bangladesh bank sector q1 ‘19 & 2018 earnings …...bangladesh bank sector 2018 & q1 ‘19...

Bangladesh Bank Sector Q1 ‘19 & 2018 Earnings Update

Top performers in Q1 ’19

Bangladesh Bank Sector 2018 & Q1 ‘19 Earnings Update Date: 24th June, 2019

1 EBL Securities Limited Research

Execution of Revised ADR, Basel III & huge NPL are the major provocation for Bank sector in 2019 albeit moderate growth is expected with neutral riposte from National Budget.

Industry Fundamentals

Number of Listed Banks 30

Market Cap. (in BDT mn) 594,179.7

Financial Position (in BDT mn) 2018 2018 Q1 2019 Q1

Loans & Advances 7,052,255 6,384,401 7,215,985

Investment 1,024,490 912,490 1,011,535

Deposits 7,408,676 6,741,114 7,488,254

Total Assets 9,622,193 8,771,846 9,790,832

Total Liabilities 8,956,969 8,156,729 9,112,205

Total Equity 662,779 607,743 669,698

Inc. Statement (in BDT mn) 2018 2018 3M 2019 3M

Interest Income 655,501 144,238 172,697

Interest Expense 428,225 96,121 115,750

Net Interest Income 227,276 48,117 56,947

Income from Investments 76,107 17,294 17,735

Comm. Exch. and Brokerage 71,776 16,470 20,233

Other Operating Income 27,188 4,965 5,421

Total Operating Income 402,347 86,845 100,336

Total Operating Expenses 205,840 46,989 51,419

Total Provisions 72,212 15,399 19,442

NPAT 68,614 11,149 14,102

Key Ratios 2018 2018 3M 2019 3M

EPS 3.09 0.52 0.61

NAVPS 27.45 26.96 28.07

Loan to Deposits* 95.71% 95.10% 96.77%

Operating Efficiency 50.34% 54.44% 51.54%

Net Interest Margin (%) 3.24% 3.04% 3.22%

ROA 0.73% 0.54% 0.62%

ROE 10.40% 7.81% 8.81%

Debt-Equity Ratio 1422.47% 1408.05% 1418.64%

W. Avg. Cost of Deposits 5.84% 5.57% 5.86%

W. Avg. Lending Rate 10.27% 9.99% 10.29%

Spread (3M Average ’18 & ’19) 4.43% 4.42% 4.42%

1. During the first half of 2019, some regulatory changes

like: policy framework for offshore banking operation,

relaxation of loan write-off policy (reduced to 3 years

from previous 5 years), relaxation of loan classification

(3 months’ time extension for each classification),

exclusion of bank’s investment in non-listed securities

(equity, bond, debenture, open-end mutual fund) were

brought in banking sector to reinstate stability.

2. 2019 is challenging for bank sector due to the

implementation of Basel III, revised ADR (time extended

up to September, 2019) and huge NPL.

3. Bank’s capital (both authorized and paid-up) is advised

to increase gradually to strengthen capital base thus in

coming days cash dividend yield of banks may become

less attractive and they may change their dividend

policy by disbursing stocks instead of cash.

4. Non-performing loans (NPLs) of banks reached to BDT

1.11 trillion at the end of March, 2019, highest ever in

the history of Bangladesh. Government move to issue

bailout packages for the defaulters encouraged good

borrowers for nonpayment which raised the default

amount. Extended timeframe for each loan

classification will become effective from July 1, which

may improve NPL in the short run but in the long run

there will be no qualitative change in NPL conditions.

5. Liquidity shortage in the money market instigated banks

to collect deposit at higher costs which raise interest

rates by 1% - 1.5% during first half of 2019. Increased

source tax for National Savings Certificate (NSC) in

recent proposed budget, online management of NSC

data may channel some funds in banking sector which

will help to overcome liquidity shortage to some extent

in days ahead.

6. There is no notable change in recent budget proposal

for bank sector that may stimulate current operation of

banks. Corporate Tax Rate remained same which was

revised last year (for listed financial sector companies to

37.5% and non-listed companies at 40.0%). *Total deposits (including interbank deposits and government deposits) are considered

while calculating loan to deposit ratio of listed private commercial banks



Rebased Performance: Banks Vs DSEX

The Correlation of the price movement of Bank Sector with the Market (DSEX) seemed strongly positive in 2018 whereas the divergence has widen slightly over the months. Inclusively, the Bank sector underperformed compared to the DSEX in 2018 (presented on the above graph). The Market lost 13.9% where the Bank Sector lost 22.5% in 2018 which is considered as a major correction for the industry. In the contrary, the Correlation of the price movement of Bank Sector with the Market (DSEX) seemed strongly positive in January & March where it was stable in February. Inclusively, the Banking sector over performed (marginally) compared to the DSEX in the three months period of 2019.

101.12

100.49 100.00

107.00

114.00

1-Jan-19 8-Jan-19 15-Jan-19 22-Jan-19 29-Jan-19 5-Feb-19 12-Feb-19 19-Feb-19 26-Feb-19 5-Mar-19 12-Mar-1919-Mar-1926-Mar-19

Rebased Performance of Banks (Q1 '19)

Banking Sector DSEX

77.51

86.11

65

70

75

80

85

90

95

100

105

1-Jan-18 15-Feb-18 1-Apr-18 16-May-18 30-Jun-18 14-Aug-18 28-Sep-18 12-Nov-18 27-Dec-18

Rebased Performance of Banks (2018)

Banking Sector DSEX



Ranking of Banks in Terms of Performance in 2018 & Q1 ‘19 The Ranking has been designed by assigning equal weights on particular eight criterions by EBL Securities Research Team. We do not recommend any specific Banks for Investment purposes based on this ranking. The considered criterions are EPS (Paid-up capital adjusted), Cost to Income Ratio (Operating Efficiency), Return on Equity, Return on Assets, Spread, Net Interest Margin, NPL Ratio (2018), and Dividend Yields (2018).

2018 Q1, 2019

Rank Banks Ratings Rank Banks Ratings

1 BRACBANK 73.77 1 BRACBANK 77.18

2 DUTCHBANGL 68.32 2 EBL 74.73

3 EBL 66.71 3 JAMUNABANK 68.09

4 JAMUNABANK 63.71 4 BANKASIA 59.51

5 ISLAMIBANK 58.13 5 PUBALIBANK 59.33

6 PUBALIBANK 55.39 6 UTTARABANK 57.18

7 PREMIERBAN 55.13 7 CITYBANK 56.49

8 UTTARABANK 54.46 8 DUTCHBANGL 55.00

9 ALARABANK 53.59 9 ALARABANK 53.71

10 BANKASIA 52.02 10 SHAHJABANK 50.84

11 EXIMBANK 50.76 11 PRIMEBANK 50.17

12 UCB 49.24 12 DHAKABANK 50.03

13 NCCBANK 48.28 13 PREMIERBAN 49.82

14 MERCANBANK 47.65 14 NCCBANK 49.63

15 TRUSTBANK 47.63 15 TRUSTBANK 48.77

16 CITYBANK 46.95 16 IFIC 48.77

17 DHAKABANK 46.23 17 FIRSTSBANK 48.64

18 MTB 45.84 18 MTB 47.36

19 PRIMEBANK 45.57 19 ISLAMIBANK 46.00

20 FIRSTSBANK 43.84 20 MERCANBANK 43.95

21 SOUTHEASTB 43.49 21 EXIMBANK 42.21

22 NBL 43.22 22 UCB 41.76

23 SIBL 41.87 23 SOUTHEASTB 40.25

24 ONEBANKLTD 40.73 24 SIBL 35.53

25 STANDBANKL 40.36 25 ONEBANKLTD 33.51

26 SHAHJABANK 38.85 26 NBL 27.94

27 IFIC 35.65 27 STANDBANKL 26.37

28 RUPALIBANK 18.95 28 ABBANK 18.64

29 ABBANK 17.31 29 RUPALIBANK 16.11

Notes: 1. ICBIBANK has been excluded while calculating Industry Average and has not been presented in this report as most of the information of this bank is not available.



Top performers at a glimpse (2018 & Q1 of 2019)

Net Profit after Tax (NPAT)

• ISLAMIBANK had the highest NPAT of BDT 6,310 mn in 2018 followed by BRACBANK's NPAT of BDT 5,546 mn & DUTCHBANGL's NPAT of BDT 4,201 mn.

• BRACBANK had the highest NPAT of BDT 1,306 mn in 3M of 2019 followed by EBL’s NPAT of BDT 861 mn and PUBALIBANK’s NPAT of BDT 841 mn in the same period.

NPAT Growth

• PUBALIBANK has noted highest 6,247% growth in NPAT in 2018. PUBALIBANK has attained this unsually remarkable growth for lower earnings in 2017 due to huge provisioning. SOUTHEASTB recorded 111.6% & PRIMEBANK recorded 85.4% growth in NPAT in 9M of 2018.

• UTTARABANK has recorded 142.4%, CITYBANK 107.3% & IFIC 77.9% growth (YOY) in NPAT in Q1 of 2019.

Earnings Per Share (EPS)

• DUTCHBANGL has noted highest EPS in the Banking industry with BDT 21.01 in 2018. Besides, Besides, BRACBANK recorded BDT 5.17, EBL recorded BDT 4.22 and UTTARABANK recorded BDT 4.17 earnings per share in 2018.

• In Q1 of 2019, DUTCHBANGL, BRACBANK & EBL were the best performers in terms of generating higher EPS. They recorded BDT 2.37, 1.22 & 1.17 EPS respectively.

Net Interest Income Growth

• DHAKABANK recorded 64% growth in Net Interest Income which is highest in the industry followed by PRIMEBANK 57% & PREMIERBAN 46% in 2018.

• In Q1 of 2019, ABBANK has recorded 127%, SHAHJABANK 61% & UTTARABANK 37% growth (YOY) in Net interest income.

Net Interest Margin

• BRACBANK has recorded highest Net interest margin of 6.6% in 2018 where DUTCHBANGL was in 2nd tier with 6.4% margin followed by UTTARABANK having 4.8% net interest margin.

• DUTCHBANGL, BRACBANK & UTTARABANK has recorded 6.8%, 6.7% & 5.6% Net interest margin in Q1 of 2019 respectively.

Operating Effciency Ratio

• SOUTHEASTB turns out to be the most efficient bank in 2018 with 34.6% efficiency ratio followed by STANDBANKL's 36.3% & TRUSTBANK's 37.6% efficiency ratio.

• In Q1 of 2019, TRUSTBANK was the most efficient bank with 34.4% cost to income ratio while NCCBANK & SOUTHEASTB were in the array with 34.9% & 35.1% efficiency ratio respectively.

Return on Equity (ROE)

• DUTCHBANGL logged 18.2% ROE in 2018 whereas MERCABANK was in the rally with 15.7% ROE along with PREMIERBANK having 14.7% ROE.

• In Q1 of 2019, BRACBANK recorded 14.4% ROE, EBL noted 14.2% ROE & FIRSTSBANK logged 13.8% ROE.



Financial Position Updates Loans & Advances: The lending activities were accelerated by 14.1% (YOY) in 2018 & 13.0% (YOY) in 3M period of

2019 to affiliate with modest deposit collection in the same periods. The total sector’s Loans & Advances mounted at BDT 7,052.26 bn as on December 2018 and BDT 7,215.99 bn as on March 2019.

Deposits: For backing up the investment activities, Banks were levelheadedly aggressive to raise deposits from the clients. The total Deposit of the Banking Sector logged 11.0% YOY growth in 2018 & 11.1% YOY growth in 3M of 2019. Total Deposits stood at BDT 7,408.68 bn as on December 2018 and BDT 7,488.25 bn as on March 2019.

Total Assets & Liabilities: The total Assets of the Banking industry puffed-up by 12.0% (YOY) in 2018 and 11.6% (YOY) in Q1 of 2019 which was backed by the remarkable growth in Loans & Advances. On the other hand, Total liabilities of the sector recorded 12.1% YOY growth in 2018 & 11.7% YOY growth in 3M of 2019.

Income Statement Updates Net Interest Income increased by 18.2% YOY in 2018 and 19.7% (YOY) in Q1 of 2019 while Net Interest Margin was

6.45% in 2018 and 3.20% in 3M of 2019. Overall Interest Expense has increased in 2018 & Q1 of 2019 due to the higher weighted average cost of deposit. Cost of deposit was 5.84% in 2018 compared to 5.20% in 2017 while it was 5.86% in Q1 of 2019 compared to 5.57% in Q1 of 2018. Moreover, Banks are running more efficiently in 3M of 2019 with 51.5% efficiency ratio compared to 54.4% efficiency ratio in 3M of 2018 whereas it was 51.2% in 2018.

Most of the Banks experienced negative growth in the Income from Investments due to the low-spirited performance of the capital market in 2018. The Sector recorded 7.9% YOY degrowth in Investment Income in the aforesaid period. Income from Exchange, Commissions & Brokerage slightly decreased in 2018. Besides, Investment income up surged by 2.6% (YOY) and Commission, Exchange & Brokerage income was increased by 22.8% (YOY) in Q1 of 2019.

Total operating income increased by 7.8% YOY in 2018 & 15.5% YOY in Q1 of 2019. On the other hand, total operating expense has increased by 9.4% YOY in 2018 and 9.4% (YOY basis) in Q1 of 2019.

The Banking sector has provisioned BDT 72,212 mn against classified loans in 2018 compared to BDT 66,913 mn in 2017. On the other hand, total provision was BDT 19,442 mn in Q1 of 2019 compared to 15,399 mn in Q1 of 2018.

Net Profit after Tax stood at BDT 68,614 mn in 2018 compared to BDT 64,220 mn in 2017 having 6.8% YOY growth. Besides, NPAT was BDT 14,102 mn in Q1 of 2019 compared to 11,149 mn in Q1 of 2018.

Graphical Presentation & Summarized Performance of Banks

Pages 6 to 13 presents the Graphical Presentation of the performance of the Banks in 2018 and Q1 of 2019. The key performance indicators like Net Profit after Tax (NPAT), NPAT Growth, Earnings per Share, Net Interest Income Growth, Net Interest Margin, Operating Efficiency Ratio, Return on Asset, Return on Equity, Weighted Average Spread, Total Deposits, Total Loans & Advances & Net Asset Value per Share have been presented there.

Annexure 1 at page 14 presents the Ranking of Banks based on the performance of 3M of 2019. Annexure 2 at page 15 presents the Ranking of Banks based on the performance of 2018. Annexure 3 (at page 16 to 21) presents the brief performance of Banks in 3M of 2019. Annexure 4 (at page 22 to 27) presents the brief performance of Banks in 2018. While calculating Industry Average, most of the time ICBIBANK has been excluded for its extreme & outlier values. While calculating NPAT growth of the Industry, outliers have been excluded. PUBALIBANK’s NPAT growth was 6247% (it’s an outlier) which has not been presented on the graph as most of the

bank’s growth was nearly 7.2%.



