Federal Bank Pres

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Federal Bank Federal Bank

The Federal Bank Limited, Regd. Office, Federal Towers, Aluva, Kerala




Q4 and Annual ResultsFY 2009-10

I N V E S T O R P R E S E N T A T I O N

14th May 2010




Leading private sector bank 672 branches and 732 ATMs spread across 24 States

Customer base of over 50 Lakhs Over 4 Lakh NRI clients – over 20 % NRI Deposits Total Business crossed Rs. 63,000 Cr Multiple delivery channels through effective use of IT

Overseas Representative Office at Abu Dhabi, UAE All branches under Core Banking Solution




PERFORMANCE HIGHLIGHTS

For the fiscal ended March 31, 2010

Total Income increased by 9.74 % from Rs.3831.15 Cr to Rs.4204.14 Cr

Total Interest Income up by 10.79 % from Rs.3315.38 Cr to Rs.3673.23 Cr

Net Interest Income up by 7.25 % from Rs.1315.46 Cr to Rs.1410.82 Cr

Non-Interest Income up by 2.93 % from Rs.515.77 Cr to Rs.530.91 Cr

Total Expenses increased by 14.31 % from Rs.2571.37 Cr to Rs.2939.30 Cr

Interest Expenses up by 13.12 % from Rs.1999.92 Cr to Rs.2262.40 Cr






♦ Operating Profit up by 0.40 % to Rs.1264.84 Cr from Rs.1259.78 Cr.

♦ Net Profit down by 7.18 % to Rs.464.55 Cr from Rs.500.49 Cr.

♦ Net NPA at 0.48 % (0.30 % in Mar 2009)

♦ CRAR at 17.26 % (20.14 % as on Mar 2009 )

♦ EPS at Rs.27.16 (Rs.29.26 in Mar 2009)

♦ Return on total assets at 1.15 % (1.48 % in Mar 2009)

♦ Book Value per share increased to Rs.274.22 from Rs.252.93 in Mar 2009

♦ Return on Equity at 10.30 % (12.13% in Mar 2009)






♦ Retail Deposits up by 19.78 % to Rs.27554 Cr

♦ Total Deposits grew by 11.99 % to Rs.36057.95 Cr ♦ Net Advances grew by 20.36 % to Rs.26950.12 Cr

♦ Total Business up by 15.42 % at Rs.63008.07 Cr

♦ Investments up by 7.72 % at Rs.13054.65 Cr

♦ Cost of Deposit at 6.55 % (6.98 % in FY 09)

♦ Yield on Advances at 11.30 % (12.30 % in FY 09)

♦ Interest Yield on Investments at 6.84 % (7.27 % in FY 09)

♦ Net Interest Margin at 3.82 % (4.28 % in FY 09)

♦ Cost to Income ratio at 34.86 % (31.21 % in FY 09)





32.35 %34.89 %Cost to Income Ratio

3.90 %4.19 %Net Interest Margin

2.35114.17116.85Net Profit

10.31318.92351.79Operating Profit

4.96697.36731.94Total Expenditure

6.641016.281083.74Total Income

(-) 13.26150.54130.59Other Income

27.66320.90409.68Net Interest Income

(-) 0.25544.84543.45Interest Expenses

10.10865.74953.14Interest Income

Y-o-y

growth (%)

Q4 March

2009

Q4 March

2010

3 Months Performance

(Rs. in Crores)





12.30 %11.30 %Yield on Advances

6.98 %6.55 %Cost of Deposits

4.28 %3.82 %Net Interest Margin

(-) 7.18500.49464.55Net Profit0.401259.781264.85Operating Profit

14.312571.372939.29Total Expenditure

9.743831.154204.14Total Income

2.93515.77530.91Other Income

7.251315.461410.83Net Interest Income

13.121999.922262.40Interest Expenses

10.793315.383673.23Interest Income

Y-o-y

growth (%)

March

2009

March

2010

12 Months Performance

(Rs. in Crores)




Business Growth at a glance

38851

22392

12119

749

32198

4325.9

171.0

March 09

32506

18905

10026

792

25913

3925.7

171.0

March 08

25090

14899

7033

770

21584

1502.2

85.6

March 07

1305562725799Investments

26950117378823Advances

20643

611

17879

1250.0

85.6

March 06

4367616821Balance Sheet Size

1547186Borrowings

3605815193Deposits

4690.4723.3Net Worth

171.065.6Capital

March 10March 05

500.5

2571

3831

368.0

2116

2910

292.7

1491

2104

225.2

1428

1654

465.090.1Net Profit

29391313Total Expenses

42041403Total Income

(Rs. in Crores)




