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Performance Review: Nine months ended Dec 31, 2001 (Apr-Dec 2001) January 22, 2002
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2 Agenda Financial Overview Business Highlights Merger Update
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3 Summary ratios (Indian GAAP) 1. Annualised
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4 Business levels Rs. bn
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5 Operating profit Rs. bn
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6 Profit statement Rs bn
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7 Interest spread Spread: Yield on interest earning assets minus cost of interest bearing liabilities Net interest margin: Net interest income as a ratio of average interest earning assets Per cent
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8 Operating expenditure Rs bn
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9 Non-performing assets Rs bn
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10 Income statement: US GAAP Rs bn
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11 Agenda Financial Overview Business Highlights Merger Update
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12 Liabilities Increase in deposit base from Rs. 175.15 bn at September 30, 2001 to Rs. 229.20 bn at December 31, 2001 Compared to increase of Rs. 11.37 bn in H1-FY02 Retail deposits up from Rs. 117.00 bn at Sep 30, 2001 to Rs. 136.86 bn 60% of total deposit base Customer accounts up from 4.3 mn to 4.7 mn Savings deposits up from Rs. 21.86 bn to Rs. 23.32 bn
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13 Channel migration: dramatic increase in non-branch volumes Over 50% of transactions through electronic channels ATMs, call centres and Internet The largest ATM network of any bank in India with 731 ATMs Over 1 million Internet banking accounts
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14 Retail banking: cards One of the largest incremental issuers of cards in India Card base of 2.5 mn Credit cards: 0.5 mn Debit cards: 0.4 mn ATM cards: 1.6 mn Acquiring business commenced in 3 cities Two co-branded cards launched
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15 Corporate banking 149 new corporate relationships in Apr-Dec 83% of the portfolio continues to be rated A and above Total CMS volumes of over Rs. 360 bn in Q3 Clearing and settlement accounts up from 20 at March 31, 2001 to 58 at December 31, 2001
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16 Agenda Financial Overview Business Highlights Merger Update
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17 Progress on the merger Progress on the merger has been in line with the expected timeframe Scheme of Amalgamation (‘the Scheme”) has been filed with the High Courts at Bombay and Ahmedabad An Extraordinary General Meeting of ICICI Bank shareholders has been convened on January 25, 2002, and of ICICI shareholders on January 30, 2002, to consider the Scheme. Discussions with RBI on the proposal for the merger are in progress The Appointed Date for the merger shall be March 30, 2002, or the date from which RBI’s approval becomes effective, whichever is later
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18 Progress on the merger Incremental SLR portfolio of Rs. 72.78 bn built up in Q3-2001 Average yield on SLR portfolio for Apr-Dec 2001 was 9.42% compared to 10.05% for H1-FY02 Net increase in deposit base Rs. 54.05 bn Cost of deposits for Apr-Dec 2001 was 7.28% compared to 7.39% for H1-FY02
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19 Thank you
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