Graphical Presentation of Selected Indicators

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NPAT- Q1 of 2019 (in BDT mn)

NPAT Industry Average

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NPAT- 2018 (in BDT mn)

NPAT Industry Average

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NPAT Growth- Q1 of 2019 (YOY)

NPAT Growth Industry Average



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NPAT Growth- 2018 (YOY)

NPAT Growth Industry Average

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EPS- Q1 of 2019 (BDT)

EPS Industry Average

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EPS- 2018 (BDT)

EPS Industry Average



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SOU

THEA

STB

UC

B

MER

CA

NB

AN

K

STA

ND

BA

NK

L

PR

EMIE

RB

AN

DH

AK

AB

AN

K

TRU

STB

AN

K

ISLA

MIB

AN

K

ON

EBA

NK

LTD

BR

AC

BA

NK

PU

BA

LIB

AN

K

MTB

PR

IMEB

AN

K

BA

NK

ASI

A

EBL

EXIM

BA

NK

DU

TCH

BA

NG

L

ALA

RA

BA

NK

IFIC

CIT

YBA

NK

NC

CB

AN

K

SIB

L

NB

L

FIR

STSB

AN

K

JAM

UN

AB

AN

K

UTT

AR

AB

AN

K

SHA

HJA

BA

NK

AB

BA

NK

Net Interest Income Growth- Q1 of 2019 (YoY)

Net Interest Income Growth Industry Average

-29

%

-28

%

-18

% 0% 4% 8% 10

%

12

%

13

%

14

%

14

%

17

%

22

%

22

%

22

%

22

%

24

%

26

%

27

%

28

%

29

%

29

%

30

%

31

% 39

%

41

%

46

% 57

%

64

%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

-30%

-20%

-10%

0%

10%

20%

30%

40%

50%

60%

70%

AB

BA

NK

RU

PA

LIB

AN

K

IFIC

ALA

RA

BA

NK

UC

B

NB

L

FIR

STSB

AN

K

SIB

L

TRU

STB

AN

K

ISLA

MIB

AN

K

PU

BA

LIB

AN

K

BR

AC

BA

NK

NC

CB

AN

K

MER

CA

NB

AN

K

MTB

CIT

YBA

NK

STA

ND

BA

NK

L

EXIM

BA

NK

SHA

HJA

BA

NK

ON

EBA

NK

LTD

SOU

THEA

STB

EBL

DU

TCH

BA

NG

L

UTT

AR

AB

AN

K

JAM

UN

AB

AN

K

BA

NK

ASI

A

PR

EMIE

RB

AN

PR

IMEB

AN

K

DH

AK

AB

AN

K

Net Interest Income Growth- 2018 (YoY)

Net Interest Income Growth Industry Average

34

%

35

%

35

%

39

%

40

%

41

%

41

%

43

%

43

%

45

%

46

%

47

%

47

%

50

%

51

%

51

%

54

%

54

%

55

%

57

%

58

%

58

%

60

%

61

%

62

%

63

% 69

% 77

%

80

%

30%

40%

50%

60%

70%

80%

30%

40%

50%

60%

70%

80%

TRU

STB

AN

K

NC

CB

AN

K

SOU

THEA

STB

PU

BA

LIB

AN

K

SHA

HJA

BA

NK

BA

NK

ASI

A

DH

AK

AB

AN

K

ISLA

MIB

AN

K

EBL

MER

CA

NB

AN

K

ALA

RA

BA

NK

JAM

UN

AB

AN

K

IFIC

SIB

L

ON

EBA

NK

LTD

MTB

CIT

YBA

NK

FIR

STSB

AN

K

PR

EMIE

RB

AN

NB

L

PR

IMEB

AN

K

UTT

AR

AB

AN

K

STA

ND

BA

NK

L

BR

AC

BA

NK

DU

TCH

BA

NG

L

EXIM

BA

NK

AB

BA

NK

UC

B

RU

PA

LIB

AN

K

Operating Efficiency Ratio- Q1 of 2019

Operating Efficiency Ratio Industry Average



35

%

36

%

38

%

40

%

41

%

43

%

43

%

44

%

46

%

46

%

47

%

47

%

47

%

48

%

48

%

49

%

49

%

50

%

52

%

52

% 57

%

58

%

58

%

59

%

62

%

62

%

64

% 68

% 72

%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

30%

35%

40%

45%

50%

55%

60%

65%

70%

75%

SOU

THEA

STB

STA

ND

BA

NK

L

TRU

STB

AN

K

DH

AK

AB

AN

K

NC

CB

AN

K

NB

L

BA

NK

ASI

A

EXIM

BA

NK

EBL

PR

EMIE

RB

AN

SIB

L

ON

EBA

NK

LTD

MER

CA

NB

AN

K

PU

BA

LIB

AN

K

ISLA

MIB

AN

K

SHA

HJA

BA

NK

ALA

RA

BA

NK

MTB

FIR

STSB

AN

K

JAM

UN

AB

AN

K

PR

IMEB

AN

K

CIT

YBA

NK

UC

B

IFIC

UTT

AR

AB

AN

K

AB

BA

NK

BR

AC

BA

NK

DU

TCH

BA

NG

L

RU

PA

LIB

AN

K

Operating Efficiency Ratio- 2018

Operating Efficiency Ratio Industry Average

0.3

%

0.9

%

1.1

%

1.5

%

1.7

%

1.9

%

2.4

%

2.5

%

2.6

%

2.8

%

2.8

%

2.9

%

3.0

%

3.1

%

3.3

%

3.4

%

3.6

%

3.6

%

3.7

%

3.7

%

3.7

%

3.8

%

3.9

%

4.0

%

4.0

%

4.1

% 5.6

% 6.7

%

6.8

%

0.0 %

1.0 %

2.0 %

3.0 %

4.0 %

5.0 %

6.0 %

7.0 %

0.0 %

1.0 %

2.0 %

3.0 %

4.0 %

5.0 %

6.0 %

7.0 %

RU

PA

LIB

AN

K

AB

BA

NK

NB

L

SOU

THEA

STB

EXIM

BA

NK

MER

CA

NB

AN

K

STA

ND

BA

NK

L

IFIC

DH

AK

AB

AN

K

PR

EMIE

RB

AN

UC

B

ON

EBA

NK

LTD

FIR

STSB

AN

K

MTB

SIB

L

TRU

STB

AN

K

NC

CB

AN

K

PU

BA

LIB

AN

K

PR

IMEB

AN

K

ISLA

MIB

AN

K

SHA

HJA

BA

NK

BA

NK

ASI

A

ALA

RA

BA

NK

CIT

YBA

NK

EBL

JAM

UN

AB

AN

K

UTT

AR

AB

AN

K

BR

AC

BA

NK

DU

TCH

BA

NG

L

Net Interest Margin- Q1 of 2019 (%)

Net Interest Margin Industry Average

0.9

%

1.0

%

1.8

%

1.9

%

2.2

%

2.2

%

2.5

%

2.6

%

3.0

%

3.1

%

3.1

%

3.1

%

3.2

%

3.2

%

3.2

%

3.2

%

3.2

%

3.3

%

3.3

%

3.5

%

3.6

%

3.7

%

3.7

%

3.8

%

3.8

%

4.0

%

4.8

% 6.4

%

6.6

%

0.0 %

1.0 %

2.0 %

3.0 %

4.0 %

5.0 %

6.0 %

7.0 %

0.0 %

1.0 %

2.0 %

3.0 %

4.0 %

5.0 %

6.0 %

7.0 %

AB

BA

NK

RU

PA

LIB

AN

K

MER

CA

NB

AN

K

SOU

THEA

STB

NB

L

IFIC

STA

ND

BA

NK

L

EXIM

BA

NK

FIR

STSB

AN

K

DH

AK

AB

AN

K

SHA

HJA

BA

NK

TRU

STB

AN

K

MTB

ON

EBA

NK

LTD

NC

CB

AN

K

UC

B

JAM

UN

AB

AN

K

ALA

RA

BA

NK

PU

BA

LIB

AN

K

EBL

ISLA

MIB

AN

K

BA

NK

ASI

A

PR

IMEB

AN

K

SIB

L

PR

EMIE

RB

AN

CIT

YBA

NK

UTT

AR

AB

AN

K

DU

TCH

BA

NG

L

BR

AC

BA

NK

Net Interest Margin- 2018 (%)

Net Interest Margin Industry Average



1% 2% 3% 4% 5% 5% 5% 6% 6% 6% 7% 8% 8% 8% 10

%

10

%

10

%

11

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

12

%

14

%

14

%

14

%

0%

2%

4%

6%

8%

10%

12%

14%

16%

AB

BA

NK

RU

PA

LIB

AN

K

STA

ND

BA

NK

L

NB

L

ISLA

MIB

AN

K

EXIM

BA

NK

ON

EBA

NK

LTD

PR

IMEB

AN

K

UC

B

SIB

L

SOU

THEA

STB

DU

TCH

BA

NG

L

NC

CB

AN

K

ALA

RA

BA

NK

DH

AK

AB

AN

K

UTT

AR

AB

AN

K

IFIC

MER

CA

NB

A…

BA

NK

ASI

A

PR

EMIE

RB

AN

PU

BA

LIB

AN

K

CIT

YBA

NK

JAM

UN

AB

A…

SHA

HJA

BA

NK

MTB

TRU

STB

AN

K

FIR

STSB

AN

K

EBL

BR

AC

BA

NK

Return on Equity- Q1 of 2019

ROE Industry Average

0% 2

%

7% 8% 8% 8% 8% 9% 9% 9% 9% 9% 10

%

10

%

10

%

10

%

11

%

11

%

11

%

12

%

13

%

13

%

13

%

13

%

14

%

14

%

15

%

16

% 18

%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%

AB

BA

NK

RU

PA

LIB

AN

K

IFIC

DH

AK

AB

AN

K

EXIM

BA

NK

SHA

HJA

BA

NK

STA

ND

BA

NK

L

PR

IMEB

AN

K

NB

L

SOU

THEA

STB

CIT

YBA

NK

UC

B

BA

NK

ASI

A

ON

EBA

NK

LTD

SIB

L

NC

CB

AN

K

ALA

RA

BA

NK

UTT

AR

AB

AN

K

ISLA

MIB

AN

K

FIR

STSB

AN

K

JAM

UN

AB

AN

K

MTB

EBL

PU

BA

LIB

AN

K

BR

AC

BA

NK

TRU

STB

AN

K

PR

EMIE

RB

AN

MER

CA

NB

AN

K

DU

TCH

BA

NG

L

Return on Equity- 2018

ROE Industry Average

0.1

%

0.1

%

0.2

%

0.3

%

0.3

%

0.3

%

0.4

%

0.4

%

0.4

%

0.5

%

0.5

%

0.5

%

0.5

%

0.6

%

0.6

%

0.6

%

0.6

%

0.7

%

0.7

%

0.7

%

0.8

%

0.8

%

0.8

%

0.9

%

0.9

%

0.9

%

1.0

% 1.2

% 1.4

%

0.0 %

0.2 %

0.4 %

0.6 %

0.8 %

1.0 %

1.2 %

1.4 %

-0.1%

0.1 %

0.3 %

0.5 %

0.7 %

0.9 %

1.1 %

1.3 %

1.5 %

RU

PA

LIB

AN

K

AB

BA

NK

STA

ND

BA

NK

L

ISLA

MIB

AN

K

ON

EBA

NK

LTD

SIB

L

EXIM

BA

NK

NB

L

UC

B

FIR

STSB

AN

K

SOU

THEA

STB

DU

TCH

BA

NG

L

ALA

RA

BA

NK

PR

IMEB

AN

K

DH

AK

AB

AN

K

NC

CB

AN

K

TRU

STB

AN

K

MER

CA

NB

AN

K

SHA

HJA

BA

NK

MTB

PU

BA

LIB

AN

K

PR

EMIE

RB

AN

UTT

AR

AB

AN

K

BA

NK

ASI

A

IFIC

CIT

YBA

NK

JAM

UN

AB

AN

K

EBL

BR

AC

BA

NK

Return on Assets- Q1 of 2019

ROA Industry Average



0.0

%

0.1

%

0.1

% 0.4

%

0.5

%

0.5

%

0.5

%

0.5

%

0.6

%

0.6

%

0.6

%

0.6

%

0.6

%

0.7

%

0.7

%

0.7

%

0.7

%

0.7

%

0.8

%

0.8

%

0.9

%

0.9

%

0.9

%

1.0

%

1.0

%

1.0

%

1.1

%

1.2

% 1.6

%

0.0 %

0.2 %

0.4 %

0.6 %

0.8 %

1.0 %

1.2 %

1.4 %

1.6 %

0.0 %

0.2 %

0.4 %

0.6 %

0.8 %

1.0 %

1.2 %

1.4 %

1.6 %

AB

BA

NK

PR

IMEB

AN

K

RU

PA

LIB

AN

K

FIR

STSB

AN

K

SHA

HJA

BA

NK

DH

AK

AB

AN

K

SIB

L

ON

EBA

NK

LTD

IFIC

EXIM

BA

NK

ISLA

MIB

AN

K

STA

ND

BA

NK

L

SOU

THEA

STB

UC

B

CIT

YBA

NK

TRU

STB

AN

K

BA

NK

ASI

A

ALA

RA

BA

NK

NC

CB

AN

K

MTB

UTT

AR

AB

AN

K

PU

BA

LIB

AN

K

NB

L

MER

CA

NB

AN

K

JAM

UN

AB

AN

K

PR

EMIE

RB

AN

EBL

DU

TCH

BA

NG

L

BR

AC

BA

NK

Return on Assets- 2018

ROA Industry Average

2.8

%

3.0

%

3.3

%

3.4

%

3.4

%

3.5

%

3.7

%

3.7

%

3.8

%

3.9

%

4.0

%

4.1

%

4.2

%

4.3

%

4.3

%

4.4

%

4.5

%

4.6

%

4.7

%

4.8

%

4.8

%

4.9

%

4.9

%

5.0

%

5.0

%

5.1

%

5.3

% 7.1

% 8.0

%

2.5 %

3.5 %

4.5 %

5.5 %

6.5 %

7.5 %

8.5 %

NB

L

MER

CA

NB

AN

K

SOU

THEA

STB

ALA

RA

BA

NK

ISLA

MIB

AN

K

RU

PA

LIB

AN

K

STA

ND

BA

NK

L

EXIM

BA

NK

FIR

STSB

AN

K

SIB

L

NC

CB

AN

K

UC

B

PU

BA

LIB

AN

K

ON

EBA

NK

LTD

MTB

DH

AK

AB

AN

K

AB

BA

NK

JAM

UN

AB

AN

K

TRU

STB

AN

K

BA

NK

ASI

A

IFIC

UTT

AR

AB

AN

K

SHA

HJA

BA

NK

PR

IMEB

AN

K

CIT

YBA

NK

EBL

PR

EMIE

RB

AN

BR

AC

BA

NK

DU

TCH

BA

NG

L

Average Spread (Jan to Mar '19)

Average Spread Industry Average

2.8

%

3.0

%

3.3

%

3.4

%

3.5

%

3.8

%

3.9

%

3.9

%

3.9

%

3.9

%

4.1

%

4.3

%

4.4

%

4.4

%

4.4

%

4.5

%

4.5

%

4.6

%

4.6

%

4.6

%

4.6

%

4.7

%

4.8

%

4.8

%

4.9

%

5.0

%

5.1

%

7.4

%

7.4

%

2.0 %

3.0 %

4.0 %

5.0 %

6.0 %

7.0 %

8.0 %

MER

CA

NB

AN

K

NB

L

ISLA

MIB

AN

K

EXIM

BA

NK

ALA

RA

BA

NK

SOU

THEA

STB

FIR

STSB

AN

K

NC

CB

AN

K

STA

ND

BA

NK

L

RU

PA

LIB

AN

K

IFIC

PU

BA

LIB

AN

K

DH

AK

AB

AN

K

SIB

L

MTB

AB

BA

NK

TRU

STB

AN

K

UC

B

PR

IMEB

AN

K

SHA

HJA

BA

NK

JAM

UN

AB

AN

K

ON

EBA

NK

LTD

UTT

AR

AB

AN

K

EBL

BA

NK

ASI

A

CIT

YBA

NK

PR

EMIE

RB

AN

BR

AC

BA

NK

DU

TCH

BA

NG

L

Average Spread (2018)

