PERFORMANCE HIGHLIGHTS
March 2010
www.canarabank.com Save Trees, Save Water and Save Environment Mar’10
Results
Page 1
3 Major Milestones Crossed
Total Business Crosses Rs.400000 crore Mark
… An Addition of over Rs.78500 crore
Net Profit Crosses Rs.3000 crore, up by 46%
Branch Network crosses 3000 Mark
… An addition of 314 branches
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FINANCIAL HIGHLIGHTS
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GROSS PROFIT GROWTH FY10
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ROBUST NET PROFIT GROWTH FY10
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CONSISTENT PROFIT GROWTH LAST FIVE
YEARS
NET PROFT
(Rs. in Crore)
3,021
3,000
2,750
2,500
2,250 2,072
Rs. Crore
2,000
1,750 1,565
1,421
1,500 1,343
1,250
1,000
750
500
FY06 FY07 FY08 FY09 FY10
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PROFIT GROWTH
Amt. in Rs. Crore
Mar’10 Mar’09
Operating Profit 5061 3964
Growth (%) 27.68 33.94
Provisions 2039 1891
Net Profit 3021 2072
Growth (%) 45.79 32.42
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PROVISIONS: FY10
Amt. in Rs. Crore
Mar’10 Mar’09
Total Provisions 2039 1891
of which ..
Provision for NPA 1408 900
Provision for Taxation 800 500
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INCOME
Amt. in Rs. Crore
Mar’10 Mar’09 Growth
Total Income 21610 19430 11.2%
Int. Income 18752 17119 9.5%
Int. Loans/Adv 13946 12813 8.8%
Non-Int. Inc 2858 2311 23.7%
Good Growth in Non-Interest Income
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MAJOR COMPONENTS OF INCOME
Interest Income continues to drive growth in income .. over 60% of earnings from int on advances
March 2010 March 2009
Inter Bk Int Others Inter Bk Int Others
Fee Incm 1.1% 2.9% 1.1% 2.5%
Fee Incm
6.5% 6.3%
Investm ent Investm ent
Incom e Incom e
25.0% 24.2%
Int on Adv
Int on Adv
64.5%
66.0%
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BREAK-UP OF OTHER INCOME
Rs. in Crore
Mar’10 Mar’09
FY10 Q4 FY10 FY09 Q4 FY09
Total Other Income 2858 710 2311 846
Commission & Exchange 724 213 604 163
Profit from Exchange Trans 215 44 174 14
Trading Profit 872 114 675 349
Dividend Income 104 32 38 11
Recovery in w/off A/cs 406 149 319 99
Other Misc. Income 537 158 501 210
of the above ..
Fee Income 1403 405 1222 404
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MEASURES TO AUGMENT
NON INTEREST INCOME
Increased thrust on Fee Income
Broadbasing of Fee Income sources
Cross Selling of Insurance
Mutual Fund Products
On-line Trading Services
Other Traditional Services- LCs, Guarantees, DDs and
others.
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EXPENDITURE
Amt. in Rs. Crore
Mar’10 Mar’09 Growth
Total Expenditure 16549 15467 7.0%
Int. Expenditure 13071 12401 5.4%
Op. Expense 3478 3065 13.5%
Staff Expense (incl. prov.
for wage revision) 2194 1877 16.9%
Cost-Income Ratio (%) 40.73 43.61 -288 bps
Full Prov. Wage Revision Made
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EARNINGS PROFILE
Amt. in Rs. Crore
Mar’10 Mar’09
Net Int. Income 5681 4718
Y-o-Y Growth (%) 20.4 33.4
Net Int. Margin(%) (NIM) 2.80 2.78
ROAA (%) 1.30 1.06
EPS (Rs.) 73.69 50.55
Book Value (Rs.) 305.83 244.87
NIM sustained
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ASSET QUALITY
Mar’10 Mar’09
Gross NPA (Rs. Crore) 2590 2168
Gross NPA Ratio (%) 1.52 1.56
Net NPA (Rs. Crore) 1800 1507
Net NPA Ratio (%) 1.06 1.09
Provision Coverage Ratio at 77.71%
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COMFORTABLE CAPITAL POSITION
CRAR of 13.43% at Mar ‘10
…well above the regulatory minimum of 9%
…Tier I ratio at 8.54%
…Tier II ratio at 4.89%
Capital raised during FY 2010 : Rs.600 Crore
Medium Term Objective .. CRAR of above 12%
…still undiluted 73.17% GoI Holding in the Bank
Adequate Headroom for Capital Augmentation
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CAPITAL ADEQUACY – Basel II
15% Tier I capit al Tier 2 capit al
13%
9.0%
11% 6.33% 6.24% 6.09% Minimum
3.41%
4.89% Total
CRAR
9%
(2940) (7623) (7362)
(6925) (7250)
7%
6.0%
8.54% Minimum
7.81% 7.17% 7.01% 8.01%
5%
(12870) Tier I
CRAR
3%
(6738) (7850) (8148) (10023)
1%
-1% M ar.0 6 M ar.0 7 M ar.0 8 M ar.0 9 M ar.1 0
