Financial Analysts to the Presentation on Dena Bank

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Financial Analyststo thePresentation onDena
Banks

• Quarterly / Half Yearly Results September 2006

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Financials
Amt. in Crore 2005-06 H1 2006-07 H1 Growth 2005-06 Q2 2006-07 Q2 Growth
Total Income 1031.95 1154.44 11.87 514..37 607.57 18.12
Total Expenses 789.91 897.11 13.57 396.40 467.42 17.92
Operating Profit excl. Profit on sale on Inv. 184.72 233.73 26.53 97.47 129.56 20.31
Operating Profit incl. Profit on sale on Inv. 242.04 257.33 6.32 117.97 140.15 18.80
Provisions Contingencies 402.64 152.13 62.22 79.22 54.75 30.89
Provision for Taxes 19.94 17.96 9.89 16.65
Net Profit 140.66 87.24 48.64 68.75
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Profit Loss
Amt. in Crore 2005-06 H1 2006-07 H1 Growth 2005-06 Q2 2006-07 Q2 Growth
Total Income 1031.95 1154.44 11.87 514.37 607.57 18.12
Interest Income 870.77 1003.89 15.29 430.91 526.49 22.18
Advances 484.17 638.35 31.84 246.30 341.76 38.76
Investment 365.88 326.85 10.67 170.76 163.23 4.41
Others 20.72 38.69 86.73 13.85 21.50 55.23
Non Interest income 161.18 150.55 6.60 83.46 81.08 2.86
- Profit on sale of securities 57.32 23.60 58.33 20.50 10.59 48.34
Others 103.86 126.95 22.23 62.96 70.49 11.95
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Profit Loss
Amt. in Crore 2005-06 H1 2006-07 H1 Growth 2005-06 Q2 2006-07 Q2 Variation
Total Expenses 789.91 897.11 13.57 396.40 467.42 17.92
Interest Expenses 512.10 591.23 15.45 261.29 311.43 19.19
Deposits 481.35 562.48 16.85 246.01 297.24 20.82
- Others 30.75 28.75 6.50 15.28 14.19 7.13
Operating Expenses 277.81 305.88 10.10 135.11 155.99 15.45
- Staff related 177.37 198.09 11.68 83.74 99.85 19.24
- Others 100.44 107.79 7.31 51.37 56.14 9.29
Net Interest Income 358.67 412.66 15.05 169.62 215.06 26.80
Operating Profit 242.04 257.33 6.32 117.97 140.15 18.80
Provisions Contingencies 402.64 152.13 62.22 79.22 54.75 30.89
Prov. for Taxes 19.94 17.96 9.89 16.65
Net Profit 140.66 87.24 48.64 68.75 41.34
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Profit Loss Non Interest Income
Amt. in Crore 2005-06 H1 2006-07 H1 Variation 2005-06 Q2 2006-07 Q2 Variation
Profit on sale of Inv 57.32 23.60 58.83 20.50 10.59 48.34
Commission Income 40.73 49.78 22.22 19.84 25.32 27.62
Exchange earned on Forex 11.20 11.34 1.25 6.69 5.75 14.05
Process Fee 9.89 11.66 17.90 5.92 7.88 33.11
Other Income 13.85 17.94 29.53 9.13 12.69 38.84
Recovery in w/off Inv. 0.00 0.95 0.00 0.00 0.94
Recovery in w/off A/c 28.19 35.28 25.15 21.38 17.91 16.23
TOTAL 161.18 150.55 83.46 81.08
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Profit Loss
Amt. in Crore 2005-06 H1 2006-07 H1 Variation 2005-06 Q2 2006-07 Q2 Variation
Interest Earned 870.77 1003.89 15.29 430.91 526.49 22.18
Interest Expended 512.10 591.23 15.45 261.29 311.43 19.19
Net Interest Income 358.67 412.66 15.05 169.62 215.06 26.80
Non Interest Income 161.18 150.55 6.60 83.46 81.08 2.86
Operating Expenses 277.81 305.88 10.10 135.11 155.99 15.45
Burden 116.63 155.33 33.18 51.65 74.91 45.06
Operating Profit 242.04 257.33 6.32 117.97 140.15 18.80
Provisions Contingencies 382.70 170.09 62.22 69.33 71.40 30.89
Net Profit 140.66 87.24 48.64 68.75 41.34
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Provisions Contingencies
Amt. in Crore F.Y. 05-06 2005-06 H1 2006-07 H1 2005-06 Q2 2006-07 Q2
Provision for NPAs 236.92 149.66 78.00 54.72 34.34
Provision for Taxes 23.29 19.94 17.96 9.89 16.65
Prov for Depreciation on Investments 270.69 227.86 52.93 14.66 5.12
Prov for Standard Assets/Restructed Assets 42.92 18.15 8.20 6.02 9.75
Amortisation of premium paid on Investment 19.96 9.96 14.51 4.98 7.26
Contingent Liabilities 1.45 1.94 1.00 0.00 1.14
Others 0.25 1.05 0.51 1.15 0.58
TOTAL PROVISIONS 547.33 382.70 170.09 69.33 71.40
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Resource Mobilisation
Amt. in Crore Sept 05 Mar 06 Sept 06 Growth Sept - 05-06 Growth Sept 04-05