Spread Industry Average



11

5

14

9

16

3

17

0

17

3

17

9

19

0

19

1

20

7

20

7

21

3

21

4

21

5

22

3

22

9

23

8

24

2

24

3

25

4

25

6

25

9

26

4

26

5

27

7

30

6

31

1

32

6

32

9

80

9

100

200

300

400

500

600

700

800

100

200

300

400

500

600

700

800

UTT

AR

AB

AN

K

STA

ND

BA

NK

L

PR

EMIE

RB

AN

JAM

UN

AB

AN

K

MTB

NC

CB

AN

K

DH

AK

AB

AN

K

SHA

HJA

BA

NK

TRU

STB

AN

K

ON

EBA

NK

LTD

EBL

IFIC

PR

IMEB

AN

K

BA

NK

ASI

A

MER

CA

NB

AN

K

DU

TCH

BA

NG

L

SIB

L

BR

AC

BA

NK

CIT

YBA

NK

AB

BA

NK

RU

PA

LIB

AN

K

PU

BA

LIB

AN

K

ALA

RA

BA

NK

SOU

THEA

STB

UC

B

EXIM

BA

NK

FIR

STSB

AN

K

NB

L

ISLA

MIB

AN

K

Loans & Advances- as on Mar '19 (in BDT bn)

11

9

14

6

15

9

16

6

16

7

17

7

18

0

18

8

19

9

19

9

20

8

21

1

21

7

21

8

22

8

23

2

23

2

23

8

23

8

24

8

24

9

26

2

26

8

27

1

29

7

30

6

31

1

31

7

80

1

100

200

300

400

500

600

700

800

100

200

300

400

500

600

700

800

UTT

AR

AB

AN

K

STA

ND

BA

NK

L

PR

EMIE

RB

AN

MTB

JAM

UN

AB

AN

K

NC

CB

AN

K

DH

AK

AB

AN

K

SHA

HJA

BA

NK

ON

EBA

NK

LTD

TRU

STB

AN

K

PR

IMEB

AN

K

IFIC

EBL

BA

NK

ASI

A

MER

CA

NB

AN

K

DU

TCH

BA

NG

L

CIT

YBA

NK

SIB

L

BR

AC

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RU

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LIB

AN

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AB

BA

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ALA

RA

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BA

LIB

AN

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UC

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EXIM

BA

NK

FIR

STSB

AN

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NB

L

ISLA

MIB

AN

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Loans & Advances- as on Dec '18 (in BDT bn)

14

5

16

0

16

6

17

5

18

6

18

7

18

9

20

2

20

2

20

5

21

1

21

3

21

6

22

2

22

4

23

1

23

9

24

4

26

0

27

0

27

2

30

1

30

1

30

8

31

0

31

9

32

6

36

9

83

7

100

200

300

400

500

600

700

800

100

200

300

400

500

600

700

800

UTT

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Deposits- as on Mar '19 (in BDT bn)



15

3

15

5

16

6

16

9

17

7

18

8

19

1

19

7

19

7

19

9

20

2

20

5

21

3

22

3

22

6

23

0

23

5

24

8

25

5

26

2

26

6

29

7

29

8

30

0

30

8

31

5

32

0

39

0

82

2

120

220

320

420

520

620

720

820

120

220

320

420

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620

720

820

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Deposits- as on Dec '18 (in BDT bn)

16

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17

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17

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18

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18

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19

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19

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19

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20

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20

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21

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21

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21

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23

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23

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24

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24

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26

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27

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27

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28

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34

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37

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46

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11

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10.0

30.0

50.0

70.0

90.0

110 .0

10.0

30.0

50.0

70.0

90.0

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NB

L

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NAVPS- as on Mar '19 (in BDT)

15

.6

16

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17

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17

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17

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18

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19

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19

.4

20

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20

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21

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21

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22

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.9

23

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23

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23

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25

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26

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27

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27

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31

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31

.7

32

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34

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36

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45

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11

5.4

15.0

35.0

55.0

75.0

95.0

115 .0

15.0

35.0

55.0

75.0

95.0

115 .0

FIR

STSB

AN

K

NB

L

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NAVPS- as on Dec '18 (in BDT)

NAVPS Industry Average



Annexure: 1 Rating Criterions of Banks in Terms of Performance in Q1 of 2019 The ranking was designed by the EBL Securities Research Team by assigning equal weights to eight different criterions. The criterions considered are EPS (Paid up cap. Adjusted), Cost to Income Ratio, Return on Equity, Return on Asset, Spread, Net Interest Margin, NPL Ratio (2018), and Dividend Yields (2018).

Banks Rating Criterions & Points

EPS Cost to Income ROE Spread ROA NIM NPL Ratio Div. Yields Points on 100

EBL 6.59 7.92 9.83 6.38 8.28 5.90 10.00 4.89 74.73 MERCANBANK 3.95 7.69 7.46 3.70 4.84 2.76 4.77 - 43.95 ONEBANKLTD 1.49 6.80 3.67 5.34 1.99 4.25 3.26 - 33.51 CITYBANK 5.86 6.42 8.35 6.29 6.34 5.87 4.32 1.75 56.49 DUTCHBANGL 3.63 5.51 5.57 10.00 3.74 10.00 5.56 - 55.00 BRACBANK 10.00 5.61 10.00 8.86 10.00 9.85 7.42 - 77.18 ISLAMIBANK 4.96 7.94 3.19 4.23 1.76 5.51 5.58 3.64 46.00 SOUTHEASTB 3.82 9.78 4.85 4.06 3.55 2.22 3.92 - 40.25 TRUSTBANK 3.23 10.00 8.57 5.84 4.47 5.01 2.91 - 50.03 BANKASIA 5.28 8.46 8.00 5.98 6.13 5.68 5.61 2.49 59.51 DHAKABANK 3.29 8.44 6.74 5.55 4.21 3.91 4.61 3.10 49.82 EXIMBANK 2.73 5.42 3.45 4.64 2.70 2.52 4.50 7.46 41.76 FIRSTSBANK 3.59 6.41 9.58 4.73 3.45 4.37 6.89 - 48.77 ALARABANK 3.57 7.53 5.87 4.20 3.81 5.75 5.61 6.63 53.71 ABBANK 0.60 5.00 0.91 5.65 0.68 1.37 0.70 - 18.64 IFIC 4.86 7.31 7.21 5.99 6.20 3.72 3.73 - 48.77 JAMUNABANK 4.26 7.36 8.37 5.80 6.84 6.08 5.76 10.00 68.09 MTB 3.22 6.76 8.50 5.38 5.22 4.61 4.20 - 47.36 NBL 3.30 6.04 2.65 3.48 2.91 1.55 2.42 - 27.94 NCCBANK 2.87 9.84 5.72 4.96 4.32 5.26 3.97 2.77 49.63 PREMIERBAN 3.51 6.26 8.00 6.64 5.77 4.19 5.76 - 50.17 PRIMEBANK 3.22 5.95 4.37 6.20 3.85 5.51 3.73 6.08 48.64 PUBALIBANK 6.44 8.80 8.29 5.30 5.71 5.33 4.21 3.38 59.33 RUPALIBANK 0.72 4.32 1.50 4.39 0.59 0.38 0.98 - 16.11 SHAHJABANK 3.58 8.50 8.47 6.14 5.12 5.51 3.36 - 50.84 SIBL 1.98 6.82 4.47 4.93 2.37 4.81 3.05 - 35.53 STANDBANKL 0.81 5.69 1.97 4.59 1.45 3.61 2.96 - 26.37 UCB 3.52 4.47 4.40 5.08 3.11 4.20 3.39 5.60 42.21 UTTARABANK 2.87 5.89 6.86 6.13 5.88 8.31 3.64 6.18 57.18



Annexure: 2 Rating Criterions of Banks in Terms of Performance in 2018 The ranking was designed by the EBL Securities Research Team by assigning equal weights to eight different criterions. The criterions considered are EPS (Paid up cap. Adjusted), Cost to Income Ratio, Return on Equity, Return on Asset, Spread, Net Interest Margin, NPL Ratio (2018), and Dividend Yields (2018).

Banks Rating Criterions & Points

EPS Cost to Income ROE Spread ROA NIM NPL Ratio Div. Yields Points on 100

EBL 4.93 7.56 7.31 6.51 6.88 5.28 10.00 4.89 66.71 MERCANBANK 4.63 7.30 8.63 3.71 6.30 2.77 4.77 - 47.65 ONEBANKLTD 2.23 7.35 5.34 6.27 3.34 4.79 3.26 - 40.73 CITYBANK 3.53 5.98 4.91 6.78 4.30 6.00 4.32 1.75 46.95 DUTCHBANGL 6.66 5.09 10.00 10.00 7.66 9.70 5.56 - 68.32 BRACBANK 8.79 5.42 7.47 9.92 10.00 10.00 7.42 - 73.77 ISLAMIBANK 10.00 7.17 6.25 4.40 3.99 5.47 5.58 3.64 58.13 SOUTHEASTB 3.92 10.00 4.83 5.10 4.09 2.93 3.92 - 43.49 TRUSTBANK 2.95 9.19 7.75 6.06 4.51 4.74 2.91 - 47.63 BANKASIA 3.54 8.01 5.29 6.57 4.56 5.55 5.61 2.49 52.02 DHAKABANK 2.23 8.71 4.49 5.96 3.23 4.65 4.61 3.10 46.23 EXIMBANK 3.70 7.91 4.54 4.55 3.96 3.99 4.50 7.46 50.76 FIRSTSBANK 2.52 6.71 6.56 5.18 2.71 4.51 6.89 - 43.84 ALARABANK 3.88 7.01 6.22 4.74 4.58 5.01 4.80 6.63 53.59 ABBANK 0.07 5.54 0.10 6.00 0.08 1.35 0.70 - 17.31 IFIC 2.61 5.87 3.83 5.55 3.63 3.29 3.73 - 35.65 JAMUNABANK 3.64 6.71 6.99 6.20 6.43 4.84 6.15 10.00 63.71 MTB 2.75 6.88 7.18 5.98 4.92 4.77 4.20 - 45.84 NBL 6.11 8.02 4.76 4.00 5.98 3.28 2.42 - 43.22 NCCBANK 2.89 8.53 5.64 5.26 4.76 4.81 3.97 2.77 48.28 PREMIERBAN 3.60 7.52 8.09 6.84 6.61 5.69 5.76 - 55.13 PRIMEBANK 3.57 6.11 4.71 6.14 0.48 5.64 3.73 6.08 45.57 PUBALIBANK 5.75 7.26 7.33 5.77 5.58 5.02 4.21 3.38 55.39 RUPALIBANK 0.65 4.80 1.31 5.30 0.56 1.57 0.98 - 18.95 SHAHJABANK 1.97 7.03 4.62 6.19 3.19 4.71 3.36 - 38.85 SIBL 2.54 7.40 5.57 5.98 3.29 5.67 3.05 - 41.87 STANDBANKL 1.99 9.53 4.66 5.30 4.02 3.83 2.96 - 40.36 UCB 4.22 5.95 5.13 6.12 4.17 4.82 3.39 5.60 49.24 UTTARABANK 2.65 5.63 6.23 6.43 5.55 7.27 3.64 6.18 54.46

Annexure 3

Brief Performance of Banks in Q1 of 2019

..............................

Date: 24th June, 2019............................

Price (BDT)

Number of Shares (in mn)

Market Cap. (in BDT mn)

Free Float Free Float Free Float Free Float Free Float

Shareholding Structure 68.44% 61.37% 69.98% 69.71% 14.79%

Hi Hi Hi Hi Hi

52 Weeks Price 43.9 20.7 19.5 36.3 237.2

Financial Position (in BDT mn) 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1

Loans & Advances 217,380 199,288 212,755 227,544 206,256 229,439 198,958 174,455 207,448 231,875 205,411 253,822 231,554 211,885 237,918

Investment 29,888 27,725 29,656 39,645 33,736 36,647 31,129 31,344 30,360 33,488 30,110 28,653 32,208 27,707 34,779

Deposits 199,156 179,464 210,639 229,878 206,390 231,027 202,383 185,968 202,075 204,860 189,531 216,199 262,468 235,370 270,148

Total Assets 285,500 269,169 291,024 292,744 264,074 298,373 266,171 238,162 273,577 326,940 286,698 337,751 346,469 311,532 354,765

Total Liabilities 262,125 246,954 266,788 274,078 246,304 279,191 251,625 223,692 258,839 302,023 261,802 312,394 323,383 292,014 331,206

Total Equity 23,375 22,215 24,236 18,617 17,720 19,132 14,514 14,447 14,707 24,917 24,896 25,357 23,086 19,519 23,558

Income Statement (in mn BDT) 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

Interest Income 20,188 4,481 5,422 20,452 4,733 5,292 21,046 4,353 5,612 22,971 4,706 6,089 21,480 4,713 5,842

Interest Expense 12,577 2,733 3,300 16,277 3,654 4,222 14,730 3,039 4,120 13,741 2,731 3,571 6,592 1,469 1,819

Net Interest Income 7,611 1,749 2,122 4,174 1,080 1,070 6,316 1,314 1,492 9,230 1,976 2,519 14,888 3,244 4,023

Income from Investments 2,312 528 535 3,593 676 894 1,968 554 419 2,151 674 734 2,025 481 635

Commission, Exchange and Brokerage 3,468 912 989 2,470 597 742 1,466 364 360 3,614 753 897 2,178 488 576

Other Operating Income 223 47 75 1,826 654 224 609 125 146 1,609 451 529 3,533 715 941

Total Operating Income 13,615 3,236 3,720 12,063 3,007 2,929 10,359 2,357 2,417 16,605 3,853 4,678 22,623 4,928 6,176

Total Operating Expenses 6,235 1,444 1,613 5,718 1,436 1,309 4,880 1,115 1,222 9,610 2,423 2,504 15,399 3,265 3,848

Total Provisions 2,652 757 504 2,061 492 849 3,103 561 613 2,311 707 584 461 304 1,368

NPAT 3,111 508 861 2,923 657 515 1,410 238 195 2,225 369 765 4,201 639 474

Net Profit Attributable to Stockholders 1,154 442 368 1,409 241 195 2,225 369 765

Key Ratios 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

EPS 4.22 0.69 1.17 3.59 0.81 0.63 1.84 0.31 0.25 2.30 0.38 0.79 21.01 3.19 2.37

P/E 8.53 13.98 8.75 5.01 5.93 6.40 8.15 17.41 13.86 13.13 23.54 8.07 6.87 9.68 7.89

NAV 31.67 30.10 32.84 22.91 22.90 23.54 18.94 19.79 19.19 25.74 27.0 26.2 115.43 97.59 117.79

P/NAV 1.14 1.28 1.24 0.79 0.83 0.69 0.79 1.11 0.73 1.17 1.33 0.97 1.25 1.27 0.64

Loan to Deposits 109% 111% 101% 99% 100% 99% 98% 94% 103% 113% 108% 117% 88% 90% 88%