38850.8643675.60TOTAL

622.14657.68Other Assets

280.78289.77Fixed Assets

22391.8826950.12Advances

12118.9713054.64Investments

1222.70404.51Bal. with banks & money at call

2214.392318.88Cash & Balance with RBI

ASSETS38850.8643675.60TOTAL

1577.861380.44Other Liabilities & Provisions

748.941546.76Borrowings

32198.1936057.95Deposits4154.844519.42Reserves & Surplus

171.03171.03Capital

LIABILITIES

31st March 200931st March 2010As at

BALANCE SHEET(Rs. in Crores)




GROWTH IN INCOME & PROFIT

3 months (Q4 FY 10 vs Q4 FY 09) 12 months (FY 10 vs FY 09)

114.2 116.8

318.9351.8 320.9

409.7

1016.31083.7

Net Profit Operat.Profit Net. Int. Income Total Income

FY 2008-09 FY 2009-10

500.5464.5

1259.8 1264.8 1315.51410.8

3831.2

4204.1

Net Profit Operat.Profit Net. Int. Income Total Income

FY 2008-09 FY 2009-10

(Rs. in Crores)




OTHER INCOME

FY 2010 vs FY 2009

150.5130.6

515.8530.9

Q 4 12 months

March 2009 March 2010

216.9

286.7

394.7

515.77530.91

FY 05-06 FY 06-07 FY 07-08 FY 08-09 FY 09-10

Growth over last five years

(Rs. in Crores)

MOVEMENT OF “OTHER INCOME”




3.82

3.49

3.473.48

3.54

4.28

March 05 March 06 March 07 March 08 March 09 March 10

Net Interest Margin (%)

502

600

732

868

13151411

March 05 March 06 March 07 March 08 March 09 March 10

Net Interest Income (Rs. Cr)

MOVEMENT OF NII and NIM






32198

243051448

6445

2009

25913

194121464

5037

2008

21584

161371217

4230

2007

17879

13415930

3534

2006

360581519313477Total Deposits

266161149010423Other Deposits1831838642Demand Deposits

761128652412Savings Deposits

201020052004

Growth in Deposits(Rs. in Crores)

52%

22%

26%

CASA

Term Deposits

Certificate of Deposits +Deposits of 5 Cr and above

Constitution of Total Deposits as on 31.03.2010




64457611

5671 54496907

7351

23004

27554

Savings

Bank

NRI

Deposits

NRI (incl.

ONR)

Retail

Deposits

March 2009 March 2010

Growth in SB, NRI and Retail Deposits

20 %

18 %

- 4 %

(Rs. in Crores)

6.5 %




7051

7382

8474

22907

2009

5609

6955

6763

19327

2008

861442202996Retail Loans

849760994971S M E Advances

4213

12180

2006

105234958Large Corporate Advances

2763415277Gross Advances

20102007

SME

30.7%

Retail31.2%

Corporate

38.1%

Growth in Advances

8497

73826955

6099

4971

2006 2007 2008 2009 2010

Distribution of Advances S M E Advances

(Rs. in Crores)

Large Corporate Advance refer to advances of Rs. 25 Crore and above

The change in classification of advances is w.e.f. 01.11.2009




RETAIL ASSETS

Retail Assets constitute nearly 31 % of the Bank's total advances at the end of FY 2009-10 Product-wise composition of Retail Assets as at 31.03.2010

1%

3%

5%

8%

9%

4%

4%

10%

56%

Housing Loans

Gold Loans

Home Overdraft

Mortgage Loan

AAS / AAD

Car Loan

Educational Loan

Personal Loan

Others

Housing Loans form 56 % of Retail Assets

Advance against approved securities form 8 % of Retail Assets Gold Loans contribute another 10 % Personal Loans account for less than 1 % of Retail Assets

F d l B k




TOP 10 INDUSTRIAL EXPOSURES

474.49Chemicals, Dyes, Paints, Fertilizers, etc.4

436.71Metal & metal products (Other than Iron & Steel)5

203.76

254.44

359.88406.73

409.98

558.99

671.051729.80

Amount ofexposure

Petroleum10

Coal9

Engineering incl. electronics8Cotton Textiles

7

Food Processing6

Roads & Ports (Infrastructure)3

Iron & Steel2Power (Infrastructure)

1

SectorNo.

