Five Years Financial Summary

Figures in million Taka

SL Items 2015 2014 2013 2012 2011
A. Financial Position
1 Authorized Capital 10,000 10,000 10,000 6,000 6,000
2 Paid up Capital 7,347 7,347 6,679 5,566 4,453
3 Reserve and Surplus 4,907 4,352 4,272 4,080 3,464
4 Total Shareholders’ Equity 12,254 11,698 10,951 9,646 7,917
5 Total Deposits 109,259 98,601 96,481 102,177 83,350
6 Total Investment 96,835 84,062 85,707 96,185 80,592
7 Investment in Share and Securities 6,184 7,309 7,221 5,163 3,377
8 Fixed Assets 3,299 3,165 2,955 2,898 1,525
9 Total Assets (excluding off-balance sheet items) 137,870 126,758 128,554 132,823 107,229
10 Total Contingent Liabilities and Commitment 43,526 40,229 45,433 47,869 34,083
11 Profit Earning Assets 108,012 97,873 100,434 110,420 91,903
12 Non-profit Earning Assets 29,858 28,885 28,120 22,403 15,326

m
B. Operating Result
1 Investment Income 10,510 11,364 13,615 15,242 10,108
2 Profit Paid on Deposit 6,943 8,209 10,578 11,170 7,376
3 Net Investment Income
4 Total Income
5 Total Expenditure
co 3,567
12,098
9,721
3,156
13,225
10,892
3,037
15,609
12,915
4,072
17,439
12,992
2,732
12,007
9,009
d.
6 Operating Profit 2,377 2,333 2,694 4,447 2,998
7 Profit before Tax 1,758 776 2,383 3,535 2,387
8 Profit after Tax 1,290 747 1,305 1,730 1,168
ab

C. Capital Adequacy
1 Risk Weighted Assets 98,790 93,820 88,702 89,811 80,527
2 Capital Requirement 9,879 9,382 8,870 8,981 8,053
3 Tier 1 Capital 12,254 11,698 9,951 9,646 7,917
nk

4 Tier 2 Capital 1,101 1,075 1,189 1,409 1,266

5 Total Regulatory Capital (Tier 1 & Tier 2) 13,355 12,773 11,140 11,055 9,183
6 Capital Surplus 3,476 3,391 2,270 2,074 1,131
la

7 Tier I Capital Ratio (%) 12.40 12.47 11.22 10.74 9.83

8 Tier II Capital Ratio (%) 1.12 1.14 1.34 1.57 1.57
9 CRAR/CAR (Basel-III/II) (%) 13.52 13.61 12.56 12.31 11.40
D. Investment Quality
1 Volume of Non-performing Investment 6,261 6,612 5,543 2,842 1,523
2 Amount of Provision against classified Investment 1,850 2,379 1,512 1,073 423
3 Amount of Provision against unclassified Investment 781 670 734 968 925
4 Amount of Provision against Off Balance Sheets Exposures 435 404 454 441 341
5 Classified Investment as % of Total Investment 6.47 7.87 6.47 2.96 1.89
E. Foreign Exchange Business
1 Import Business 85,959 83,731 81,926 111,837 82,341
2 Export Business 82,571 76,734 84,809 110,789 79,225
3 Inward Foreign Remittance 3,544 3,209 2,584 2,927 5,340

46 Shahjalal Islami Bank Limited Annual Report 2015

 Figures in million Taka
SL Items 2015 2014 2013 2012 2011
F. Profitability, Performance and Liquidity Ratio
1 Net Asset Value per Share (Taka) 16.68 15.92 16.40 17.33 17.78
2 Investment to Total Deposit Ratio (%) 82.77 80.82 84.32 89.64 93.00
3 Return on Equity (%) 10.78 6.60 12.67 17.01 13.80
4 Return on Assets (ROA) (%) 0.98 0.59 1.00 1.44 1.26
5 Operating Income Ratio (%) 19.65 17.64 17.26 25.50 24.97
6 Gross Income Ratio (%) 42.61 37.93 32.23 35.95 38.57
7 Net Income Ratio (%) 10.67 5.65 8.36 9.92 9.73
8 Cost of Deposit (%) 6.78 7.96 9.66 10.27 9.15
9 Cost of Fund (%) 9.53 10.34 11.65 11.88 10.98
10 Return on General Investment (%) 11.74 12.77 14.32 15.23 13.53
11 Net operating Cash flow per Share (Taka) (7.50) 3.81 9.84 9.22 7.32
12 Profit Per Employee 1.10 1.09 1.24 2.38 1.85
G. Dividend

m
1 Cash Dividend 13%* 10% - - -
2 Bonus Dividend - - 10% 20% 25%
3 Dividend Coverage Ratio (Times)
4 Market capitalization

