Performance

The Banking sector has achieved a slow growth and was under pressure due to di fferent
adverse issues throughout the year 2016. Despite manifold challenges, the year 2016 was
quite eventful at home and abroad for SIBL and Alhamdulillah our Bank maintained and
achieved a stable position in all key areas of its operations. This year SIBL has joined the
“125 Branches Club” and one Branch (i.e. SIBL Principal Branch) has earned a three-
digit operating profit figure for the consecutive second year in the SIBL’s journey towards
excellence. Out of the 125 Branches, Operating Performance in 2016 of some Branches
may be mentioned as under:
▪ 33 Branches achieved 100% Deposit Target
▪ 39 Branches achieved 100% Investment Target
▪ 30 Branches achieved 100% foreign exchange Business Target and
▪ 33 Branches achieved 100% profit target as set out for the year 2016

16 Branches incurred loss during the year which are expected to be brought under
profit club by June 2017. Capital of the Bank stood at Tk. 19,195.04 million which was
Tk. 16,916.08 million in 2015. Total Deposit and total Asset of the Bank stood at Tk.
190,564.51 million and Tk. 149,773.62 million respectively as on 31st December, 2016
compared to Tk. 227,704.18 million and Tk. 180,112.11 million respectively as on 31st
December, 2015 indicating growths of 27.24% and 26.42% respectively over the year
2015. The Bank achieved 29.88% growth in investment with a total investment portfolio
of Tk. 174,196.13 million in 2016 compared to Tk. 134,116.85 million in 2015. Import
business of the Bank stood at Tk. 104,270.60 million in 2015 with 22.81% growth over
the previous year, while Export business of the Bank stood at Tk. 49,766.00 million in
2015 with -8.05% growth over the previous year. Total Foreign Remittance was Tk.
13,345.70 million in 2016 with 31.30% growth over the previous year. Total Foreign
Exchange business of the Bank was Tk. 167,382.30 million in 2016 with 12.20% growth
over the previous year. The classified investment of the Bank was 4.44% and we finally
registered an operating profit of Tk. 5,698.08 million in the year 2016 with a remarkable
growth of 17.49% compared to Tk. 4,849.21 million in 2015. 14 new Branches were
opened and SIBL became Bank of 125 Branches. Total manpower of the bank is 2363.
GP Ratio (Gross Profit Ratio) of 2016 was 59.17 % compared to 58.79% in 2015. In the
year under review, country’s money market was soft and domestic lending rates have
fallen. Return on equity was 16.16% in 2016 against 16.00% in 2015. Current ratio for
the year 2016 was 1.03 times whereas in 2015 it was 1.11 times. The Bank was more
levered in 2016 (Debt-equity ratio 13.43 times) compared to 2015 (11.57 times). Cost of
Deposit was 5.57% in 2016 compared to 6.42% in 2015, Return on average assets was
2.06% in 2016 against 2.08% in 2015. At the end of year 2016, EPS (Restated) and PE
Ratio was Taka 3.10 and 5.93 times respectively compared to Taka 2.81 and 4.89 times in
2015.

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