assets||50,124||42,909||25,960||20,178||25,476||26.26%||-15.57%|
|Long Term Liabilities||45,055||36,213||18,340||17,101||25,318||48.06%||-13.42%|
|Loans and Advances||66,544||68,676||65,117||58,472||62,888||7.55%||-1.40%|
|Total Investment Portfolio||80,800||81,946||78,642||76,249||82,982||8.83%||0.67%|
|Non Interest Revenue||2,905||1,966||1,585||1,543||3,402||120.44%||-3.88%|
|Net Profit Before Tax||2,264||709||725||1,178||1,705||44.74%||7.34%|
|Net Profit After Tax||1,926||444||508||979||1,306||33.46%||10.21%|
|Turnover of Share Trading by LBSL||363,646||235,595||147,526||158,882|
|Gross Profit Ratio||48.48%||59.72%||61.88%||61.63%||47.34%||-23.20%||55.81%|
|Operating Profit Ratio||24.76%||15.24%||13.69%||13.72%||24.74%||80.37%||18.43%|
|Return on Capital Employed||2.83%||0.56%||0.66%||1.33%||1.76%||31.86%||1.43%|
|Cash reserve ratio/ liquidity asset ratio (Required 2.5%)||2.92%||2.57%||2.57%||1.59%||1.58%||-0.67%||2.25%|
|Statutory Liquidity Reserve (Required 5%)||5.10%||5.03%||5.04%||5.05%||5.07%||0.39%||5.06%|
|Capital Adequacy Ratio||11.95%||16.18%||16.75%||18.25%||17.69%||-3.07%||16.16%|
|Gross Non performing assets to gross advances/Non performing loans (assets) to total loans (assets)||2.85%||3.35%||5.20%||4.40%||6.14%||39.62%||4.39%|
|Cost to Income Ratio||51.95%||62.17%||64.09%||64.24%||53.01%||-17.48%||59.09%|
|Debt Equity Ratio||8.42||7.07||6.9||6.15||6.18||0.54%||6.94|
|Financial Expense Coverage Ratio||1.51||1.26||1.22||1.22||1.52||24.55%||1.31|
|Return on Equity (%)||25.66%||4.90%||5.27%||10.02%||12.60%||25.75%||11.69%|
|Return on Assets (%)||2.58%||0.51%||0.59%||1.18%||1.53%||29.89%||1.28%|
|No. of Share Outstanding||318||513||513||539||539||0.00%||14.07%|
|Net Asset Value (NAV) Per Share*||15.45||18.23||17.6||18.64||19.82||6.29%||6.42%|
|Earnings Per Share (EPS)||3.52||0.81||0.94||1.81||2.38||31.46%||-9.38%|
|Market Price Per Share (Closing)||47.8||22.9||18||31.4||37.3||18.79%||-6.01%|
|Price Earnings Ratio (Times)||11.53||26.81||19.25||17.37||15.7||-9.64%||8.02%|
|Dividend Payment (C- cash & B- bonus)||7.5% B||-||5% B||-||-||-||-|
|7.5% C||15% C||7% C||12% C||10%C||-||-|
|Profit Per Employee (mn)||1.6||0.37||0.57||1.1||1.7||54.13%||1.51%|
Our net interest income decreased by 7% to BDT 2,019 million, compared to BDT 2,174 million in 2020 due to a significant surge in interest suspense (40%) as a result of lifting up of relaxation in provisioning. However, still we could manage 6.24% growth in total revenue and 46% growth in total operating income thanks to utilizing opportunity of bullish capital market which resulted massive growth in income from investment and commission income and sizeable amount of other operating income from fresh loans and takeover loans.
The operating expenses increased by 20% from the previous year, owing to the fact that the capital market thrived and surpassed many of its regional peers, and its activities were in high gear. Due to enhanced of provisioning regulations in 2021, quality of assets was impaired to some extent as many customers specially SME and emerging corporate clients were affected as a result of COVID-19 pandemic. Thus NPL surged to 6.57% up from 4.70% a year ago.
This results additional provision of BDT 454 Mn. We have also kept additional provision of BDT 125 Mn against margin loan. On the other hand, we were also able to cut the provision for diminution in value of investments by 73% compared to previous year. Although we achieved 46% growth in total operating income, we could manage to retain 33% growth in profit after tax (PAT) due to surge in opex and provisioning.
Because the market was liquid and living conditions improved over time, the odds were in our favor, as can be seen by our asset portfolio increasing by 7.43% to BDT 58,775 million in 2021, compared to BDT 54,709 million in 2020. This boost aided our disbursements, which rose to BDT 34,269 million from BDT 22,007 million in 2020.
Our disbursement to retail segment, which accounted for over 43.59% of total disbursements in 2021, is a notable contributor. The key driver in our retail financing disbursement was the credit card, which accounted for 74.15% of all retail financing disbursement performances. Along with retail finance, our whole SME portfolio was a significant contributor to the asset portfolio's better performance, contributing around 33.51% of the total asset portfolio, which was 32.31% in 2020.
As a result of the Central Bank's loan provisioning criteria, our asset quality has dropped slightly from the previous year, and our standalone NPL ratio now stands at 6.57%, from 4.70% previously. Though the quality has reduced, our constant efforts to improve our collection policy has paid off, and the economic benefit has more than compensated for the quality decline.
The capital adequacy ratio (CAR) for the year 2021 stood at 17.80% on a Group basis and 16.89% on a standalone basis, exemplifying that we are well above Bangladesh Bank's requirements for a minimum 10% CAR and outlining the fact that the Company has been able to weather any storm as it already has in such bleak times for the past few years.
Market price of our share had shown fluctuation throughout the year and during lockdown, it went down to BDT 24.9 whereas, it started the year with price of BDT 32.70. Finally, market price settled at BDT 37.30 in both DSE and CSE at the end of 2021 yielding annual return of 14%.
In 2021, standalone ROA stood at 0.76% while consolidated ROA stood at 1.53%.
The standalone ROE in 2021 was 5.66%, whereas the consolidated ROE stood at 12.60%.
LankaBangla’s standalone EPS for the year 2021 was BDT 1.13 compared to the standalone EPS of 2020, which was BDT 1.53. Meanwhile the consolidated EPS soared to BDT 2.38 in 2021 as opposed to BDT 1.81 in 2020.
Owing to the heave in the asset disbursements and increment of bank borrowings in 2021, the fund under management witnessed an upsurge of 7%, soaring to BDT 154,982 million, up from BDT 144,777 million in the previous year. This increase exemplifies the tenacity of our asset management during these strenuous times.