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					RATINGS for 2002                                                                                                                                                                                                                           APPENDIX II B


 NON-BANK FINANCIAL INSTITUTIONS
                                                                     Watch             Watch
                                                                         Dec 03            Nov 03        Oct 03   'MAY 03   APR 03   MAR 03   FEB 03   JAN 03   DEC 02   NOV   OCT   SEPT   AUG 02     JUL   JUNE   MAY    APRIL   MARCH    FEB    JAN
1. LIQUIDITY POSITION:                                               Unsatisfactory    Unsatisfactory
  (a) Liquid Assets Excess (Deficiency) to Total Assets                       5                 5          5         5        5        5        5        5        5       5     5     5
  (b) Loans to Total Assets Ratio                                             1                 1          1         5        5        5        5        5        5       5     5     5
  (c) Liquid Assets to Total Deposits and Short-term Liabilities              5                 5          5         5        5        5        5        5        5       5     5     5
  Preliminary Liquidity Rating                                               3.7               3.7        3.7       5.0      5.0      5.0      5.0      5.0      5.0     5.0   5.0   5.0    #DIV/0!   ###### ###### ###### ###### ###### ###### ######

2. CAPITAL ADEQUACY:                                                 Unsatisfactory    Unsatisfactory
   (a) Primary Capital to Risk-weighted Assets                                5                 5          5         5        5        5        5        5        5       5     5     5
   (b) Regulatory Capital to Risk-weighted Assets                             5                 5          5         5        5        5        5        5        5       5     5     5
  Preliminary Capital Adequacy Rating                                        5.0               5.0        5.0       5.0      5.0      5.0      5.0      5.0      5.0     5.0   5.0   5.0    #DIV/0!   ###### ###### ###### ###### ###### ###### ######

3. ASSET QUALITY:                                                       Satisfactory      Satisfactory
  (a) Non-performing Loans to Total Assets Ratio                              1                 1          1         5        5        5        5        5        5       5     5     5
  (b) Allowance for Loan and leases to Non-performing Loans                   3                 3          4         5        5        5        5        5        5       5     5     5
  (c) Large Credit Exposures to Regulatory Capital                            1                 1          1         5        5        5        5        5        5       5     5     5
  Preliminary Asset Quality Rating                                           1.7               1.7        2.0       5.0      5.0      5.0      5.0      5.0      5.0     5.0   5.0   5.0    #DIV/0!   ###### ###### ###### ###### ###### ###### ######

4. PROFITABILITY                                                             Fair              Fair
    (a) Net Interest Margin                                                   5                 5          5         5        5        5        5        5        5       5     5     5
    (b) Net Income to Total Assets Ratio                                      1                 1          5         5        5        5        5        5        5       5     5     5
  Preliminary Profitability Rating                                           3.0               3.0        5.0       5.0      5.0      5.0      5.0      5.0      5.0     5.0   5.0   5.0    #DIV/0!   ###### ###### ###### ###### ###### ###### ######

5. FOREIGN CURRENCY EXPOSURE
  (a) Overall Open Foreign Exchange position to Regulatory Capital           N/A               N/A        N/A      N/A       N/A      N/A      N/A      N/A      N/A     N/A   N/A   N/A
  (b) Liquid Assets Excess (Deficiency) to Total Assets                      N/A               N/A        N/A      N/A       N/A      N/A      N/A      N/A      N/A     N/A   N/A   N/A
 Preliminary Asset Quality Rating                                            N/A               N/A        N/A      N/A       N/A      N/A      N/A      N/A      N/A     N/A   N/A   N/A    #DIV/0!   ###### ###### ###### ###### ###### ###### ######
Preliminary Composite Rating                                                 3.3               3.3        3.9      5.0       5.0      5.0      5.0      5.0      5.0     5.0   5.0   5.0
NON BANKS FINANCIAL INSTITUTIONS

BUILDING SOCIETIES CONSOLIDATED MONTHLY BALANCE SHEET

(Figures in K' million)                            Dec 09       Nov 09       Oct 09       Sept 09       Aug 09       July 09       June 09       May 09       April 09       Mar 09     Feb-09       Jan 09



ASSETS

Cash                                                    267          234          179          167           197           207          158           185           141          131        150           926

Balances with Bank of Zambia                                0            0            -             0            0             0             0            0              0         0             0             0

Balances with Financial Institutions in Zambia       64,743       69,936        79,118       73,146       79,105        78,698        71,485       70,242        70,307       69,006     65,031         65,690

Balances with Financial Institutions Abroad                 0            0            -             0            0             0             0            0              0         0             0             0

Investment in securities                                674          674          674          723           723           723          723           723           723          723        722           722