Operating Efficiency 46% 45% 43% 47% 48% 45% 47% 47% 51% 58% 63% 54% 68% 66% 62%

Net Interets Margin (%) 3.50% 0.03510126 3.99% 1.83% 2.09% 1.86% 3.17% 3.01% 2.88% 3.98% 3.85% 3.97% 6.43% 6.12% 6.76%

ROA 1.09% 0.00754958 1.18% 1.00% 0.99% 0.69% 0.53% 0.40% 0.28% 0.68% 0.51% 0.91% 1.21% 0.82% 0.53%

ROE 13.31% 9.15% 14.20% 15.70% 14.82% 10.78% 9.71% 6.59% 5.30% 8.93% 5.93% 12.07% 18.20% 13.09% 8.04%

Debt-Equity Ratio 11.21 11.12 11.01 14.72 13.90 14.59 17.34 15.48 17.60 12.12 10.52 12.32 14.01 14.96 14.06

W. Avg. Cost of Deposits 5.56% 5.22% 5.66% 7.00% 6.91% 7.03% 6.67% 5.88% 7.07% 5.42% 4.86% 5.27% 2.48% 2.33% 2.28%

W. Avg. Lending Rate 10.40% 9.77% 10.76% 9.76% 9.73% 9.99% 11.33% 10.74% 11.34% 10.46% 9.58% 10.30% 9.91% 9.11% 10.28%

Spread 4.84% 4.55% 5.10% 2.76% 2.82% 2.96% 4.66% 4.86% 4.27% 5.04% 4.72% 5.03% 7.43% 6.78% 8.00%

Period End Price 36.0 38.5 40.8 18.0 19.1 16.2 15.0 21.9 14.1 30.2 35.9 25.5 144.4 123.6 74.8

Other Information 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

EPS (Audited) 3.68 3.29 4.22 2.87 3.71 3.59 3.31 3.43 1.84 4.57 3.9 3.90 8.81 12.28 21.01

Number of Branches 82 84 84 119 129 129 87 95 99 108 118 119 165 175 184

Number of Employees 1,584 1,594 1,715 2,043 2,192 2,192 2,028 2,101 2,239 2,986 3,230 3,858 6,127 6,816 8,195

NPL% 2.76% 2.41% 2.30% 5.13% 3.79% 4.82% 4.93% 5.31% 7.05% 6.05% 5.43% 5.33% 5.20% 4.65% 4.14%

CAR % 13.92% 13.82% 12.02% 13.03% 11.93% 13.28% 13.89% 11.54% 11.98% 12.52% 12.71% 12.19% 13.10% 12.99% 15.62%

Tier-I 10.01% 10.09% 9.26% 8.35% 7.91% 8.08% 8.72% 7.60% 7.42% 9.12% 8.17% 7.17% 9.20% 8.26% 9.29%

Tier-II 3.91% 3.73% 2.76% 4.68% 4.02% 5.20% 5.17% 3.96% 4.56% 3.40% 4.54% 5.02% 3.90% 4.73% 6.33%

Dividend (C/B) 20% C, 5%B 20% C 20%C,10%B 15% C,5%B 17%C, 5%B 15%B 13% C, 10%B 15%C, 5%B 10%B 24%C 19%C, 5%B 6%C, 5%B 30%C 30%C 150%B

Dividend Yield 6.90% 3.91% 5.56% 9.93% 6.44% n/a 7.10% 6.25% n/a 8.82% 3.57% 1.99% 2.57% 1.96% n/a

200

13,600

Spons./Dir

85.21%

DUTCHBANGL

68.0

EBL

36.9

738.0

27,232.2

ONEBANKLTD

13.4

766.5

10,271.6

Spons./Dir

31.56%

Low

30.5

MERCANBANK

14.3

814.9

11,653.4

Spons./Dir

38.63%

Low

14.5

Low

22.5

Low

67.3

Spons./Dir

30.02%

Low

13.4

CITYBANK

27.3

968

26,426.1

Spons./Dir

30.29%

EBL Securities Limited Research Page 16

Annexure 3


..............................

Date: 24th June, 2019............................

Price (BDT)



Shareholding Structure

52 Weeks Price

Financial Position (in BDT mn)

Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity

Income Statement (in mn BDT)

Interest Income

Interest Expense

Net Interest Income

Income from Investments

Commission, Exchange and Brokerage

Other Operating Income

Total Operating Income

Total Operating Expenses

Total Provisions

NPAT

Net Profit Attributable to Stockholders

Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits

Operating Efficiency

Net Interets Margin (%)

ROA

ROE

Debt-Equity Ratio

W. Avg. Cost of Deposits

W. Avg. Lending Rate

Spread

Period End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


55.70% 52.15% 67.56% 40.00% 47.70%

Hi Hi Hi Hi Hi

90.4 28.4 18.4 39.7 21.8

2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1

238,400 204,281 243,381 800,970 742,447 808,887 267,672 243,102 276,939 199,205 191,942 206,718 217,553 205,416 222,809

35,133 28,097 38,603 41,193 36,961 46,778 65,610 62,208 66,544 34,541 27,781 29,804 36,544 28,639 31,135

255,074 222,361 259,927 822,201 764,446 837,159 298,335 280,914 309,682 212,535 199,145 212,535 222,735 198,924 222,295

358,005 323,119 369,683 997,959 915,493 1,033,185 381,576 352,903 394,088 261,076 243,520 264,490 309,228 291,133 314,870

316,304 293,170 326,659 942,493 864,247 977,044 353,449 326,486 365,577 247,855 230,569 250,847 286,038 269,610 291,015

41,700 27,999 36,558 55,467 51,245 56,140 28,117 26,406 28,500 13,222 12,951 13,643 23,190 21,523 23,855

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

27,464 6,078 7,373 67,028 15,531 17,449 23,978 5,336 6,108 17,468 4,021 4,700 21,010 4,813 5,589

11,660 2,528 3,321 37,987 8,892 9,916 18,778 4,133 5,066 11,210 2,458 2,948 13,011 3,015 3,450

15,803 3,550 4,052 29,041 6,639 7,534 5,200 1,202 1,042 6,258 1,563 1,752 7,999 1,798 2,139

2,783 723 753 1,683 241 241 5,130 1,174 1,215 2,203 513 538 2,311 544 435

7,227 1,774 2,554 5,507 1,304 1,802 3,653 867 894 1,253 250 339 3,110 704 977

195 46 38 3,958 595 913 979 353 206 514 85 97 985 158 217

26,008 6,094 7,397 40,189 8,780 10,489 14,962 3,597 3,357 10,227 2,411 2,726 14,406 3,204 3,769

16,614 3,770 4,526 19,403 4,178 4,539 5,179 1,154 1,179 3,850 867 936 6,223 1,331 1,531

752 (23) 639 6,702 2,227 3,030 5,114 1,015 1,096 2,265 461 700 3,554 657 764

5,670 1,494 1,320 6,310 572 648 2,473 626 499 1,864 461 422 2,233 590 689

5,546 1,376 1,306 6,310 572 648 2,473 626 499 2,233

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

5.17 1.28 1.22 3.92 0.36 0.40 2.35 0.59 0.47 3.35 0.83 0.76 2.01 0.53 0.62

14.06 17.09 12.67 6.17 17.95 15.47 6.64 7.62 7.71 9.70 11.18 9.07 8.80 8.61 7.17

32.87 32.64 34.09 34.45 31.83 34.87 26.66 28.8 27.03 22.24 23.25 24.49 21.02 21.81 21.48

2.21 2.69 1.81 0.70 0.80 0.71 0.59 0.63 0.54 1.46 1.59 1.12 0.84 0.84 0.83

93% 92% 94% 97% 97% 97% 90% 87% 89% 94% 96% 97% 98% 103% 100%

64% 62% 61% 48% 48% 43% 35% 32% 35% 38% 36% 34% 43% 42% 41%

6.63% 6.95% 6.66% 3.63% 3.58% 3.73% 1.94% 1.98% 1.50% 3.14% 3.26% 3.39% 3.68% 3.50% 3.84%

1.58% 1.85% 1.43% 0.63% 0.25% 0.25% 0.65% 0.71% 0.51% 0.71% 0.76% 0.64% 0.72% 0.81% 0.88%

13.60% 21.34% 14.45% 11.38% 4.46% 4.62% 8.80% 9.48% 7.00% 14.10% 14.23% 12.38% 9.63% 10.97% 11.56%

7.59 10.47 8.94 16.99 16.86 17.40 12.57 12.36 12.83 18.75 17.80 18.39 12.33 12.53 12.20

4.92% 4.57% 5.26% 4.86% 5.03% 4.80% 6.06% 5.51% 6.36% 5.23% 4.93% 5.14% 5.39% 5.22% 5.38%

12.29% 11.88% 12.35% 8.13% 7.75% 8.18% 9.85% 9.55% 9.61% 9.73% 9.14% 9.81% 10.27% 9.89% 10.16%

7.37% 7.31% 7.09% 3.27% 2.72% 3.38% 3.79% 4.04% 3.25% 4.50% 4.21% 4.67% 4.88% 4.67% 4.78%

72.7 87.7 61.7 24.2 25.5 24.9 15.6 18.1 14.6 32.5 37.0 27.5 17.7 18.3 17.8

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

4.55 4.86 5.17 2.78 3.06 3.92 2.66 1.11 2.35 3.62 3.14 3.35 1.67 1.90 2.01

180 186 186 318 n/a 342 128 132 135 102 110 110 105 116 123

6355 6,835 7,085 13,569 n/a n/a 2616 2704 2797 1862 1959 1906 1,970 2,087 2,256

3.40% 3.56% 3.10% 3.83% 3.59% 4.12% 4.89% 5.99% 5.87% 3.15% 3.35% 7.90% 5.41% 4.38% 4.10%

12.06% 11.97% 15.70% 10.85% 11.50% 12.17% 12.14% 10.83% 12.47% 14.62% 12.92% 14.04% 12.42% 14.75% 14.76%

10.36% 10.59% 14.45% 8.77% 8.75% 8.52% 7.73% 6.79% 7.58% 8.39% 7.66% 7.43% 8.39% 8.42% 8.88%

1.70% 1.38% 1.25% 2.08% 2.75% 3.67% 4.41% 4.04% 4.89% 6.23% 5.26% 6.61% 4.03% 6.33% 5.88%

10%C, 20%B 25%B 15%B 10%C 10%C 10%C 20%C 15%B 10%B 15%C, 10%B 20%C 10%B 12%B 12.5%B 5%C,5%B

1.56% n/a n/a 3.37% 2.73% 4.13% 10.70% n/a n/a 6.30% 4.69% n/a n/a n/a 2.82%

19,654

Spons./Dir

52.30%

Low

15.3

17,823

Spons./Dir

60.00%

Low

24.355.0

32.0

557

BANKASIA

17.7

1,110

TRUSTBANK

21.9

Low

13.3

Low

39,445

Spons./Dir

47.85%

BRACBANK

63.7

1,073

68,318

Spons./Dir

44.30%

Low

SOUTHEASTB

13.8

1054

14,552

Spons./Dir

32.44%

ISLAMIBANK

24.5

1,610


Annexure 3


..............................

Date: 24th June, 2019............................

Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Period End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


59.67% 59.34% 62.40% 58.31% 63.53%

Hi Hi Hi Hi Hi

19.5 14.2 13.5 24.3 14

2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1

180,499 163,539 190,253 306,265 261,924 310,650 311,417 283,720 325,896 261,874 249,004 264,853 249,185 240,235 255,676

30,642 26,316 32,265 24,024 21,411 26,040 16,204 16,175 15,848 12,215 10,141 12,798 44,352 37,736 40,523

196,874 176,461 204,682 300,378 279,285 301,390 320,011 296,932 325,554 266,205 251,208 271,806 235,383 229,306 238,532

275,397 245,017 285,935 371,510 331,707 369,682 372,183 353,077 388,280 338,465 332,364 345,531 325,154 311,918 327,310

258,148 228,793 268,269 343,294 304,541 341,109 358,478 340,648 374,096 314,982 306,464 321,577 301,258 287,803 303,342

17,249 16,225 17,667 28,216 27,166 28,573 13,361 12,084 13,830 21,715 21,168 22,181 23,885 24,105 23,958

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

18,974 4,103 5,023 27,458 5,603 6,903 34,050 7,410 8,860 24,957 5,849 6,902 19,811 4,244 4,879

13,414 2,975 3,766 19,362 4,535 5,581 24,746 5,596 6,451 16,257 3,782 4,328 17,580 3,983 4,286

5,560 1,128 1,257 8,096 1,069 1,322 9,304 1,814 2,409 8,700 2,066 2,574 2,230 261 593

2,327 546 620 945 56 64 430 68 119 701 54 35 4,247 964 681

2,967 531 814 2,353 523 487 807 163 142 2,729 616 811 2,478 608 563

203 38 47 914 178 124 668 110 120 339 38 101 198 47 39

11,056 2,243 2,738 12,308 1,826 1,997 11,208 2,155 2,790 12,470 2,775 3,520 9,153 1,879 1,876

4,395 1,028 1,114 5,386 1,166 1,266 5,778 1,434 1,494 6,161 1,553 1,607 5,714 1,325 1,289

3,631 625 818 2,686 1,085 168 2,356 178 458 4,131 314 906 2,736 265 345

1,410 397 430 2,333 (484) 356 1,595 318 479 2,457 379 470 43 119 79

397 430 1,591 313 468 2,450 409 466 (52)

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

1.73 0.49 0.53 1.65 (0.34) 0.25 2.03 0.40 0.60 2.35 0.39 0.45 0.06 0.16 0.10

8.19 8.43 6.56 7.14 n/a 11.29 5.37 8.20 4.06 8.48 16.22 11.48 210.65 24.75 25.92

21.23 22.46 21.75 19.98 19.23 20.23 15.60 16.95 17.63 20.80 21.29 21.24 31.51 31.79 29.90

0.67 0.73 0.64 0.59 0.76 0.56 0.70 0.77 0.55 0.96 1.19 0.97 0.38 0.49 0.36

92% 93% 93% 102% 94% 103% 97% 96% 100% 98% 99% 97% 106% 105% 107%

40% 46% 41% 44% 64% 63% 52% 67% 54% 49% 56% 46% 62% 71% 69%

3.08% 2.76% 2.64% 2.64% 1.63% 1.70% 2.99% 2.56% 2.96% 3.32% 3.32% 3.89% 0.90% 0.43% 0.93%

0.51% 0.65% 0.60% 0.63% -0.58% 0.39% 0.43% 0.36% 0.49% 0.73% 0.46% 0.54% 0.01% 0.15% 0.10%

8.17% 9.80% 9.74% 8.27% -7.13% 4.99% 11.93% 10.54% 13.84% 11.31% 7.16% 8.48% 0.18% 1.97% 1.32%

14.97 14.10 15.18 12.17 11.21 11.94 26.83 28.19 27.05 14.51 14.48 14.50 12.61 11.94 12.66

6.29% 5.78% 6.29% 7.08% 6.88% 7.09% 7.82% 7.59% 7.72% 6.26% 6.05% 6.34% 6.79% 6.22% 6.71%