H. Shareholders Information
co 1.35
9,918
1.02
8,449
1.24
11,200
1.00
15,863
1.05
14,471
*Proposed by the Board of Directors
d.
1 No. of Share Outstanding (million share) 734.69 734.69 667.90 556.58 445.3
2 Earnings Per Share (Taka) 1.76 1.02 1.78 2.59 2.10
3 Number of Shareholders 63,480 82,713 85,944 75,515 78,104
ab

5 Market Value Per Share (Taka) 13.50 11.50 16.77 28.50 32.44
6 Price Earning Ratio 7.67 11.27 8.60 9.17 12.38
I. Other Information
1 Number of Branches 93 93 92 84 73
nk

2 Number of Brokerage House Branches 8 8 8 8 8

3 Number of Employees 2,156 2,145 2,173 1,881 1,624
4 Number of foreign Correspondents 436 419 397 415 377
la

Shahjalal Islami Bank Limited Annual Report 2015 47

Graphical Presentation
Key performance indicators

Total Income (Million Taka) Operating Profit (Million Taka)

4,800.00 4,447.08
17,439 4,300.00
15,609 3,800.00
16,000
13,225
12,007 12,098 3,300.00
2,693.83
11,000 2,800.00
2,998.00 2,377.44
2,300.00
2,333.49
6,000 1,800.00
1,300.00
1,000 800.00
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year

m
4000
3500
Profit beforer tax (Million Taka)

3,535
co
2000
Profit after tax (Million Taka)

1,730
d.
3000 1500 1,305
1,290
2500 2,387 2,383 1,168
ab

2000 1,758 1000

747
1500
1000 776 500
500
nk

0 0
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year
la

Net Income Ratio (%) Earnings Per Share (Taka)

30.00% 2.59
2.10
25.00%
1.78 1.76
20.00%

1.02
15.00%

9.92% 10.67%
10.00% 8.36%
9.73% 5.65%
5.00%
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year

48 Shahjalal Islami Bank Limited Annual Report 2015

 Total Assets (Million Taka) Profit Earning Assets (Million Taka)
137,870
132,823 130,000
128,554 126,758 110,420 108,012
110,000 100,434
107,229 91,903 97,873
90,000

70,000

50,000

30,000

10,000
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year

m
Regulatory Capital (Million Taka)

12,773
13,355
co 3.60%
Return on Assets (%)
d.
11,055 11,140 3.10%

9,183 2.60%
2.10%
ab

1.60% 1.44%
1.00% 0.98%
1.10%
1.26% 0.59%
0.60%
nk

0.10%
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year
la

Return on Equity (%) Net Asset Value Per Share (Taka)

40.00% 22
35.00% 20
30.00% 18 17.78 17.33
25.00% 16.40 16.68
16 15.92
20.00% 17.01%
14
15.00% 13.80% 12.67%
10.78% 12
10.00% 6.60%
5.00% 10
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year

Shahjalal Islami Bank Limited Annual Report 2015 49

 CRAR/CAR Investment Income and profit paid on deposit
(Million Taka)
16.00%
13.61% 13.52% 2011 7,376
14.00% 12.31% 12.56%
10,108
12.00% 11.40%
2012 11,170
10.00% 15,242
8.00% 2013 10,578
13,615
6.00%
2014 8,209
4.00% 11,364
2.00% 6,943
2015
0.00% 10,510
2011 2012 2013 2014 2015
Year 0 5000 10000 15000 20000

Total Income & Total Expenditure (Million Taka) Earning & Non-earning Assets (Million Taka)