Total
11.22% 13.50% 13.25%* 14.10* 13.43*
CRAR %
* Mar’08 onwards - as per Basel II
(Figures in the brackets are amt. in Rs. Crore)
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DECLINE IN COST-INCOME RATIO (%)
59
56
53
47.93 48.54
50 46.83
47 43.61
44 40.73
41
38
35
32
29
26
23
20
FY06 FY07 FY08 FY09 FY10
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EARNINGS PROFILE
80 73.69 305.83
300
70
244.87
60 50.55 250
50 38.17 202.33
34.65 197.83
32.76
40
200 171.19
30
20 150
10
0 100
EPS (INR) BV (Rs)
M ar-06 M ar-07 M ar-08 M ar-09 M ar-10 Mar-06 Mar-07 Mar-08 Mar-09 Mar-10
The Bank continued to sustain high levels of earnings. Book Value and
Earnings Per Share show consistent rise, year on year
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VALUE FOR STAKEHOLDERS
Dividend ... Progressive Return for the Shareholders
90%
80%
100%
70% 80% 80%
60% 70%
66%
50%
55%
40%
30%
20%
10%
0%
DIVIDEND
FY05 FY06 FY07 FY08 FY09 FY10
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SHARE HOLDING PATTERN
As on Mar 31, 2010
7.6% 0.9%
2.0%
4.7%
11.6%
73.2%
Govt of India FIIs Resident Individuals MFs IFIs Others
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FINANCIAL HIGHLIGHTS: Q4 FY10
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PROFIT GROWTH
Amt. in Rs. Crore
Q4 FY10 Q409
Operating Profit 1430 1273
Growth (%) 12.4 35.5
Provisions 927 554
Net Profit 503 719
Growth (%) -30.0 54.9
Net Profit lower due to lesser trading profit
and higher provision
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PROVISIONS : Q4 FY10
Amt. in Rs. Crore
Q4FY10 Q4FY09
Total Provisions 927 554
of which ..
Provision for NPA 578 250
Provision for Taxation 200 200
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INCOME
Amt. in Rs. Crore
Q4FY10 Q4FY’09
Total Income 5507 5500
Int. Income 4797 4654
Other Income (Excl. Inc from Sale of
Investments) 597 498
Trading Profit 113 349
Treasury Income impacted by rising Gsec Yield
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EXPENDITURE
Amt. in Rs. Crore
Q4FY10 Q4FY09 Growth
Total Expenditure 4076 4228 -3.6%
Int. Expenditure 3199 3349 -4.5%
Op. Expense 877 879 -0.23%
Staff Expense (Incl. prov.
For wage revision) 498 530 -6.09%
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EARNINGS PROFILE
Amt. in Rs. Crore
Q4FY10 Q4FY09
Net Int. Income 1598 1305
Y-o-Y Growth (%) 22.4 41.5
Net Int. Margin (NIM) 2.80 2.78
Sustenance of NIM
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PROFITABILITY RATIOS (%)
Mar’09 Jun’09 Sep’09 Dec’09 Mar’10
(FY09) (Q1 FY10) (H1 FY10) (9m FY10) (FY10)
Cost of Deposits 6.87 6.48 6.47 6.25 6.12
Yield on Advances 10.79 10.05 10.02 10.01 9.81
Cost of Funds 6.32 6.00 5.98 5.77 5.65
Yield on Funds 8.72 8.37 8.32 8.16 8.10
Spread 2.40 2.37 2.34 2.39 2.45
Net Interest Margin 2.78 2.70 2.66 2.71 2.80
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PRODUCTIVITY RATIOS
Mar’10 Mar’09
Business per Employee (Rs. Crore) 9.83 7.80
Business per Branch (Rs. Crore) 132.63 118.96
Gross Profit per Employee (Rs. Lakh) 12.32 9.51
Net Profit per Employee (Rs. Lakh) 7.36 4.97
Highest Per Branch Business amongst Peers
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BUSINESS HIGHLIGHTS:
FY10
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TOTAL ASSETS
264,721
250,000
219,646
225,000
200,000 180,529
165,961
Rs. Crore
175,000
150,000 132,822
125,000
100,000
75,000
50,000
2006 2007 2008 2009 2010
Significant Jump in Asset size
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TOPLINE GROWTH
234,651
225,000
200,000 186,893
169,335
175,000
154,072
Rs. Crore
142,381 138,219
150,000
125,000 116,803 107,238
98,506
100,000
79,426
75,000
50,000
2006 2007 2008 2009 2010
Deposits Advances
Total Business added during FY 2010 over Rs.78500 Crore
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BUSINESS PROFILE
Amt. in Rs. Crore
Mar’10 Mar’09 Y-o-Y Gr
Total Business 403986 325112 24.3%
Total Deposits 234651 186893 25.6%
Net Advances 169335 138219 22.5%
C-D Ratio (%) 72.16 73.96
Total Business Crossed Rs. 4 lakh crore
Addition of over Rs.78500 Cr
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CORE DEPOSITS GROWTH
Amt. in Rs. Crore