10.72% 10.41% 10.73% 10.46% 10.43% 10.80% 11.67% 12.06% 11.50% 9.78% 9.76% 9.70% 11.25% 10.63% 11.23%

4.43% 4.63% 4.44% 3.38% 3.55% 3.71% 3.85% 4.47% 3.78% 3.52% 3.71% 3.36% 4.46% 4.41% 4.52%

14.2 16.5 13.9 11.8 14.6 11.4 10.9 13.1 9.7 19.9 25.4 20.5 12.0 15.5 10.8

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.15 1.98 1.73 2.15 2.34 1.65 1.98 1.72 2.03 3.07 3.00 2.35 2.00 0.05 0.06

94 100 101 113 118 123 158 168 177 140 154 168 104 105 105

1,668 1,771 1,917 2,747 2,791 2,964 3,224 3,640 3,898 3,070 3,446 3,682 2,423 2,354 2,310

4.01% 5.98% 4.99% 5.23% 5.32% 5.11% 2.58% 3.07% 3.34% 4.54% 4.10% 4.79% 5.02% 7.15% 33.07%

13.67% 11.93% 13.87% 11.77% 12.10% 10.88% 10.52% 12.20% 10.34% 14.90% 12.28% 14.68% 11.10% 11.25% 10.48%

8.62% 8.02% 7.42% 9.51% 8.64% 7.79% 7.51% 7.00% 6.31% 11.92% 9.59% 10.12% 6.90% 7.11% 6.11%

5.05% 3.91% 6.44% 2.26% 3.46% 3.09% 3.01% 5.20% 4.03% 2.98% 2.69% 4.56% 4.20% 4.14% 4.37%

10%C, 5%B 12.5%B 5%C, 5%B 15% C 12.50%C 10%C 5%C, 5%B 10%B 10%B 20%C 15%C,5%B 15%C, 2%B 12.50%B - -

5.59% n/a 3.52% 12.82% 7.27% 8.47% 3.60% n/a n/a 12.58% 6.22% 7.54% n/a n/a n/a

10.3

784.1

8,076

DHAKABANK

13.4

813

10,889

Spons./Dir

40.33%

FIRSTSBANK

Low

12.3

EXIMBANK

10.9

1,412.3

15,394

Spons./Dir

40.66%

Low

9.0

37.60%

Spons./Dir

Low

8.8

ALARABANK

18.4

1,044.0

19,210

Spons./Dir

41.69%

17.9

ABBANK

10.0

758.1

7,581

Spons./Dir

36.47%

Low

9.7

Low


Annexure 3


..............................

Date: 24th June, 2019............................

Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Period End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


91.67% 50.08% 61.99% 67.59% 60.68%

Hi Hi Hi Hi Hi

16.4 21.8 40.5 12.0 18.0

2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1

210,932 187,658 214,407 166,601 146,416 170,397 166,145 155,573 173,232 317,393 263,791 328,876 176,870 155,551 178,802

32,664 31,954 35,318 31,879 25,785 28,612 27,388 22,653 23,614 54,636 49,119 45,771 33,674 30,713 31,645

226,229 207,082 224,467 188,016 169,621 185,863 166,160 147,789 165,541 314,686 261,281 318,576 191,225 170,301 188,795

286,529 265,127 286,578 225,540 201,898 227,381 222,445 204,098 225,488 407,076 348,462 413,637 241,995 211,875 243,131

262,851 242,682 262,235 207,495 186,419 208,992 209,166 192,006 211,798 362,553 307,861 368,681 224,198 194,368 224,948

23,678 22,445 24,342 18,045 15,479 18,389 13,279 12,093 13,690 44,523 40,601 44,956 17,797 17,507 18,183

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

19,012 4,199 5,172 15,002 3,608 4,391 15,687 3,541 4,117 27,960 5,186 6,978 17,656 3,926 4,839

14,405 3,130 3,824 9,656 2,293 2,640 10,436 2,368 2,767 21,051 4,529 6,114 12,016 2,708 3,249

4,607 1,069 1,347 5,345 1,315 1,751 5,251 1,173 1,350 6,908 657 863 5,640 1,219 1,590

2,044 532 528 1,859 437 287 2,343 508 481 6,138 1,235 1,323 2,857 677 709

1,640 380 449 1,898 466 511 1,683 339 553 1,591 370 455 1,449 307 343

468 87 69 792 113 127 552 93 104 1,174 90 104 559 83 105

8,759 2,068 2,393 9,894 2,331 2,677 9,829 2,114 2,489 15,811 2,353 2,745 10,505 2,285 2,746

5,165 1,153 1,125 5,106 1,181 1,249 4,945 1,088 1,264 6,822 1,615 1,561 4,264 871 959

1,035 370 486 1,075 417 340 2,342 257 520 2,040 250 350 2,720 820 835

1,650 357 634 2,297 341 556 1,734 370 420 3,857 288 431 1,825 343 375

1,650 357 634 2,297 1,734 370 420 3,857 288 431 1,825 343 375

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

1.23 0.27 0.47 3.07 0.45 0.74 3.03 0.65 0.73 1.45 0.11 0.16 2.07 0.39 0.43

8.85 14.17 5.49 5.74 11.44 6.47 11.60 12.61 11.25 6.41 26.99 13.57 7.69 10.38 9.12

17.69 18.77 18.19 24.08 25.20 24.54 23.16 23.73 23.88 16.77 17.13 16.93 20.15 19.82 20.59

0.62 0.80 0.57 0.73 0.83 0.78 1.52 1.37 1.38 0.55 0.68 0.52 0.79 0.81 0.75

93% 91% 96% 89% 86% 92% 100% 105% 105% 101% 101% 103% 92% 91% 95%

59% 56% 47% 52% 51% 47% 50% 51% 51% 43% 69% 57% 41% 38% 35%

2.18% 2.28% 2.51% 3.21% 3.59% 4.11% 3.16% 3.02% 3.12% 2.18% 1.00% 1.05% 3.19% 3.13% 3.56%

0.58% 0.54% 0.89% 1.02% 0.67% 0.98% 0.78% 0.73% 0.75% 0.95% 0.33% 0.42% 0.75% 0.65% 0.62%

6.97% 6.36% 10.42% 12.73% 8.80% 12.09% 13.06% 12.25% 12.28% 8.66% 2.83% 3.83% 10.26% 7.83% 8.26%

11.10 10.81 10.77 11.50 12.04 11.37 15.75 15.88 15.47 8.14 7.58 8.20 12.60 11.10 12.37

6.43% 5.91% 6.49% 6.02% 5.97% 5.93% 6.28% 5.84% 6.24% 6.28% 6.41% 6.33% 6.46% 6.29% 6.25%

10.55% 10.49% 11.28% 10.63% 10.28% 10.57% 10.72% 10.59% 10.54% 9.25% 9.79% 9.11% 10.37% 9.97% 10.22%

4.12% 4.58% 4.79% 4.61% 4.31% 4.64% 4.44% 4.75% 4.30% 2.97% 3.38% 2.78% 3.91% 3.68% 3.97%

10.9 15.1 10.4 17.6 20.8 19.2 35.1 32.6 33.0 9.3 11.7 8.8 15.9 16.1 15.5

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.51 1.79 1.23 2.92 2.77 3.07 2.87 3.45 3.03 2.37 1.81 1.45 2.35 2.09 2.07

134 141 147 111 122 132 110 111 114 191 191 203 106 109 116

2,536 2,512 2,556 2,452 2,592 2,824 1,889 2,004 2,120 4,617 4,617 4,657 2,310 2,146 2,146

5.29% 6.40% 6.16% 4.01% 3.99% 3.74% 4.36% 4.30% 5.48% 10.35% 10.64% 9.50% 5.92% 5.67% 5.80%

11.24% 13.07% 12.99% 10.82% 11.86% 13.60% 11.51% 13.75% 12.86% 13.19% 13.70% 13.95% 11.76% 11.34% 12.60%

7.71% 10.39% 10.24% 7.80% 7.27% 7.45% 7.55% 7.28% 7.08% 11.37% 11.24% 11.44% 10.74% 10.25% 9.17%

3.53% 2.68% 2.75% 3.02% 4.59% 6.15% 3.96% 6.47% 5.78% 1.82% 2.46% 2.51% 1.02% 1.09% 3.43%

12%B 12%B 10%B 20.50% 22%B 20%C 15%B 12.5%B 11%B 20%B 12%B 10%B 16%C 13%C 5%C, 5%B

n/a n/a n/a 13.14% n/a 11.36% n/a n/a n/a n/a n/a n/a 12.70% 7.34% 3.14%

MTB

34.0

12,718.3

573.4

19,494.3

IFIC

1,338.7

13,655.1

Spons./Dir

8.33%

Low

10.2

JAMUNABANK

17.4

749.2

13,036.5

Spons./Dir

49.92%

Low

13.6

10.2

Spons./Dir

38.01%

Low

27.8

NBL

8.9

2,654.9

23,628.7

Spons./Dir

32.41%

8.5

Low

NCCBANK

883.2

14.4

Spons./Dir

39.32%

Low

13.0


Annexure 3


..............................

Date: 24th June, 2019............................

Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Period End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


64.78% 63.23% 68.87% 9.81% 54.38%

Hi Hi Hi Hi Hi

17.7 21 29.1 48.5 32.9

2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1

159,133 139,895 162,626 208,196 196,632 215,074 271,495 249,051 263,821 247,737 221,229 258,695 188,284 170,667 191,215

30,117 22,381 27,506 27,988 27,620 30,457 64,129 59,552 65,659 84,006 72,653 88,870 13,878 12,175 14,040

169,498 144,507 174,978 197,493 199,770 202,401 308,003 280,799 308,093 389,549 318,986 368,985 176,552 153,962 186,599

216,810 184,818 222,320 295,011 285,499 306,051 410,226 377,720 411,934 463,977 390,445 445,522 246,745 220,249 256,404

201,393 171,383 206,457 268,713 260,345 279,364 383,019 352,977 383,888 446,760 376,963 428,203 231,655 206,071 240,844

15,417 13,435 15,864 26,299 25,155 26,686 27,207 24,742 28,046 17,216 13,482 17,319 14,859 13,926 15,326

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

16,682 3,492 4,425 18,524 4,288 4,807 24,005 5,390 6,360 17,873 3,883 4,529 17,248 3,757 4,918

10,679 2,406 3,273 10,742 2,601 2,804 14,966 3,314 3,984 15,301 3,662 4,361 11,369 2,650 3,134

6,003 1,085 1,152 7,782 1,687 2,003 9,038 2,077 2,376 2,573 221 168 5,879 1,107 1,783

1,957 467 413 2,312 578 553 5,559 1,254 1,642 6,480 1,620 1,631 168 50 79

2,543 453 689 2,379 508 648 1,895 499 516 1,164 281 314 1,962 470 578

800 129 205 942 172 137 1,226 103 117 1,160 74 129 608 113 148

11,303 2,135 2,459 13,416 2,944 3,341 17,718 3,932 4,650 11,377 2,195 2,241 8,617 1,739 2,588

5,203 1,152 1,349 7,605 1,870 1,927 8,444 1,930 1,816 8,210 1,770 1,782 4,241 791 1,046

2,280 300 420 1,782 221 457 3,310 660 1,100 2,403 180 211 1,411 332 487

2,269 313 458 2,254 351 421 3,627 695 840 409 81 94 1,248 313 469

3,627 695 841 1,246 312 467

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

2.84 0.39 0.57 1.99 0.31 0.37 3.63 0.70 0.84 1.09 0.22 0.25 1.47 0.37 0.55

4.13 7.92 4.80 9.09 17.84 10.56 7.16 8.11 7.77 32.93 63.04 40.83 18.79 18.96 10.50

19.10 19.31 19.83 23.23 24.44 23.57 27.25 26.02 28.09 45.73 44.40 46.00 17.51 18.05 18.06

0.61 0.64 0.55 0.78 0.90 0.67 0.95 0.87 0.93 0.78 1.22 0.89 1.58 1.55 1.28

94% 97% 93% 105% 98% 106% 88% 89% 86% 64% 69% 70% 107% 111% 102%

46% 54% 55% 57% 63% 58% 48% 49% 39% 72% 81% 80% 49% 45% 40%

3.77% 3.10% 2.83% 3.74% 3.43% 3.72% 3.33% 3.34% 3.60% 1.04% 0.40% 0.26% 3.12% 2.59% 3.73%

1.05% 0.68% 0.82% 0.76% 0.49% 0.55% 0.88% 0.74% 0.82% 0.09% 0.08% 0.08% 0.51% 0.57% 0.73%

14.72% 9.32% 11.56% 8.57% 5.58% 6.31% 13.33% 11.24% 11.98% 2.38% 2.41% 2.17% 8.40% 9.00% 12.23%

13.06 12.76 13.01 10.22 10.35 10.47 14.08 14.27 13.69 25.95 27.96 24.73 15.59 14.80 15.71

6.18% 5.85% 6.21% 4.89% 4.95% 4.85% 5.38% 4.99% 5.38% 4.74% 4.82% 4.60% 6.00% 6.13% 5.86%

11.26% 10.72% 11.52% 9.45% 8.85% 9.81% 9.67% 9.66% 9.62% 8.68% 9.31% 8.11% 10.60% 9.98% 10.77%

5.08% 4.87% 5.31% 4.56% 3.90% 4.96% 4.29% 4.67% 4.24% 3.94% 4.49% 3.51% 4.60% 3.85% 4.91%

11.7 12.4 11.0 18.1 22.1 15.7 26.0 22.6 26.2 35.8 54.3 40.8 27.6 27.9 23.1

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.30 2.46 2.84 2.13 1.07 1.99 1.47 0.06 3.63 -3.99 1.60 1.09 2.15 1.58 1.47

99 103 109 145 146 146 453 465 465 562 563 n/a 103 106 122

1,511 1,562 1,708 2,961 3,499 3,212 7,204 7,652 7,587 5,438 5,157 n/a 2,191 2,402 2,395

5.17% 4.69% 3.99% 5.96% 5.45% 6.16% 5.38% 8.68% 5.46% 20.64% 23.41% n/a 4.70% 3.97% 6.84%

12.38% 12.12% 12.27% 12.45% 14.01% 16.58% 11.22% 11.96% 11.94% 6.69% 6.53% n/a 11.68% 12.44% 15.63%

7.69% 7.85% 7.92% 9.30% 10.01% 10.55% 9.46% 8.42% 8.37% 5.03% 4.99% n/a 10.18% 8.48% 8.53%

4.69% 4.27% 4.35% 3.15% 4.00% 6.03% 1.76% 3.54% 3.57% 1.65% 1.54% n/a 1.50% 3.96% 7.10%

10%C, 2%B 15%B 15.5%B 15%C 7%C,7%B 12.5%C 5%C, 8%B 5%C, 5%B 10%C, 3%B 10%B 24%B 10%B 10%C, 5%B 10%B 10%B

10.20% n/a n/a 9.04% 2.55% 6.91% 2.08% 1.64% 3.85% n/a n/a n/a 6.67% n/a n/a

RUPALIBANK SHAHJABANKPREMIERBAN PRIMEBANK PUBALIBANK

800.1 1,132.3 998.3

38.8 26.6 18.9 11.4

848.6

25.2

Spons./Dir Spons./Dir Spons./Dir Govt.