9,009 15,326
2011 2011
12,007 91,903

2012 12,992 2012 22,403

m
17,439 110,420

2013 12,915 2013 28,120

15,609 100,434

2014

2015
10,892

9,721
13,225

12,098 co
2014

2015
28,885

29,858
97,873

108,012
d.
0 5000 10000 15000 20000 0 20000 40000 60000 80000 100000 120000
ab

Total Deposits & Total Investments (Million Taka) Import,Export & Foreign Remittance (Million Taka)

80,592 5,340 79,225

2011 2011
83,350 82,341
96,185 2,927
nk

2012 2012 110,789

102,177 111,837
85,707 2,584
2013 2013 84,809
96,481 81,926
84,062 3,209
2014 2014 76,734
la

98,601 83,731
96,835 3,544
2015 2015 82,571
109,259 85,959

0 20000 40000 60000 80000 100000 120000 0 20000 40000 60000 80000 100000 120000

Number of Branches Number of Employees

2,173 2,145 2,156
92 93 93 2,200
90 84 2,000
73 1,881
70 1,800
1,624
1,600
50
1,400
30
1,200
10 1,000
2011 2012 2013 2014 2015 2011 2012 2013 2014 2015
Year Year

50 Shahjalal Islami Bank Limited Annual Report 2015

 HORIZONTAL ANALYSIS
For The Last Five Years
Balance Sheet
2015 2014 2013 2012 2011
PROPERTY AND ASSETS
Cash 110% 83% 80% 135% 100%
Cash in hand (Including Foreign Currencies) 99% 85% 126% 126% 100%
Balance with Bangladesh Bank & Sonali Bank Ltd (Including 111% 83% 76% 136% 100%
Foreign Currencies)

Balance with other Banks and Financial Institutions 19% 217% 268% 91% 100%
Inside Bangladesh 11% 211% 454% 94% 100%
Outside Bangladesh 102% 309% 36% 88% 100%

Placement with other Banks & Financial Institutions 204% 54% 84% 135% 100%
Investments in Shares & Securities 85% 101% 140% 153% 100%

m
Government 77% 100% 159% 173% 100%
Others 108% 105% 102% 124% 100%

Investments
General Investment etc.
Bills Purchased and Discounted
co 115%
116%
104%
98%
99%
86%
89%
93%
61%
119%
121%
111%
100%
100%
100%
d.
Fixed Assets Including Premises 104% 107% 102% 190% 100%
Other Assets 102% 259% 88% 131% 100%
ab

Non Banking Assets 109% 100% - - -

Total Assets 109% 104% 92% 124% 100%

LIABILITIES AND CAPITAL

nk

Liabilities
Placement from other Banks & Financial Institutions 91% 39% 57% 135% 100%
Deposits and Other Accounts 111% 102% 94% 123% 100%
la

Mudaraba Savings Deposits 155% 139% 120% 143% 100%

Mudaraba Term Deposits 92% 89% 81% 115% 100%
Other Mudaraba Deposits 122% 113% 116% 141% 100%
Al-Wadeeah Current & Other Deposit Accounts 117% 107% 117% 120% 100%
Bills Payable 109% 140% 62% 213% 100%

Other Liabilities 102% 215% 96% 125% 100%

Deferred Tax Liabilities 89% 85% 109% 118% 100%
Total Liabilities 109% 104% 90% 124% 100%
Capital/Shareholders’ Equity
Paid-up Capital 100% 110% 120% 125% 100%
Statutory Reserve 110% 105% 116% 131% 100%
Retained Earnings 127% 91% 75% 93% 100%
Total Shareholders’ Equity 105% 107% 114% 122% 100%
Total Liabilities & Shareholders’ Equity 109% 104% 92% 124% 100%