(Rs. in Crores)

(as on 31.03.2010)

F d l B kF d l B k




EXPOSURE TO SENSITIVE SECTORS

1.87 %419.591.43 %386.00Capital Markets

3.96 %886.492.26 %608.06Commercial Real Estate

% to totaladvances

Amount% to totaladvances

Amount

31.03.200931.03.2010

(Rs. in Crores)

F d l B kFederal Bank




TREASURY OPERATIONS

42.9939.19

76.91

56.51

0.36

14.4

1.56

-0.88

4.51

31.91

1.21

4.89

Forex G Sec SLR Equity Derivatives Mutual Fund

& others

Money Mkt

March 2009

March 2010

PROFIT FROM VARIOUS SEGMENTS

(Rs. in Crores)

Federal BankFederal Bank




HFT

6.12%

AFS

22.08%

HTM

71.80%

Treasury Portfolio (Rs. in Crores)

Constitution of Investments as on 31.03.2010

190

4083

8164

122476571

5676

4771

905

Mar 09

37732429Non-SLR

190190IFR

92947697of which SLR

101265230

4896

4655

241

Mar 08

13067Total Investments9382HTM

800HFT

3685HFT + AFS

2885AFS

Mar 10





0.48

0.560.54

0.29

0.3

Q4 FY 09 Q1 FY 10 Q2 FY 10 Q3 FY 10 Q4 FY 10

Net NPA % at end of

fiscal (last 5 years)

FY 2005 – 06 : 0.95 FY 2006 – 07 : 0.44

FY 2007 – 08 : 0.23

FY 2008 – 09 : 0.30

FY 2009 – 10 : 0.48

NPA MOVEMENT

Net NPA (%)

589.54

68.12

820.97

128.8

31.3.2009 31.3.2010

Gross NPA Net NPA

83.37 %87.34 %

FY 2009-10FY 2008-09

Provision Coverage Ratio

(Rs. in Crores)

2.97 %

2.57 %





759.29

292.52

96.75346.50

23.52

12 months

ended

Mar 2009

204.75234.94800.30TOTAL PROVISIONS

117.22137.04395.00Tax

38.3426.0689.93Other purposes31.6477.25413.11Loan Losses

17.55(-) 5.41(-) 97.74Investment Losses

3 months

ended

Mar 2009

3 months

ended

Mar 2010

12 months

ended

Mar 2010

BREAK UP OF TOTAL PROVISIONS

Rs. in Crores





Movement of Margins

31.21

4.28

7.27

6.98

12.30

FY 09

37.12

3.49

7.40

6.72

11.46

FY 08

3.823.473.483.543.35Net Interest Margin

39.85

7.38

5.55

10.16

FY 07

34.8644.6443.6039.30Cost to Income Ratio

6.847.457.548.75Yield on Investments

6.555.115.086.24Cost of Deposits

11.309.809.8610.96Yield on Advance

FY 10FY 06FY 05FY 04

%





General

Branches647

Service

Branches16

Asset

Recovery4

Specialised

Branches

5

Currency

Chest2

Regional

Offices

13

CorporateOffice

01RepresentativeOffice (Overseas)

732ATMs

13Regions

672Branches

CHANNELS OF DELIVERY

(as on 31.03.2010)

Federal BankFederal Bank State No.



Federal Bank Federal Bank ANDHRA PRADESH 24

ASSAM 6

BIHAR 1

CHANDIGARH 1

CHATTISGARH 2

GOA 4

GUJARAT 8

HARYANA 8

JHARKHAND 5

KARNATAKA 48

KERALA 391

MADHYA PRADESH 3

MAHARASHTRA 63MEGHALAYA 1

NAGALAND 1

NEW DELHI 17

ORISSA 3

PONDICHERRY 2PUNJAB 6

RAJASTHAN 3

TAMILNADU 47

UTTAR PRADESH 10

UTTARANCHAL 1WEST BENGAL 17

Total 672

STATEWISE DISTRIBUTIONOF BRANCHES


B h



Growing NETWORKE x p a n d i n g H o r i z o n s

Branch Demographics

No. of Branches Metro 109 Urban 156 Semi urban 290 Rural 117 TOTAL 672

No. of Extn. Counters Metro 2 Urban 2 Semi urban 2

Rural 1TOTAL 7

No. of ATMs Metro 106 Urban 201

Semi urban 344 Rural 81TOTAL 732

(as on 31.03.2010)