376.5

9,120.9 21,400.2 26,555.9 14,608.9 21,383.8

Spons./Dir

45.62%

Low

21.233.3

Low

90.19%31.13%

Low

20.1

36.77%

Low

14.5

35.22%

Low

9.7


Annexure 3


..............................

Date: 24th June, 2019............................

Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Period End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield

Free Float Free Float Free Float Free Float

69.77% 61.07% 65.33% 79.12%

Hi Hi Hi Hi

19.7 13.2 20.5 34.0

2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1 2018 2018 Q1 2019 Q1

237,854 210,428 241,762 146,061 131,506 149,009 296,577 270,788 305,888 118,624 102,311 114,737

11,607 11,930 11,850 24,614 22,149 24,368 52,158 45,026 54,888 28,937 32,694 28,505

247,951 221,788 244,003 154,961 139,315 160,058 297,016 287,085 301,197 152,858 143,121 145,047

307,403 272,851 306,126 197,148 181,639 204,856 402,962 381,639 414,503 189,949 175,639 178,359

291,615 258,399 290,079 182,332 168,157 189,956 374,467 354,444 385,551 175,220 161,555 163,255

15,787 14,452 16,047 14,816 13,482 14,900 28,495 27,195 28,951 14,729 14,084 15,103

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

25,073 5,168 6,368 14,190 3,150 3,787 25,536 5,854 6,804 12,721 2,819 3,159

16,138 3,669 4,401 10,479 2,261 2,877 16,059 3,366 4,629 7,006 1,641 1,547

8,935 1,499 1,967 3,710 889 910 9,477 2,488 2,175 5,716 1,179 1,612

478 93 36 1,844 356 355 4,426 979 1,142 2,832 709 639

1,687 429 439 1,137 274 309 4,619 1,008 1,270 849 232 213

597 60 105 452 68 82 407 67 93 697 74 80

11,698 2,080 2,548 7,144 1,587 1,656 18,929 4,542 4,680 10,095 2,195 2,543

5,471 1,165 1,283 2,596 811 999 11,013 2,682 3,597 6,211 1,423 1,483

2,344 275 524 1,236 466 348 2,774 809 255 944 415 266

1,602 268 259 1,256 65 106 2,660 327 460 1,670 154 374

2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M 2018 2018 3M 2019 3M

1.97 0.33 0.32 1.44 0.08 0.12 2.52 0.31 0.44 4.17 0.39 0.94

7.81 14.30 11.83 7.56 38.29 21.52 6.97 15.78 10.31 6.83 18.13 7.29

19.44 19.57 19.76 17.01 17.03 17.11 27.03 25.80 27.46 36.82 35.20 37.75

0.79 0.97 0.76 0.64 0.68 0.61 0.65 0.76 0.66 0.77 0.80 0.72

96% 95% 99% 94% 94% 93% 100% 94% 102% 78% 71% 79%

47% 56% 50% 36% 51% 60% 58% 59% 77% 62% 65% 58%

3.76% 2.85% 3.25% 2.54% 2.70% 2.44% 3.20% 3.67% 2.84% 4.82% 4.61% 5.62%

0.52% 0.39% 0.34% 0.64% 0.14% 0.21% 0.66% 0.34% 0.44% 0.88% 0.35% 0.84%

10.14% 7.43% 6.46% 8.47% 1.94% 2.85% 9.33% 4.82% 6.36% 11.34% 4.39% 9.92%

18.47 17.88 18.08 12.31 12.47 12.75 13.14 13.03 13.32 11.90 11.47 10.81

6.49% 6.09% 6.62% 6.46% 5.91% 6.91% 4.64% 4.28% 5.00% 5.24% 5.11% 4.95%

10.93% 10.39% 10.56% 10.40% 9.92% 10.58% 9.19% 9.20% 9.06% 10.02% 10.08% 9.85%

4.44% 4.30% 3.94% 3.94% 4.01% 3.67% 4.55% 4.92% 4.06% 4.78% 4.97% 4.90%

15.4 18.9 15.1 10.9 11.5 10.5 17.6 19.6 18.0 28.5 28.0 27.3

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

3.10 1.80 1.97 1.37 1.42 1.44 2.49 2.58 2.52 3.86 3.83 4.17

125 138 155 114 125 134 168 178 187 229 233 235

2,363 2,599 2,847 1,992 2,076 2,389 4,152 4,459 n/a 3,667 3,542 3,527

4.44% 8.20% 7.55% 3.64% 8.15% 7.77% 8.01% 7.38% 6.79% 7.75% 6.75% 6.32%

11.55% 11.59% 14.37% 11.38% 13.96% 12.83% 11.39% 12.07% 12.77% 13.38% 12.94% 12.49%

7.93% 7.04% 8.15% 8.60% 9.13% 8.71% 7.82% 7.71% 7.43% 11.78% 11.40% 11.29%

3.62% 4.55% 6.22% 2.83% 4.83% 4.12% 3.56% 4.36% 5.34% 1.79% 1.54% 1.17%

20%C 10%B 10%B 5%C, 5%B 10%B 10%B 15%C 10%C 10%B 20%C 20%C 20%C,2%B

10.87% n/a n/a 4.20% n/a n/a 7.04% 6.36% 6.36% 8.10% 5.67% 7.02%

11,202.2

STANDBANKL UCB UTTARABANK

28.0 17.0 9.8

SIBL

14.9

812.1 871.0 1,054.1 400.1

Spons./Dir

20.88%34.67%38.93%30.23%

12,100.7 8,535.7 17,920.2

Low

9.5

Low

15.7

Spons./Dir Spons./Dir Spons./Dir

Low

22.7

Low

13.7


Annexure 4

Brief Performance of Banks in 2018Date : 24th June, 2019.............................

Price (BDT)




Shareholding Structure 68.44% 61.37% 69.98% 69.71% 14.79%

Hi Hi Hi Hi Hi

52 Weeks Price 43.9 20.7 19.5 36.3 237.2

Financial Position (in BDT mn) 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

Loans & Advances 156,371 191,685 217,380 154,116 202,940 227,544 132,111 170,441 198,958 176,046 197,073 231,875 173,398 207,257 231,554

Investment 22,940 26,106 29,888 30,201 35,602 39,645 30,307 28,527 31,129 27,896 31,932 33,488 31,778 26,198 32,208

Deposits 140,205 166,959 199,156 155,784 209,074 229,878 153,219 182,143 202,383 174,418 182,903 204,860 207,234 233,796 262,468

Total Assets 212,377 256,002 285,500 205,035 261,394 292,744 188,122 227,012 266,171 268,345 278,067 326,940 264,797 311,907 346,469

Total Liabilities 191,545 234,424 262,125 188,166 243,749 274,078 175,522 212,768 251,625 234,898 251,888 302,023 247,125 292,425 323,383

Total Equity 20,832 21,876 23,375 16,819 17,595 18,617 12,579 14,215 14,514 19,857 26,179 24,917 17,673 19,482 23,086

Income Statement (in mn BDT) 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

Interest Income 13,663 14,611 20,188 13,865 16,328 20,452 12,807 14,959 21,046 16,057 16,819 22,971 15,366 16,529 21,480

Interest Expense 8,055 8,732 12,577 10,750 12,897 16,277 8,466 10,035 14,730 9,546 9,280 13,741 5,402 5,040 6,592

Net Interest Income 5,607 5,879 7,611 3,114 3,431 4,174 4,341 4,925 6,316 6,511 7,539 9,230 9,964 11,489 14,888

Income from Investments 3,262 3,252 2,312 3,049 3,498 3,593 2,026 2,349 1,968 4,824 3,030 2,151 2,072 2,027 2,025

Commission, Exchange and Brokerage 2,659 3,527 3,468 1,967 2,748 2,470 1,453 1,965 1,466 2,424 3,308 3,614 1,545 1,918 2,178

Other Operating Income 182 206 223 2,146 2,445 1,826 544 557 609 1,050 1,311 1,609 2,351 3,076 3,533

Total Operating Income 11,710 12,863 13,615 10,276 12,122 12,063 8,364 9,796 10,359 14,809 15,189 16,605 15,931 18,511 22,623

Total Operating Expenses 5,194 5,807 6,235 5,777 5,458 5,718 3,973 4,514 4,880 7,087 8,387 9,610 10,409 12,827 15,399

Total Provisions 1,801 2,789 2,652 984 2,318 2,061 1,083 1,409 3,103 2,147 1,688 2,311 2,288 390 461

NPAT 2,716 2,428 3,111 1,530 3,020 2,923 2,418 2,632 1,410 4,004 3,459 2,225 1,775 2,455 4,201

Net Profit Attributable to Stockholders 2,716 2,428 3,111 1,530 1,656 1,154 2,628 1,409 4,004 3,459 2,225

Key Ratios 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

EPS 3.68 3.29 4.22 2.87 3.71 3.59 3.31 3.43 1.84 4.57 3.57 2.30 8.81 12.28 21.01

P/E 7.88 15.53 8.54 5.26 7.12 5.02 5.53 7.00 8.16 5.95 14.89 13.14 13.25 12.47 6.87

NAV 29.64 29.64 31.67 22.82 22.74 22.91 17.23 18.54 18.94 22.67 28.4 25.74 88.36 97.41 115.43

P/NAV 0.98 1.72 1.14 0.66 1.16 0.79 1.06 1.29 0.79 1.20 1.87 1.17 1.32 1.57 1.25

Loan to Deposits 112% 115% 109% 99% 97% 99% 86% 94% 98% 101% 108% 113% 84% 89% 88%

Operating Efficiency 44% 45% 46% 56% 45% 47% 48% 46% 47% 48% 55% 58% 65% 69% 68%

Net Interets Margin (%) 3.59% 3.07% 3.50% 2.02% 1.69% 1.83% 3.29% 2.89% 3.17% 3.70% 3.83% 3.98% 5.75% 5.54% 6.43%

ROA 1.28% 0.95% 1.09% 0.75% 1.16% 1.00% 1.29% 1.16% 0.53% 1.49% 1.24% 0.68% 0.67% 0.79% 1.21%

ROE 13.04% 11.10% 13.31% 9.10% 17.16% 15.70% 19.22% 18.52% 9.71% 20.16% 13.21% 8.93% 10.04% 12.60% 18.20%

Debt-Equity Ratio 9.19 10.72 11.21 11.19 13.85 14.72 13.95 14.97 17.34 11.83 9.62 12.12 13.98 15.01 14.01

W. Avg. Cost of Deposits 5.16% 4.75% 5.56% 7.17% 6.64% 7.00% 5.40% 5.31% 6.67% 5.04% 4.06% 5.42% 3.00% 2.31% 2.48%

W. Avg. Lending Rate 10.51% 9.67% 10.40% 10.19% 9.76% 9.76% 11.45% 10.07% 11.33% 10.15% 9.29% 10.46% 10.02% 8.83% 9.91%

Spread 5.35% 4.92% 4.84% 3.02% 3.12% 2.76% 6.05% 4.76% 4.66% 5.11% 5.23% 5.04% 7.02% 6.52% 7.43%

Year End Price 29.0 51.1 36.0 15.1 26.4 18.0 18.3 24.0 15.0 27.2 53.2 30.2 116.7 153.1 144.4

Other Information 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

EPS (Audited) 3.68 3.29 4.22 2.87 3.71 3.59 3.31 3.43 1.84 4.57 3.57 2.30 8.81 12.28 21.01

Number of Branches 82 84 84 119 129 129 87 95 99 108 118 119 165 175 184

Number of Employees 1,584 1,594 1,715 2,043 2,192 2,192 2,028 2,101 2,239 2,986 3,230 3,858 6,127 6,816 8,195

NPL% 2.76% 2.41% 2.30% 5.13% 3.79% 4.82% 4.93% 5.31% 7.05% 6.05% 5.43% 5.33% 5.20% 4.65% 4.14%

CAR % 13.92% 13.82% 12.02% 13.03% 11.93% 13.28% 13.89% 11.54% 11.98% 12.52% 12.71% 12.19% 13.10% 12.99% 15.62%

Tier-I 10.01% 10.09% 9.26% 8.35% 7.91% 8.08% 8.72% 7.60% 7.42% 9.12% 8.17% 7.17% 9.20% 8.26% 9.29%

Tier-II 3.91% 3.73% 2.76% 4.68% 4.02% 5.20% 5.17% 3.96% 4.56% 3.40% 4.54% 5.02% 3.90% 4.73% 6.33%

Dividend (C/B) 20% C, 5%B 20% C 20%C,10%B 15% C,5%B 17%C, 5%B 15%B 13% C, 10%B 15%C, 5%B 10%B 24%C 19%C, 5%B 6%C, 5%B 30%C 30%C 150%B

Dividend Yield 6.90% 3.91% 5.56% 9.93% 6.44% n/a 7.10% 6.25% n/a 8.82% 3.57% 1.99% 2.57% 1.96% n/a

Spons./Dir

30.02%

Low

13.4

CITYBANK

27.3

968

26,426.1

Spons./Dir

30.29%

Low

14.5

Low

22.5

Low

67.3

Spons./Dir

31.56%

Low

30.5

MERCANBANK

14.3

814.9

11,653.4

Spons./Dir

38.63%

EBL

36.9

738.0

27,232.2

ONEBANKLTD

13.4

766.5

10,271.6

DUTCHBANGL

68.0

200

13,600

Spons./Dir

85.21%


Annexure 4


Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Year End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


55.70% 52.15% 67.56% 40.00% 47.70%

Hi Hi Hi Hi Hi

90.4 28.4 18.4 39.7 21.8

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

175,841 203,431 238,400 611,419 705,729 800,970 191,866 234,317 267,672 144,438 187,247 199,205 166,540 200,328 217,553

22,938 26,889 35,133 59,193 36,726 41,193 61,732 62,911 65,610 32,464 30,615 34,541 39,712 28,145 36,544

181,479 216,930 255,074 681,045 753,914 822,201 229,973 269,828 298,335 172,738 200,274 212,535 191,573 207,284 222,735

268,324 308,317 358,005 797,927 899,599 997,959 291,798 339,288 381,576 211,550 241,319 261,076 254,866 290,946 309,228

244,584 279,887 316,304 750,634 848,935 942,493 265,264 313,454 353,449 200,033 228,844 247,855 236,003 270,013 286,038

22,153 28,430 41,700 47,293 50,664 55,467 26,524 25,824 28,117 11,517 12,475 13,222 18,863 20,934 23,190

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

18,310 21,734 27,464 52,732 56,939 67,028 16,972 17,401 23,978 13,229 14,414 17,468 14,796 16,537 21,010

6,589 8,201 11,660 29,336 31,370 37,987 12,765 13,373 18,778 8,735 8,867 11,210 10,608 10,854 13,011

11,721 13,533 15,803 23,397 25,569 29,041 4,207 4,028 5,200 4,494 5,547 6,258 4,188 5,684 7,999

2,558 2,915 2,783 769 973 1,683 5,080 5,571 5,130 2,281 2,268 2,203 3,548 2,535 2,311

5,550 6,882 7,227 5,763 6,306 5,507 2,903 3,463 3,653 1,152 1,462 1,253 2,620 3,347 3,110

357 371 195 2,102 3,132 3,958 663 872 979 551 584 514 683 805 985

20,185 23,701 26,008 32,031 35,980 40,189 12,852 13,933 14,962 8,477 9,862 10,227 11,040 12,371 14,406