Shahjalal Islami Bank Limited Annual Report 2015 51

 HORIZONTAL ANALYSIS
For The Last Five Years
Profit & Loss Account

2015 2014 2013 2012 2011

Investment Income 92% 83% 89% 151% 100%
Less: Profit paid on Deposits 85% 78% 95% 151% 100%
Net Investment Income 113% 104% 75% 149% 100%
Income from Investment in Shares/securities 47% 132% 172% 118% 100%
Commission, Exchange and Brokerage 93% 82% 83% 111% 100%
Other Operating Income 92% 111% 95% 135% 100%
85% 93% 91% 116% 100%
Total Operating Income 103% 100% 80% 135% 100%
Salaries and Allowances 104% 119% 139% 108% 100%

m
Rent, Taxes, Insurances, Electricity etc. 109% 107% 121% 125% 100%
Legal Expenses 55% 356% 106% 90% 100%
Postage, Stamps, Telecommunication etc. 89% 136% 99% 108% 100%
Stationery, Printings, Advertisements etc.
Chief Executive’s Salary & Fees
Directors’ Fees & Expenses
co 107%
116%
94%
93%
78%
101%
95%
104%
115%
169%
113%
134%
100%
100%
100%
d.
Shariah Supervisory Committee’s Fees & Expenses 222% 45% 137% 170% 100%
Auditors’ Fees 114% 100% 100% 117% 100%
Depreciation & Repairs of Bank’s Assets 99% 104% 114% 104% 100%
ab

Zakat Expenses 100% 121% 126% 102% 100%

Other Expenses 101% 109% 112% 112% 100%
Total Operating Expenses 104% 115% 128% 112% 100%
nk

Profit before Provision 102% 87% 61% 148% 100%

Specific provision for Classified Investment 21% 876% 27% 500% 100%
General Provision for Unclassified Investment 100% 0% 0% 24% 100%
la

General Provision for Off-Balance Sheet Items 100% 0% 64% 159% 100%
Provision for deminution in value of Investments in Shares 468% 45% 60% 51% 100%
Provision for Other Assets 100% 0% 100% 0% 0%
Total Provision 40% 501% 34% 149% 100%
Profit before Provisions for Taxation 227% 33% 67% 148% 100%
Deferred Tax Expenses -67% -174% 61% 61% 100%
Current Tax Expenses 985% 5% 60% 150% 100%
Net Profit after Taxation 173% 57% 75% 148% 100%

52 Shahjalal Islami Bank Limited Annual Report 2015

 VERTICAL ANALYSIS
For The Last Five Years
Balance Sheet
2015 2014 2013 2012 2011
PROPERTY AND ASSETS
Cash 6.73% 6.68% 8.37% 9.64% 8.86%
Cash in hand (Including Foreign Currencies) 11.92% 13.24% 12.88% 8.14% 8.72%
Balance with Bangladesh Bank & Sonali Bank Ltd (Including 88.08% 86.76% 87.12% 91.86% 91.28%
Foreign Currencies)
Balance with other Banks and Financial Institutions 1.06% 6.03% 2.89% 0.99% 1.34%
Inside Bangladesh 54.18% 91.41% 93.97% 55.41% 53.62%
Outside Bangladesh 45.82% 8.59% 6.03% 44.59% 46.38%

Placement with other Banks & Financial Institutions 6.28% 3.34% 6.38% 6.97% 6.37%

Investments in Shares & Securities 4.49% 5.77% 5.92% 3.89% 3.15%

m
Government 67.92% 74.84% 75.75% 66.83% 59.23%
Others 32.08% 25.16% 24.25% 33.17% 40.77%

Investments
General Investment etc.
Bills Purchased and Discounted
co 70.24%
92.60%
7.40%
66.32%
91.78%
8.22%
70.27%
90.66%
9.34%
72.42%
86.42%
13.58%
75.16%
85.36%
14.64%
d.
Fixed Assets Including Premises 2.39% 2.50% 2.42% 2.18% 1.42%
Other Assets 8.78% 9.33% 3.74% 3.92% 3.69%
ab

Non Banking Assets 0.04% 0.04% - - -

Total Assets 100% 100% 100% 100% 100%

LIABILITIES AND CAPITAL

nk

Liabilities
Placement from other Banks & Financial Institutions 2.14% 2.57% 6.81% 10.92% 10.04%
Deposits and Other Accounts 79.25% 77.79% 79.11% 76.93% 77.73%
la

Mudaraba Savings Deposits 14.53% 10.39% 7.61% 6.01% 5.16%

Mudaraba Term Deposits 38.30% 46.22% 52.82% 61.27% 65.40%
Other Mudaraba Deposits 34.11% 30.94% 27.91% 22.74% 19.81%
Al-Wadeeah Current & Other Deposit Accounts 12.00% 11.38% 10.87% 8.80% 8.96%
Bills Payable 1.06% 1.07% 0.78% 1.19% 0.68%