Mortgage Advances                                   146,879      147,201       150,031     147,927       144,154       139,650      135,479       133,968       128,041      130,807    138,143        142,405

Less allowances for mortgage advance losses           8,920        8,063         8,070        7,080        6,697         5,941         4,748        3,141         3,024        2,893      3,037          2,926

Net Mortgage Advances                               137,959      139,138       141,961     140,847       137,457       133,709      131,376       130,827       125,017      127,914    135,106        139,479

Bills of Exchange                                           0            0            -             0            0             0             0            0              0         0             0             0

Inter-branch                                          6,954        6,774         6,914        6,403        6,939         5,957         5,063        4,394         1,614          619        801                0

Fixed Assets                                         72,149       72,345        72,504       72,683       49,567        49,750        49,867       50,028        49,981       51,135     50,704         50,790

Other Assets                                         34,475       35,294        35,293       23,614       21,328        19,642        19,381       17,897        16,831       17,705     16,236         16,674

TOTAL ASSETS                                        317,221      324,395       336,643     317,583       295,316       288,686      277,408       274,296       264,614      267,233    268,750        274,281

SHAREHOLDER'S FUNDS AND LIABILITIES

Demand Deposits                                      35,622       55,713        36,083       36,616       36,187         2,466         2,372        2,152         2,080        1,920      1,702          1,493

Savings Deposits                                     60,928       43,364        71,975       71,944       73,873       100,844        94,454      100,933        89,718       90,773     89,164         93,234

Time Deposits                                        13,701       13,271        17,887       15,341       16,116        16,616        16,348       18,196        18,784       18,472     20,062         21,012

TOTAL DEPOSITS                                      110,251      112,348       125,945     123,901       126,176       119,926      113,174       121,281       110,582      111,165    110,928        115,739

Balances Due to Bank of Zambia                              0            0            -             0            0             0             0            0              0         0             0             0

Balances Due to Financial Institutions in Zambia     25,861       27,613        27,613       25,555       26,005        26,005        22,330       16,897        16,897       16,499     17,376         16,926

Balances Due to Financial Institutions Abroad        29,346       31,410        31,309       28,825       28,705        30,702        27,855       23,319        25,338       24,582     24,958         23,096

Bills of Exchange                                           0            0            -             0            0             0             0            0              0         0             0             0

Inter-branch                                                0            0            -             0            0             0             0            0              0         0             0        117

Other Liabilites                                     61,893       63,208        62,233       62,063       59,317        58,312        56,672       55,856        54,929       58,267     57,684         61,348

Other Borrowed Funds                                  6,943        7,052         7,074        6,953        7,174         6,785        10,895       11,066        11,615       11,761     22,146         21,375

TOTAL LIABILITES                                    234,294      241,631       254,174     247,297       247,377       241,730      230,926       228,419       219,361      222,274    233,092        238,601

SHAREHOLDER'S FUNDS

Paid Share Capital                                   59,998       59,988        59,988       48,278       48,279        48,277        48,277       48,252        48,252       48,252     35,754         35,755

Share Premium                                               0            0            -             0            0             0             0            0              0         0             0             0

Retained Earnings (loss)                              (4,796)     (26,325) -    26,620       (4,472)       (3,416)      -3,645        -3,275        -3,330       -3,665        -3,674       279           152

Revaluation reserves (Fixed Assets)                  47,526       47,526        47,526       68,785       46,265        46,265        46,265       46,264        46,265       46,265     46,265         46,265

Statutory reserves                                          0            0            -             0            0             0             0            0              0         0             0             0

Other Reserves                                       (19,801)      1,575         1,575      (42,305)      (43,189)     -43,941       -44,785       -45,309      -45,599       -45,884   -46,640        -46,492

Total Reserves                                       22,929       22,776        22,481       22,008         (340)       -1,321        -1,795        -2,375       -2,999        -3,293       -96               -75

SHAREHOLDERS FUNDS                                   82,927       82,764        82,469       70,286       47,939        46,956        46,482       45,877        45,253       44,959     35,658         35,680

SHAREHOLDERS' FUNDS & LIABILITIES                   317,221      324,395       336,643     317,583       295,316       288,686      277,408       274,296       264,614      267,233    268,750        274,281



Off-Balance Sheet Exposure                                  0            0            -             0            0         -            -                 0              0         0             0             0



Gross Non-performing Loans/Leases                    21,300       22,531        21,394       19,176       22,555        16,325       15,114        10,957         7,680        6,523     10,950          7,945

Provision                                             8,920        8,063         8,070        7,080        6,320         5,941        4,748         2,394         2,898        2,767      2,911          1,427

Net                                                  12,380       14,468        13,324       12,096       16,235        10,384       10,366         8,563         4,782        3,756      8,039          6,518

				
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