Current Deposits 2298 2380 2587 12.58 16.59
Savings Deposits 7258 7931 8320 14.63 15.91
Term Deposits 12573 13312 14258 13.40 4.66
TOTAL 22129 23623 25165 13.71 9.47
Share of Demand Deposits in total 43.18 43.65 43.34
Borrowings 303.64 0.99 73.90
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Credit Deployment
Amt. in Crore Sept 05 Mar 06 Sept 06 Growth 05-06 Y-on-Y Growth 04-05 Y-on-Y
GROSS ADVANCES 12777.33 14747.79 16393.58 28.30 23.67
Priority Sector Adv 5484 6073 7074 29.00 32.88
Agriculture 2187 2362 2769 26.61 23.21
S.S.I. 1380 1322 1407 1.96 21.27
Others 1917 2389 2871 46.95 57.91
PS Advances to Net Bank Credit 44.00 42.19 44.09
Retail Credit 1816 2249 2783 53.25
S.M.E. 2146 2388 2801 30.52
C.D. Ratio 59.79 62.43 65.14
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Resource Mobilisation
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Funds Deployment
Amt. in Crore Sept 05 Mar 06 Sept 06 Growth Y-on-Y
Net Advances 12151.56 14231.24 15909.47 30.93
Net Investments 9367.28 8570.67 9336.60 0.33
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Capital Adequacy
Amt. in Crore Sept 05 Mar 06 Sept 06
Eligible Tier I 566.51 848.20 938.05
Eligible Tier II 514.04 662.95 938.05
Eligible Total 1080.55 1511.15 1876.10
Total RWAs 11636.48 14225.29 15620.25
Core CRAR Tier I 5.96 5.96 6.01
CRAR on Tier II 3.33 4.66 6.00
CRAR Total 9.29 10.62 12.01
Net Worth 566.51 848.20 938.05
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Asset Quality
Amt. in Crore Sept 05 Q2 Sept 06 Q2 Mar 06 F.Y Sept 05 H1 Sept 06 H1
GROSS NPA
Opening Balance 1149.30 974.91 1147.54 1147.54 949.40
Less
Cash Recovery credit operations 52.00 57.94 227.95 95.45 89.43
Upgradations 4.39 5.27 31.41 12.09 12.54
Write-off 37.07 31.38 273.62 75.07 98.16
Total Reductions 93.46 94.59 532.11 182.61 200.13
Add
Slippage Debit Op. 46.35 63.93 333.97 137.26 194.98
Closing Balance 1102.19 944.25 949.40 1102.19 944.25
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Asset Quality
Amt. in Crore Sep 05 Mar 06 Sep 06
NPA PROVISION
Opening Balance 593.11 536.17 476.34
Additions 54.72 236.91 34.34
Reductions 37.07 273.62 31.38
Closing Balance 610.76 499.46 479.30
GNPA to GA 8.63 6.44 5.76
NNPA to NA 3.92 3.04 2.89
Provision cover 55.41 52.61 50.76
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Financial Ratios cost/yield
Mar 06 FY Sept 05 HY Sept 06 HY Sept 05 Q2 Sept 06 Q2
Cost of Deposits 4.58 4.61 4.80 4.65 4.93
Cost of Funds 4.66 4.67 4.89 4.71 4.99
Yield on Advances 7.80 8.16 8.38 8.22 8.71
Yield on Investments with POSOI 9.19 9.06 8.11 8.30 8.11
Yield on Investments without POSOI 7.82 7.84 7.57 7.41 7.63
Yield on Funds 7.46 7.57 7.76 7.51 7.95
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Financial Ratios
Mar 06 FY Sept 05 HY Sept 06 HY Sept 05 Q2 Sept 06 Q2
Intt Income as age to avg working funds 6.62 7.11 7.42 6.97 7.61
Non Intt Income as age to avg working funds 2.39 1.32 1.11 1.35 1.17
Interest spread as age to avg working funds 2.88 2.93 3.05 2.74 3.11
Operating Profit as age to avg working funds 2.70 1.98 1.90 1.91 2.03
Net Interest Margin NII / interest bearing assets on last day 2.95 2.97 3.19 2.81 3.33
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Financial Ratios
Mar 06 FY Sept 05 HY Sept 06 HY Sept 05 Q2 Sept 06 Q2
Earning Per Share non-annualised Rs. 2.54 4.90 3.04 1.70 2.40
Cost Income Ratio 47.50 53.44 54.31 53.39 52.67
Coverage Ratio 1.56 0.35 1.66
Book Value incl. Reval Reserve in Rs. 39.11 23.45 41.83 23.45 41.83
Book Value excl.Reval Res. in Rs. 29.57 19.77 32.71 19.77 32.71
Return on Assets annualised 0.29 -ve 0.64 0.76 0.99
Return on Networth annualised 9.02 -ve 19.75 31.94 30.52
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Productivity Ratios
Sept 05 Q Mar 06 F.Y Sept 06 Q
Business Per Branch in Rs. Crs 34.12 37.51 40.62
Business Per Employee in Rs. Crs 3.41 3.78 4.15
Profit Per Branch in Rs. Lacs not annualised 4.73 7.13 6.72
Profit Per Employee in Rs. Lacs not annualised 0.47 0.72 0.69
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