11,575 14,279 16,614 17,727 18,797 19,403 4,349 4,871 5,179 3,858 3,796 3,850 4,852 5,438 6,223

1,548 1,152 752 3,874 4,709 6,702 3,213 4,880 5,114 1,106 2,061 2,265 2,745 2,736 3,554

3,881 5,498 5,670 4,479 4,921 6,310 2,435 1,169 2,473 2,016 1,751 1,864 1,644 2,112 2,233

5,193 5,546 4,479 4,921 6,310 2,435 1,169 2,473 1,644 2,112 2,233

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

4.55 4.86 5.17 2.78 3.06 3.92 2.66 1.11 2.35 3.62 3.14 3.35 1.67 1.90 2.01

14.09 22.30 14.06 10.68 11.98 6.17 7.03 20.03 6.65 6.58 13.55 9.71 10.72 12.14 8.80

31.18 24.80 32.87 29.37 31.47 34.45 28.93 28.16 26.66 22.75 22.41 22.24 21.41 18.96 21.02

2.06 4.37 2.21 1.01 1.16 0.70 0.65 0.79 0.59 1.05 1.90 1.46 0.84 1.22 0.84

97% 94% 93% 90% 94% 97% 83% 87% 90% 84% 93% 94% 87% 97% 98%

57% 60% 64% 55% 52% 48% 34% 35% 35% 46% 38% 38% 44% 44% 43%

6.67% 6.65% 6.63% 3.83% 3.62% 3.63% 2.19% 1.72% 1.94% 3.11% 2.96% 3.14% 2.51% 2.84% 3.68%

1.45% 1.78% 1.58% 0.56% 0.55% 0.63% 0.83% 0.34% 0.65% 0.95% 0.73% 0.71% 0.65% 0.73% 0.72%

17.52% 19.34% 13.60% 9.47% 9.71% 11.38% 9.18% 4.53% 8.80% 17.50% 14.04% 14.10% 8.72% 10.09% 9.63%

11.04 9.84 7.59 15.87 16.76 16.99 10.00 12.14 12.57 17.37 18.34 18.75 12.51 12.90 12.33

3.79% 3.74% 4.92% 4.75% 4.28% 4.86% 5.54% 4.99% 6.06% 5.25% 4.53% 5.23% 6.05% 4.88% 5.39%

13.09% 11.98% 12.29% 8.90% 8.52% 8.13% 9.87% 8.58% 9.85% 10.38% 8.94% 9.73% 11.02% 9.57% 10.27%

9.30% 8.24% 7.37% 4.15% 4.24% 3.27% 4.33% 3.59% 3.79% 5.13% 4.41% 4.50% 4.97% 4.69% 4.88%

64.1 108.4 72.7 29.7 36.6 24.2 18.7 22.2 15.6 23.8 42.6 32.5 17.9 23.1 17.7

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

4.55 4.86 5.17 2.78 3.06 3.92 2.66 1.11 2.35 3.62 3.14 3.35 1.67 1.90 2.01

180 186 186 318 n/a 342 128 132 135 102 110 110 105 116 123

6355 6,835 7,085 13,569 n/a n/a 2616 2704 2797 1862 1959 1906 1,970 2,087 2,256

3.40% 3.56% 3.10% 3.83% 3.59% 4.12% 4.89% 5.99% 5.87% 3.15% 3.35% 7.90% 5.41% 4.38% 4.10%

12.06% 11.97% 15.70% 10.85% 11.50% 12.17% 12.14% 10.83% 12.47% 14.62% 12.92% 14.04% 12.42% 14.75% 14.76%

10.36% 10.59% 14.45% 8.77% 8.75% 8.52% 7.73% 6.79% 7.58% 8.39% 7.66% 7.43% 8.39% 8.42% 8.88%

1.70% 1.38% 1.25% 2.08% 2.75% 3.67% 4.41% 4.04% 4.89% 6.23% 5.26% 6.61% 4.03% 6.33% 5.88%

10%C, 20%B 25%B 15%B 10%C 10%C 10%C 20%C 15%B 10%B 15%C, 10%B 20%C 10%B 12%B 12.5%B 5%C,5%B

1.56% n/a n/a 3.37% 2.73% 4.13% 10.70% n/a n/a 6.30% 4.69% n/a n/a n/a 2.82%

Low

SOUTHEASTB

13.8

1054

14,552

Spons./Dir

32.44%

ISLAMIBANK

24.5

1,610

39,445

Spons./Dir

47.85%

BRACBANK

63.7

1,073

68,318

Spons./Dir

44.30%

21.9

Low

13.3

Low

TRUSTBANK

32.0

557

BANKASIA

17.7

1,110

17,823

Spons./Dir

60.00%

Low

24.355.0

Spons./Dir

52.30%

Low

15.3

19,654


Annexure 4


Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Year End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


59.67% 59.34% 62.40% 58.31% 63.53%

Hi Hi Hi Hi Hi

19.5 14.2 13.5 24.3 14

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

134,833 153,868 180,499 223,397 255,033 306,265 225,890 273,352 311,417 196,519 235,905 261,874 226,547 237,634 249,185

23,783 26,041 30,642 16,474 21,605 24,024 14,856 16,100 16,204 9,159 10,145 12,215 49,082 46,382 44,352

156,757 169,730 196,874 248,224 283,644 300,378 274,225 299,106 320,011 199,704 244,806 266,205 245,394 235,562 235,383

203,277 230,828 275,397 291,134 333,893 371,510 301,669 344,487 372,183 272,900 319,255 338,465 317,169 317,098 325,154

188,362 215,001 258,148 264,666 306,242 343,294 290,609 332,376 358,478 248,563 296,735 314,982 292,835 293,095 301,258

14,915 15,828 17,249 26,468 27,650 28,216 10,760 11,771 13,361 19,611 20,759 21,715 24,324 23,994 23,885

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

13,173 13,727 18,974 22,836 22,253 27,458 26,395 28,349 34,050 18,830 20,491 24,957 19,450 18,095 19,811

9,451 10,340 13,414 14,961 15,827 19,362 19,070 19,861 24,746 9,958 11,784 16,257 16,139 14,937 17,580

3,722 3,388 5,560 7,875 6,426 8,096 7,325 8,488 9,304 8,872 8,707 8,700 3,311 3,158 2,230

3,405 3,095 2,327 517 720 945 (64) 154 430 250 437 701 5,016 4,726 4,247

1,587 2,997 2,967 1,828 2,310 2,353 502 853 807 2,256 2,791 2,729 2,856 2,994 2,478

272 237 203 777 1,567 914 374 431 668 285 329 339 169 178 198

8,986 9,716 11,056 10,996 11,023 12,308 8,138 9,925 11,208 11,664 12,264 12,470 11,351 11,057 9,153

3,409 4,252 4,395 5,047 5,066 5,386 4,409 5,038 5,778 4,153 5,308 6,161 6,021 6,021 5,714

2,706 2,445 3,631 951 633 2,686 1,173 2,073 2,356 1,548 1,355 4,131 3,021 4,962 2,736

1,552 1,609 1,410 3,040 3,298 2,333 1,410 1,390 1,595 3,053 3,169 2,457 1,509 41 43

1,350 1,591 3,135 2,450 15 (52)

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.15 1.98 1.73 2.15 2.34 1.65 1.98 1.72 2.03 3.07 3.00 2.35 2.00 0.05 0.06

8.33 11.11 8.19 5.44 7.36 7.14 7.02 8.88 5.37 5.18 8.03 8.48 11.15 410.31 210.65

21.68 19.48 21.23 18.74 19.58 19.98 15.85 14.26 15.60 19.72 20.88 20.80 36.1 31.65 31.51

0.83 1.13 0.67 0.62 0.88 0.59 0.88 1.07 0.70 0.81 1.15 0.96 0.62 0.70 0.38

86% 91% 92% 90% 90% 102% 82% 91% 97% 98% 96% 98% 92% 101% 106%

38% 44% 40% 46% 46% 44% 54% 51% 52% 36% 43% 49% 53% 54% 62%

2.76% 2.20% 3.08% 3.52% 2.52% 2.64% 3.24% 3.11% 2.99% 4.51% 3.69% 3.32% 1.46% 1.33% 0.90%

0.76% 0.70% 0.51% 1.04% 0.99% 0.63% 0.47% 0.40% 0.43% 1.12% 0.99% 0.73% 0.48% 0.01% 0.01%

10.41% 10.16% 8.17% 11.48% 11.93% 8.27% 13.11% 11.81% 11.93% 15.57% 15.27% 11.31% 6.20% 0.17% 0.18%

12.63 13.58 14.97 10.00 11.08 12.17 27.01 28.24 26.83 12.67 14.29 14.51 12.04 12.22 12.61

5.85% 5.13% 6.29% 6.70% 6.37% 7.08% 7.92% 7.20% 7.82% 6.49% 5.97% 6.26% 6.27% 5.67% 6.79%

10.85% 9.71% 10.72% 11.40% 10.10% 10.46% 12.71% 12.09% 11.67% 10.31% 9.79% 9.78% 11.44% 10.31% 11.25%

5.00% 4.58% 4.43% 4.70% 3.73% 3.38% 4.79% 4.89% 3.85% 3.82% 3.82% 3.52% 5.17% 4.64% 4.46%

17.9 22.0 14.2 11.7 17.2 11.8 13.9 15.3 10.9 15.9 24.1 19.9 22.3 22.1 12.0

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.15 1.98 1.73 2.15 2.34 1.65 1.98 1.72 2.03 3.07 3.00 2.35 2.00 0.05 0.06

94 100 101 113 118 123 158 168 177 140 154 168 104 105 105

1,668 1,771 1,917 2,747 2,791 2,964 3,224 3,640 3,898 3,070 3,446 3,682 2,423 2,354 2,310

4.01% 5.98% 4.99% 5.23% 5.32% 5.11% 2.58% 3.07% 3.34% 4.54% 4.10% 4.79% 5.02% 7.15% 33.07%

13.67% 11.93% 13.87% 11.77% 12.10% 10.88% 10.52% 12.20% 10.34% 14.90% 13.06% 14.68% 11.10% 11.25% 10.48%

8.62% 8.02% 7.42% 9.51% 8.64% 7.79% 7.51% 7.00% 6.31% 11.92% 10.40% 10.12% 6.90% 7.11% 6.11%

5.05% 3.91% 6.44% 2.26% 3.46% 3.09% 3.01% 5.20% 4.03% 2.98% 2.66% 4.56% 4.20% 4.14% 4.37%

10%C, 5%B 12.5%B 5%C, 5%B 15% C 12.50%C 10%C 5%C, 5%B 10%B 10%B 20%C 15%C,5%B 15%C, 2%B 12.50%B - -

5.59% n/a 3.52% 12.82% 7.27% 8.47% 3.60% n/a n/a 12.58% 6.22% 7.54% n/a n/a n/a

Low

17.9

ABBANK

10.0

758.1

7,581

Spons./Dir

36.47%

Low

9.7

37.60%

Spons./Dir

Low

8.8

ALARABANK

18.4

1,044.0

19,210

Spons./Dir

41.69%

Low

12.3

EXIMBANK

10.9

1,412.3

15,394

Spons./Dir

40.66%

Low

9.0

FIRSTSBANKDHAKABANK

13.4

813

10,889

Spons./Dir

40.33%

10.3

784.1

8,076


Annexure 4


Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Year End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


91.67% 50.08% 61.99% 67.59% 60.68%

Hi Hi Hi Hi Hi

16.4 21.8 40.5 12.0 18.0

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

141,259 183,296 210,932 118,294 143,489 166,601 114,356 145,607 166,145 213,915 252,403 317,393 129,070 149,634 176,870

26,279 29,291 32,664 30,315 26,241 31,879 21,942 25,106 27,388 57,298 57,425 54,636 24,016 29,547 33,674

160,133 200,149 226,229 141,506 167,564 188,016 131,272 151,776 166,160 240,720 272,602 314,686 132,704 159,837 191,225

200,251 256,718 286,529 169,195 197,669 225,540 165,371 201,754 222,445 306,555 352,134 407,076 174,067 203,646 241,995

186,329 234,614 262,851 153,411 182,245 207,495 155,552 189,992 209,166 270,441 311,797 362,553 157,495 186,461 224,198

13,922 22,104 23,678 15,784 15,425 18,045 9,818 11,762 13,279 36,114 40,337 44,523 16,572 17,185 17,797

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

12,626 15,039 19,012 9,709 11,472 15,002 11,381 12,161 15,687 18,964 22,517 27,960 11,244 12,739 17,656

8,221 9,439 14,405 7,142 7,625 9,656 7,503 7,853 10,436 14,869 16,106 21,051 7,281 8,103 12,016

4,405 5,600 4,607 2,567 3,847 5,345 3,878 4,308 5,251 4,096 6,411 6,908 3,963 4,636 5,640

2,081 2,105 2,044 3,748 2,605 1,859 2,011 2,127 2,343 10,415 7,595 6,138 2,030 2,051 2,857

1,552 1,717 1,640 1,427 1,847 1,898 1,228 1,578 1,683 1,543 1,817 1,591 1,250 1,698 1,449

557 536 468 447 567 792 398 466 552 546 602 1,174 415 513 559

8,596 9,959 8,759 8,189 8,866 9,894 7,515 8,479 9,829 16,600 16,425 15,811 7,657 8,898 10,505

5,137 5,414 5,165 3,964 4,476 5,106 4,107 4,564 4,945 5,784 6,027 6,822 3,147 3,854 4,264

1,372 2,138 1,035 1,316 803 1,075 947 1,656 2,342 2,330 2,503 2,040 951 1,846 2,720

1,583 2,397 1,650 1,791 2,077 2,297 1,464 1,980 1,734 5,609 4,798 3,857 2,079 1,845 1,825

1,583 2,397 1,650 1,791 2,077 2,297 1,464 1,980 1,734 5,609 4,798 3,857 2,079 1,845 1,825

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.51 1.79 1.23 2.92 2.77 3.07 2.87 3.45 3.03 2.37 1.81 1.45 2.35 2.09 2.07

8.33 10.05 8.85 5.34 7.94 5.74 8.05 10.13 11.60 4.30 7.19 6.40 5.35 8.48 7.69

24.69 16.51 17.69 25.70 25.12 24.08 19.26 20.51 23.16 18.28 17.02 16.77 18.76 19.46 20.15

0.85 1.09 0.62 0.61 0.88 0.73 1.20 1.71 1.52 0.56 0.76 0.55 0.67 0.91 0.79

88% 92% 93% 84% 86% 89% 87% 96% 100% 89% 93% 101% 97% 94% 92%

60% 54% 59% 48% 50% 52% 55% 54% 50% 35% 37% 43% 41% 43% 41%

3.12% 3.06% 2.18% 2.17% 2.68% 3.21% 3.39% 2.96% 3.16% 1.91% 2.54% 2.18% 3.07% 3.10% 3.19%

0.79% 0.93% 0.58% 1.06% 1.05% 1.02% 0.89% 0.98% 0.78% 1.83% 1.36% 0.95% 1.19% 0.91% 0.75%

11.37% 10.84% 6.97% 11.35% 13.46% 12.73% 14.91% 16.84% 13.06% 15.53% 11.90% 8.66% 12.55% 10.73% 10.26%