Mar’10 Mar’09 Y-o-Y Gr
Core Deposits 198544 150127 32.3%
CASA Deposits 68261 56168 21.5%
CASA per branch 22.41 20.55
Deposits Clientele (Mn) 32.85 30.50 2.35 Mn
Highest Per Branch CASA Deposit among Peers
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CREDIT FOCUS
Amt. in Rs. Crore
Mar’ 10 Mar’09 Y-o-Y Gr
Priority Sector Credit 59310 48763 21.6%
Agriculture Credit 25052 20144 24.4%
MSME Advances 31074 23823 30.4%
Education Loans 2896 2301 25.9%
Retail Lending 23902 19798 20.7%
Housing Loans 10116 7896 28.1%
Industrial Advances 87504 52142 67.8%
Infrastructure Advances 32741 17313 89.1%
Well Diversified Credit Portfolio
Focus on Productive Sectors
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PRIORITY SECTOR
(Amt. in Rs. Crore)
Mar’10 Mar’09 Y-o-Y Gr
Priority Credit O/s 59310 48763 21.6%
% to ANBC 43.92 46.02
Agriculture Adv O/s 25052 20144 24.4%
% to ANBC 18.55 19.01
MSME Advances O/s 31074 23823 30.4%
Surpassed 18% Adjusted Net Bank Credit (ANBC) Norm in Agriculture
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INVESTMENT PORTFOLIO
Amt. in Rs. Crore
Mar’10 Mar’09
Investments (In India) 69114 57146
54516 41007
Held to Maturity (78.9%) (71.8%)
14182 15728
Available for Sale (20.5%) (27.5%)
416 412
Held for Trading (0.6%) (0.7%)
Figures in the brackets are percentage shares in total
Mar’10 Mar’09
SLR Portfolio 63175 (91.2%) 51329 (89.2%)
Non SLR Portfolio 6089 (8.8%) 6213 (10.8%)
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DURATION OF INVESTMENT PORTFOLIO
Duration of AFS book and Total Investment book
Details Mar’09 Mar’10
Duration of AFS Book 1.96 yrs 2.04 yrs
Duration of HTM Book 4.93 yrs 5.87 yrs
Duration of Total Investment
4.23 yrs 5.17 yrs
Book
Modified Duration of AFS book and Total Investment book
Details Mar’09 Mar’10
Modified duration of AFS Book 1.87 Yrs 1.93 Yrs
Modified duration of HTM Book 4.76 Yrs 5.65 Yrs
Modified duration of Total 4.08 Yrs 4.97 Yrs
Investment Book
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Beyond
Numbers
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EXPANDING THE REACH
Mar’10 Mar’09 Y-o-Y Incr
Branch Network 3046 2733 314
ATM Strength 2017 2019
Card Base (In Lakh) 49.96 42.68 7.28
Strategic Initiatives
Focus on Expanding Domestic Branch Network
Addition of 314 branches during FY10
16 lakhs new SB accounts added during ‘Savings Utsav’ campaign
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DEDICATING 104 BRANCHES TO THE
NATION
ON 19th Nov’ 2009
Inauguration of 104 branches across India by Hon’ble Union
Finance Minister in New Delhi
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4th OVERSEAS BRANCH AT LEICESTER, UK
C&MD Shri A.C Mahajan inaugurated the Branch on 12.04.2010
in presence of Lord Mayor of Leicester.
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EXPANDED CLIENTELE BASE
Mar’10 Mar’09 Y-o-Y Incr
Clientele Base in Mn 37.34 34.80 2.54
- No of Deposit a/cs (Mn) 32.85 30.50 2.35
- No of Borrowal a/cs (Mn) 4.49 4.30 0.19
Over 37 million strong clientele base
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INFOTECH PROGRESS
Mar’10 Mar’09
Core Banking Branches 1809 1053
ATMs 2017 2019
AWB Branches 2091 2062
IMB Branches 1959 1362
NEFT and RTGS ALL Branches All Branches
90% Business under Core Banking Solution
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AWARDS/ACCOLADES
Best Bank in South Zone Award 2008-09: For lending under
KVIC and PMEGP Schemes.
Credit Guarantee Approval Certificate issued by CGTMSE
from Shri Pranab Mukherjee, Hon’ble Finance Minister of India.
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FUTURE PLANS
Aiming at a Total Business of Rs.5,00,000 crore by Mar’11
… Rs.2,85,000 crore under Deposits
… Rs.2,15,000 crore under Advances
Over 200 new branches to be opened during the year
Continued focus on Core Business Growth
Strengthening overseas presence
Cover all branches under CBS by June 2010
RBI approval for 9 overseas Branches/offices obtained…
Johannesburg, Frankfurt, Muscat, Manama, QFC-Qatar, New York, Sao
Paulo, Dar-er-Salam and Tokyo
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Results
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