440456

472

536

603612 672

207

256

320

391

532

617 732

Branches ATMs

31.3.04 31.3.05 31.3.06 31.3.07 31.3.08 31.3.09 31.3.10


S SS S O



BUSINESS DISTRIBUTION

DEPOSITSADVANCES

NO. OF BRANCHES All data as on 31.03.2010

281

391

Kerala

Outside Kerala

51.5% 48.5% KeralaOutside Kerala

58%42%

KeralaOutside Kerala




205.8

8920

612

6.90750

7258

2009

131.7

7432

603

5.43655

6776

2008

188.2

9387

672

6.01813

7733

2010

113.5

6756

540

4.43544

6606

2007

95.787.7Gross Profit Per Branch (in Rs. Lakhs)

58135196Business Per Branch (in Rs. Lakhs)

472456No. of Branches

3.541.39Net Profit Per Employee (in Rs. Lakhs)431

6366

2006

366Business Per Employee (in Rs. Lakhs)

6474No. of Employees

2005

EFFICIENCY NUMBERS






516

276

83

5

51

101

FY 09

395

190

75

6

34

90

FY 08

287

121

49

4

30

83

FY 07

217

108

17

2

20

70

FY 06

531

268

108

5

45

105

FY 10

614228Others

211297234Total

55173135Profit on saleof securities

246Dividend Income

281917Forex Transactions

655948Exchange &Commission Income

FY 05FY 04FY 03

DETAILS OF OTHER INCOME

(Rs. in Crores)




How we are rated

Bonds

Certificate of Deposit

Fixed Deposits CRISIL

CRISIL

FITCH AA- (ind)

P1+

P1+

Instrument Agency Rating

Bonds CARE AA

Federal Bank Federal Bank Subsidiaries and Joint



Subsidiaries and JointVentures

IDBI Fortis Life Insurance Co. Ltd. Bank’s Joint Venture Life Insurance Company, in association with IDBI Bank Limited and

Fortis Insurance International N.V.

Federal Bank holds 26 % equity in the J.V.

Started selling life insurance products from March 2008

FedBank Financial Services Ltd.

Fully owned subsidiary of the Bank

Marketing Retail Products of the Bank

Proposes to sell Insurance / Mutual Fund Products in the near future Retail Hubs established at major centres

Separate mechanism established for speedy and dedicated processing of loanssourced through this channel

UAE Representative Office

Representative Office at Abu Dhabi, Capital of U.A.E.

Gateway of the Bank to the whole of Middle East

Increased the reach of the bank among Non-Resident Indians in the Gulf countries

Interface between existing customers of GCC countries and Branches / Offices inIndia


K E Y R A T I O S



E P SE P S (Rs.)(Rs.)

RETURN ON EQUITY (%)RETURN ON EQUITY (%) RETURN ON ASSETS (%)RETURN ON ASSETS (%)

K E Y R A T I O S

28.74

32.42

29.26

27.16

Mar 07 Mar 08 Mar 09 Mar 10

21.27

13.5612.13

10.3


1.381.34

1.48

1.15


(on enlarged capital base from March ’08 onwards)


K E Y R A T I O S



Profit Per Employee (Rs. Lakh)Profit Per Employee (Rs. Lakh) Business Per Employee (Rs. Lakh)Business Per Employee (Rs. Lakh)

K E Y R A T I O S

4.43

5.4

6.9

6.01


544

655

750

813


0.55 0.58

0.82

0.69


Net Profit Per Branch (Rs. Crore)Net Profit Per Branch (Rs. Crore) Business Per Branch (Rs. Crore)Business Per Branch (Rs. Crore)

67

74

8994



K E Y R A T I O S



NET WORTH (Rs. Crore)NET WORTH (Rs. Crore)BOOK VALUE PER SHARE (Rs.)BOOK VALUE PER SHARE (Rs.)

* proposedDIVIDENDDIVIDEND

*

K E Y R A T I O S

1502

39264326

4690


175.48

229.53

252.93274.22


40% 40%

50% 50%


CAPITAL ADEQUACY RATIO (%)CAPITAL ADEQUACY RATIO (%)

13.43

22.46

20.14

17.26



OWNERSHIP



OWNERSHIP

Shareholding pattern as on 31.03.2010

F I I

36%

Corporate Bodies

12%

Individuals

20%

GDR

2%

Mutual Funds

17%

Financial

Institutions,

Banks, etc.

8%

Foreign

Corporate Bodies

5%




THANK YOU INVESTORSTHANK YOU INVESTORSTHANK YOU INVESTORSTHANK YOU INVESTORS

for your continued support and trust

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