Other Liabilities 9.65% 10.33% 5.00% 4.80% 4.74%

Deferred Tax Liabilities 0.08% 0.09% 0.11% 0.10% 0.10%
Total Liabilities 91.11% 90.77% 91.02% 92.74% 92.62%
Capital/Shareholders’ Equity
Paid-up Capital 59.95% 62.80% 60.99% 57.70% 56.24%
Statutory Reserve 32.17% 30.69% 31.37% 30.68% 28.45%
Retained Earnings 7.88% 6.50% 7.64% 11.63% 15.31%
Total Shareholders’ Equity 8.89% 9.23% 8.98% 7.26% 7.38%
Total Liabilities & Shareholders’ Equity 100% 100% 100% 100% 100%

Shahjalal Islami Bank Limited Annual Report 2015 53

 VERTICAL ANALYSIS
For The Last Five Years
Profit & Loss Account

2015 2014 2013 2012 2011

Investment Income 86.87% 85.93% 87.22% 87.40% 84.18%
Less: Profit paid on Deposits 57.39% 62.07% 67.77% 64.05% 61.44%
Net Investment Income 29.49% 23.86% 19.46% 23.35% 22.75%
Income from Investment in Shares/securities 1.17% 2.30% 1.47% 0.76% 0.94%
Commission, Exchange and Brokerage 8.56% 8.41% 8.74% 9.42% 12.27%
Other Operating Income 3.39% 3.36% 2.56% 2.41% 2.61%
13.13% 14.07% 12.78% 12.60% 15.82%
Total Operating Income 42.61% 37.93% 32.23% 35.95% 38.56%
Salaries and Allowances 14.44% 12.74% 9.07% 5.83% 7.86%
Rent, Taxes, Insurances, Electricity etc. 3.09% 2.59% 2.05% 1.52% 1.77%

m
Legal Expenses 0.01% 0.02% 0.01% 0.00% 0.01%
Postage, Stamps, Telecommunication etc. 0.29% 0.30% 0.19% 0.17% 0.23%
Stationery, Printings, Advertisements etc. 0.53% 0.45% 0.42% 0.39% 0.34%
Chief Executive’s Salary & Fees
Directors’ Fees & Expenses
Shariah Supervisory Committee’s Fees & Expenses
co
0.11%
0.05%
0.00%
0.09%
0.05%
0.00%
0.09%
0.04%
0.00%
0.08%
0.03%
0.00%
0.10%
0.03%
0.00%
d.
Auditors’ Fees 0.00% 0.00% 0.00% 0.00% 0.00%
Depreciation & Repairs of Bank’s Assets 1.15% 1.06% 0.86% 0.68% 0.95%
Zakat Expenses 0.77% 0.70% 0.49% 0.35% 0.49%
ab

Other Expenses 2.51% 2.27% 1.76% 1.40% 1.81%

Total Operating Expenses 22.96% 20.29% 14.98% 10.45% 13.60%
Profit before Provision 19.65% 17.64% 17.26% 25.50% 24.97%
nk

Specific provision for Classified Investment 51.79% 97.91% 55.97% 71.23% 21.29%
General Provision for Unclassified Investment 17.84% 0.00% 0.00% 4.66% 29.48%
General Provision for Off-Balance Sheet Items 5.01% 0.00% 20.69% 10.96% 10.32%
la

Provision for deminution in value of Investments in Shares 24.53% 2.09% 23.15% 13.15% 38.90%
Provision for Other Assets 0.83% 0.00% 0.19% 0.00% 0.00%
Total Provision 5.12% 11.78% 1.99% 5.23% 5.08%
Profit before Provisions for Taxation 14.53% 5.87% 15.27% 20.27% 19.88%
Less.Income Tax Expenses 3.86% 0.22% 6.91% 10.35% 10.15%
Deferred Tax Expenses -2.89% -69.60% 1.07% 1.05% 2.54%
Current Tax Expenses 102.89% 169.60% 98.93% 98.95% 97.46%

Net Profit after Taxation 10.67% 5.65% 8.36% 9.92% 9.73%

54 Shahjalal Islami Bank Limited Annual Report 2015