13.38 10.61 11.10 9.72 11.82 11.50 15.84 16.15 15.75 7.49 7.73 8.14 9.50 10.85 12.60

5.49% 5.12% 6.43% 6.30% 5.73% 6.02% 6.62% 6.04% 6.28% 7.37% 7.10% 6.28% 6.41% 5.45% 6.46%

11.36% 10.26% 10.55% 10.94% 9.52% 10.63% 11.23% 10.70% 10.72% 11.96% 11.39% 9.25% 10.62% 9.34% 10.37%

5.87% 5.14% 4.12% 4.64% 3.79% 4.61% 4.61% 4.66% 4.44% 4.59% 4.29% 2.97% 4.21% 3.89% 3.91%

20.9 18.0 10.9 15.6 22.0 17.6 23.1 35.0 35.1 10.2 13.0 9.3 12.6 17.7 15.9

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.51 1.79 1.23 2.92 2.77 3.07 2.87 3.45 3.03 2.37 1.81 1.45 2.35 2.09 2.07

134 141 147 111 122 132 110 111 114 191 191 203 106 109 116

2,536 2,512 2,556 2,452 2,592 2,824 1,889 2,004 2,120 4,617 4,617 4,657 2,310 2,146 2,146

5.29% 6.40% 6.16% 4.01% 3.99% 3.74% 4.36% 4.30% 5.48% 10.35% 10.64% 9.50% 5.92% 5.67% 5.80%

11.24% 13.07% 12.99% 10.82% 11.86% 13.60% 11.51% 13.75% 12.86% 13.19% 13.70% 13.95% 11.76% 11.34% 12.60%

7.71% 10.39% 10.24% 7.80% 7.27% 7.45% 7.55% 7.28% 7.08% 11.37% 11.24% 11.44% 10.74% 10.25% 9.17%

3.53% 2.68% 2.75% 3.02% 4.59% 6.15% 3.96% 6.47% 5.78% 1.82% 2.46% 2.51% 1.02% 1.09% 3.43%

12%B 12%B 10%B 20.50% 22%B 20%C 15%B 12.5%B 11%B 20%B 12%B 10%B 16%C 13%C 5%C, 5%B

n/a n/a n/a 13.14% n/a 11.36% n/a n/a n/a n/a n/a n/a 12.70% 7.34% 3.14%

39.32%

Low

13.0

Spons./Dir

14.4

8.5

Low

NCCBANK

883.2

Spons./Dir

38.01%

Low

27.8

NBL

8.9

2,654.9

23,628.7

Spons./Dir

32.41%

10.2

JAMUNABANK

17.4

749.2

13,036.5

Spons./Dir

49.92%

Low

13.6

10.2

1,338.7

13,655.1

Spons./Dir

8.33%

Low

MTB

34.0

12,718.3

573.4

19,494.3

IFIC


Annexure 4


Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Year End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield


64.78% 63.23% 68.87% 9.81% 54.38%

Hi Hi Hi Hi Hi

17.7 21 29.1 48.5 32.9

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

113,778 137,728 159,133 172,490 200,619 208,196 203,610 240,149 271,495 175,369 206,955 247,737 126,097 161,687 188,284

23,301 23,165 30,117 50,272 25,880 27,988 55,005 59,621 64,129 80,730 69,691 84,006 9,464 11,959 13,878

125,640 140,644 169,498 197,835 199,000 197,493 246,906 270,604 308,003 279,116 319,488 389,549 124,034 144,989 176,552

155,167 182,537 216,810 273,178 282,395 295,011 320,612 368,184 410,226 334,564 382,903 463,977 170,953 210,997 246,745

143,254 169,378 201,393 247,885 257,582 268,713 296,179 344,137 383,019 322,731 369,522 446,760 157,709 197,132 231,655

11,913 13,159 15,417 25,293 24,813 26,299 24,322 24,047 27,207 11,832 13,381 17,216 13,005 13,613 14,859

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

10,379 12,373 16,682 13,907 14,853 18,524 17,626 19,050 24,005 13,555 16,852 17,873 11,334 13,097 17,248

7,518 8,262 10,679 10,701 9,885 10,742 10,459 11,136 14,966 15,263 13,290 15,301 7,103 8,473 11,369

2,860 4,111 6,003 3,206 4,968 7,782 7,167 7,914 9,038 (1,708) 3,562 2,573 4,231 4,624 5,879

2,572 2,049 1,957 6,263 4,397 2,312 4,507 5,779 5,559 6,020 6,506 6,480 242 340 168

1,440 2,097 2,543 1,828 2,454 2,379 1,447 1,735 1,895 1,589 1,688 1,164 1,343 1,820 1,962

511 630 800 874 827 942 1,054 1,245 1,226 580 767 1,160 458 522 608

7,383 8,887 11,303 12,171 12,645 13,416 14,175 16,674 17,718 6,480 12,522 11,377 6,274 7,306 8,617

4,040 4,492 5,203 6,542 7,056 7,605 7,439 8,034 8,444 7,272 7,173 8,210 3,148 3,724 4,241

1,001 1,125 2,280 3,274 3,593 1,782 2,834 5,840 3,310 33 4,024 2,403 673 1,249 1,411

1,602 1,969 2,269 2,188 1,216 2,254 1,394 57 3,627 (1,212) 602 409 1,660 1,367 1,248

1,394 57 3,627 1,343 1,246

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.30 2.46 2.84 2.13 1.07 1.99 1.47 0.06 3.63 (3.99) 1.60 1.09 2.15 1.58 1.47

4.26 6.38 4.13 8.31 25.52 9.09 16.33 530.99 7.16 (6.87) 41.38 32.93 6.98 20.86 18.79

17.47 18.79 19.10 24.57 21.91 23.23 27.75 25.29 27.25 38.97 35.54 45.73 17.70 17.65 17.51

0.56 0.84 0.61 0.72 1.25 0.78 0.86 1.20 0.95 0.70 1.86 0.78 0.85 1.87 1.58

91% 98% 94% 87% 101% 105% 82% 89% 88% 63% 65% 64% 102% 112% 107%

55% 51% 46% 54% 56% 57% 52% 48% 48% 112% 57% 72% 50% 51% 49%

2.51% 2.99% 3.77% 1.86% 2.48% 3.74% 3.52% 3.30% 3.33% -0.97% 1.72% 1.04% 3.36% 2.86% 3.12%

1.03% 1.08% 1.05% 0.80% 0.43% 0.76% 0.43% 0.02% 0.88% -0.36% 0.16% 0.09% 0.97% 0.65% 0.51%

13.45% 14.97% 14.72% 8.65% 4.90% 8.57% 5.73% 0.24% 13.33% -10.24% 4.50% 2.38% 12.76% 10.04% 8.40%

12.02 12.87 13.06 9.80 10.38 10.22 12.18 14.31 14.08 27.27 27.62 25.95 12.13 14.48 15.59

6.25% 5.53% 6.18% 5.25% 4.70% 4.89% 5.00% 4.67% 5.38% 6.43% 4.94% 4.74% 6.19% 5.94% 6.00%

11.29% 10.43% 11.26% 9.84% 8.54% 9.45% 10.15% 9.22% 9.67% 11.36% 9.51% 8.68% 10.67% 9.73% 10.60%

5.04% 4.90% 5.08% 4.59% 3.84% 4.56% 5.15% 4.55% 4.29% 4.93% 4.57% 3.94% 4.48% 3.79% 4.60%

9.8 15.7 11.7 17.7 27.4 18.1 24.0 30.4 26.0 27.4 66.2 35.8 15.0 33.0 27.6

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

2.30 2.46 2.84 2.13 1.07 1.99 1.47 0.06 3.63 -3.99 1.60 1.09 2.15 1.58 1.47

99 103 109 145 146 146 453 465 465 562 563 n/a 103 106 122

1,511 1,562 1,708 2,961 3,499 3,212 7,204 7,652 7,587 5,438 5,157 n/a 2,191 2,402 2,395

5.17% 4.69% 3.99% 5.96% 5.45% 6.16% 5.38% 8.68% 5.46% 20.64% 23.41% n/a 4.70% 3.97% 6.84%

12.38% 12.12% 12.27% 12.45% 14.01% 16.58% 11.22% 11.96% 11.94% 6.69% 6.53% n/a 11.68% 12.44% 15.63%

7.69% 7.85% 7.92% 9.30% 10.01% 10.55% 9.46% 8.42% 8.37% 5.03% 4.99% n/a 10.18% 8.48% 8.53%

4.69% 4.27% 4.35% 3.15% 4.00% 6.03% 1.76% 3.54% 3.57% 1.65% 1.54% n/a 1.50% 3.96% 7.10%

10%C, 2%B 15%B 15.5%B 15%C 7%C,7%B 12.5%C 5%C, 8%B 5%C, 5%B 10%C, 3%B 10%B 24%B 10%B 10%C, 5%B 10%B 10%B

10.20% n/a n/a 9.04% 2.55% 6.91% 2.08% 1.64% 3.85% n/a n/a n/a 6.67% n/a n/a

35.22%

Low

9.7

31.13%

Low

20.1

36.77%

Low

14.5

45.62%

Low

21.233.3

Low

90.19%

Spons./Dir

14,608.9 21,383.8

Spons./Dir Spons./Dir Spons./Dir Govt.

376.5

9,120.9 21,400.2 26,555.9

848.6

25.2 38.8 26.6 18.9 11.4

PREMIERBAN PRIMEBANK PUBALIBANK

800.1 1,132.3 998.3

RUPALIBANK SHAHJABANK


Annexure 4


Price (BDT)




52 Weeks Price


Loans & Advances

Investment

Deposits

Total Assets

Total Liabilities

Total Equity


Interest Income

Interest Expense

Net Interest Income






Total Provisions

NPAT


Key Ratios

EPS

P/E

NAV

P/NAV

Loan to Deposits



ROA

ROE

Debt-Equity Ratio



Spread

Year End Price

Other Information

EPS (Audited)

Number of Branches

Number of Employees

NPL%

CAR %

Tier-I

Tier-II

Dividend (C/B)

Dividend Yield

Free Float Free Float Free Float Free Float

69.77% 61.07% 65.33% 79.12%

Hi Hi Hi Hi

19.7 13.2 20.5 34.0

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

173,776 209,296 237,854 105,039 128,228 146,061 224,338 262,582 296,577 83,311 105,061 118,624

10,831 11,603 11,607 25,533 20,234 24,614 56,517 44,327 52,158 31,708 32,919 28,937

190,293 228,408 247,951 122,554 134,731 154,961 256,957 278,005 297,016 134,733 148,321 152,858

227,815 276,290 307,403 152,789 175,699 197,148 329,444 365,209 402,962 162,280 178,855 189,949

213,622 262,107 291,615 140,216 162,289 182,332 303,614 338,337 374,467 148,871 164,928 175,220

14,193 14,184 15,787 12,573 13,410 14,816 25,829 26,872 28,495 13,410 13,927 14,729

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

16,966 18,609 25,073 10,252 10,572 14,190 20,898 21,195 25,536 9,308 10,434 12,721

9,576 10,625 16,138 6,976 7,575 10,479 12,220 12,096 16,059 5,839 6,068 7,006

7,390 7,984 8,935 3,276 2,998 3,710 8,678 9,099 9,477 3,470 4,366 5,716

238 379 478 1,574 2,039 1,844 4,163 4,280 4,426 4,095 2,836 2,832

1,641 2,017 1,687 914 1,147 1,137 3,249 4,238 4,619 776 1,013 849

446 605 597 297 333 452 362 273 407 565 643 697

9,714 10,984 11,698 6,061 6,516 7,144 16,453 17,891 18,929 8,907 8,858 10,095

3,987 4,758 5,471 2,837 3,201 2,596 8,797 9,569 11,013 6,381 6,020 6,211

1,914 2,665 2,344 999 1,043 1,236 2,447 2,485 2,774 484 341 944

2,291 1,465 1,602 1,088 1,238 1,256 1,590 2,722 2,660 1,653 1,534 1,670

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

3.10 1.80 1.97 1.37 1.42 1.44 2.49 2.58 2.52 3.86 3.83 4.17

5.94 13.48 7.81 8.69 10.97 7.56 8.55 9.14 6.97 6.40 9.21 6.83

19.22 17.46 19.44 15.88 15.40 17.01 24.50 25.49 27.03 33.52 34.81 36.82

0.96 1.39 0.79 0.75 1.01 0.64 0.87 0.93 0.65 0.74 1.01 0.77

91% 92% 96% 86% 95% 94% 87% 94% 100% 62% 71% 78%

41% 43% 47% 47% 49% 36% 53% 53% 58% 72% 68% 62%

4.25% 3.81% 3.76% 3.12% 2.34% 2.54% 3.87% 3.47% 3.20% 4.16% 4.16% 4.82%

1.01% 0.53% 0.52% 0.71% 0.70% 0.64% 0.48% 0.75% 0.66% 1.02% 0.86% 0.88%

16.14% 10.33% 10.14% 8.66% 9.24% 8.47% 6.16% 10.13% 9.33% 12.33% 11.01% 11.34%

15.05 18.48 18.47 11.15 12.10 12.31 11.75 12.59 13.14 11.10 11.84 11.90

6.19% 5.39% 6.49% 6.08% 5.59% 6.46% 5.28% 4.07% 4.64% 5.24% 4.84% 5.24%

11.14% 10.21% 10.93% 10.51% 9.40% 10.40% 10.11% 8.99% 9.19% 11.05% 10.12% 10.02%

4.95% 4.82% 4.44% 4.43% 3.81% 3.94% 4.83% 4.92% 4.55% 5.81% 5.28% 4.78%

18.4 24.3 15.4 11.9 15.6 10.9 21.3 23.6 17.6 24.7 35.3 28.5

2016 2017 2018 2016 2017 2018 2016 2017 2018 2016 2017 2018

3.10 1.80 1.97 1.37 1.42 1.44 2.49 2.58 2.52 3.86 3.83 4.17

125 138 155 114 125 134 168 178 187 229 233 235

2,363 2,599 2,847 1,992 2,076 2,389 4,152 4,459 n/a 3,667 3,542 3,527

4.44% 8.20% 7.55% 3.64% 8.15% 7.77% 8.01% 7.38% 6.79% 7.75% 6.75% 6.32%

11.55% 11.59% 14.37% 11.38% 13.96% 12.83% 11.39% 12.07% 12.77% 13.38% 12.94% 12.49%

7.93% 7.04% 8.15% 8.60% 9.13% 8.71% 7.82% 7.71% 7.43% 11.78% 11.40% 11.29%

3.62% 4.55% 6.22% 2.83% 4.83% 4.12% 3.56% 4.36% 5.34% 1.79% 1.54% 1.17%

20%C 10%B 10%B 5%C, 5%B 10%B 10%B 15%C 10%C 10%B 20%C 20%C 20%C,2%B

10.87% n/a n/a 4.20% n/a n/a 7.04% 6.36% 6.36% 8.10% 5.67% 7.02%

Low

22.7

Low

13.7

Low

9.5

Low

15.7

Spons./Dir Spons./Dir Spons./Dir Spons./Dir

20.88%34.67%38.93%30.23%

12,100.7 8,535.7 17,920.2

812.1 871.0 1,054.1 400.1

SIBL

14.9

STANDBANKL UCB UTTARABANK

28.0 17.0 9.8

11,202.2


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