Demerara bank limited Chief Executive Officer Report for Month of November 2011.
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Transcript of Demerara bank limited Chief Executive Officer Report for Month of November 2011.
demerara bank limited
Chief Executive OfficerReport for Month of November 2011
demerara bank limited
DepositsDeposits (G$‘000) Nov 2011 Nov 2010 % Inc
Savings 18,037,253 13,622,829 32.4%
Demand 3,814,560 2,851,753 33.76%
Term 9,658,187 12,920,147 (25.2%)
TOTAL 31,509,999 29,394,729 7.19%
Profit for the month 70,182 42,880 63.6%
Cumulative Profit for the year 234,093 304,347 (23%)
demerara bank limited
Advances
Loan and overdraft applications in process –G$514,375,000Loans approved but not disbursed –G$539,256,120
Advances (G$‘000) Nov 2011 Nov 2010 % Inc
Term Loans 5,017,002 5,420,614 (7.4%)
Overdrafts 7,540,439 5,318,082 41.7%
Total fund based Advances 12,557,441 10,738,696 16.9%
Other BondsGuarantees
( Non-fund based)
921,697 1,791,544 (48.5%)
Average Yield on Advances (% p.a.) 9.71% 9.9% (1.9%)
Non-Performing Assets 372,252 299,211 24.4%
Provisions for NPAs 308,221 268,422 14.8%
Recovery during month 377 200 88.5%
demerara bank limited
InvestmentsInvestment (G$‘000) Nov 2011 Nov 2010 % Inc
Treasury Bills 100,000 300,000 66.6%
Local Bonds & Other Investment 226,976 226,976 -
Overseas 12,574,670 10,359,984 21.3%
TOTAL 12,901,646 10,886,960 18.5%
Income on Investment 179,312 75,210 138.4%
Tax Free Income 40,499 38,017 6.5%
Total Tax free income for the current
financial year (actual)2 mths + low income
GL a/c #9200005
81,986 74,635 9.8%
Yield on investment 8.19% 8.9%
demerara bank limited
Profitability(GYD Millions) Nov 2011
Exchange Earnings 17.96
Net Interest Income 139.74
Interest Expense 52.4
Yield on Advances 9.71%
Cost of Funds 2.0%
Average Advances 12.86Bln
Investments 12.9 Bln
New Accounts 223
Total Accounts 61,313
(GYD Millions) Nov 2011
Amalgamated Operational Profit
70.18
Main Branch 99.28
Rose Hall (10.97)
Corriverton (5.72)
Anna Regina (3.9)
Diamond (5.97)
Le Resouvenir (2.54)
demerara bank limited
Branch DepositsRose Hall Corriverton Anna Regina Diamond Le
Ressouvenir
Date of opening Feb. 4, 2004 Aug. 4, 2008 May 25, 2009 Feb. 28, 2011 Oct. 10, 2011
Deposits G$3.6B G$1.94B G$1B G$210M G$150M
Total No. of Accounts
held to date9,186 3,848 3,715 949 263
Accounts opened 67 57 100 89 162
Profit/Loss (G$10.97M) (G$5.72M) (G$3.9M) (G$5.9M) (G$2.5M)
Cost of Fund 2.56% 2.39% 1.62% 2.17% 0.29%
Non-interest Expenses G$6.29M G$5.38M G$4.15M G$8.9M G$6.16M
demerara bank limited
Staff MovesResignations/Terminations– One(1)Devindra Mahadeo
New Staff – Ten(10)ClericalRomana Hublall Nikita Persaud Christina Correia Stefon Marshall Rajkumarie Harrinarine Non-clericalSimone Blackman Anjanie Jaigobin SecurityAzad Mustapha Linden MarshallLalbahadur Persaud
demerara bank limited
Inter Bank Dealings
July 2011Borrowed Lent
- 800 million
Interest Paid: -Interest Received: 98,631.00
There was no interbank trading for the month of July
demerara bank limited
Schedule of InvestmentsBonds USD 53,174,814.53 10,847,662,164 Treasury Bills USD - -
Equity USD 325,694.35 66,441,647
CDs/DCDs USD 1,000,000.00 204,000,000
Money Market A/cs USD 21,024,703.59 4,289,039,532
75,525,212.47 15,407,143,344
Bonds GBP 7,180,735.29 1,464,869,999
Treasury Bills GBP - -
Money Market A/cs GBP 242.15 49,399
7,180,977.44 1,464,919,398
Bonds EUR 1,354,668.14 276,352,301
T/Bills EUR - -
Money Market A/cs EUR 686.27 139,999
1,355,354.41 276,492,300
Money Market A/cs CAD 157.73 32,177
157.73 32,177
Total Foreign Investments USD 84,061,702.05
17,148,587,218.20
Type Value GYDBonds GYD 200,000,000 Treasury Bills GYD 100,000,000 Equity GYD 26,976,333
Total Local Investments
GYD 326,976,333
Total Investments USD 85,664,527.21 17,475,563,551
Liquidity Analysis % GYDShort Term 26 4,559,702,754 Long Term 74 12,915,860,797
100 17,475,563,551
demerara bank limited
Schedule of Investments
USD GYD % of
Portfolio
Caribbean Exposure 27,253,108 5,559,633,963 31.81
Indian Banks -Bonds 9,630,200 1,964,560,800 8.07
Europe 9,730,500 1,985,022,000 11.78
UK Banks 7,716,985 1,574,264,999 9.01
Brazil 5,591,425 1,140,650,700 6.53
USA 1,788,000 364,752,000 2.09
demerara bank limited
eBanking
eBanking 2,344 Users
These services are all offered free.
demerara bank limited
ATM/Point of Sale
ATM LocationValue (G$)
Debits
Amount of
Transactions
Value (G$)
Credits
Amount of
Transactions
Camp Street 109,972,500 9,515 12,057,317 568
City Mall 38,659,000 3,578
DDL Diamond 15,129,000 1,184
Diamond Branch 29,395,500 2,405 2,696,894 101
Rose Hall 15,931,000 1,319
Corriverton 10,333,500 903 923,000 35
Anna Regina 7,880,500 590 178,000 12
Charity Mall 433,000 37
Le Ressouvenir 13,145,000 870 1,817,628 64
ATM Total 240,879,000 20,401 17,672,839 780
POS Total 1,172,956 121
Grand Total 242,051,956 20,522 17,672,839 780
demerara bank limited
Mobile POS
We have received fifty(50) mobile Point-of-Sale Terminals and the legal agreement for the supply of the wireless terminals is being examined.Once we finalise same (which we hope to do as quickly as possible), we can enter into the agreement with merchants and provide them with thenew machines.We have worked out an exclusive marketing strategy for the wireless POS terminals which will be executed once we give the machines to the merchants.
demerara bank limited
Visa
We are still trying to get the VISA Associate Membership from either RBTT or Bank of Baroda.The two organizations being large, takes a long time for approval / disapproval.
demerara bank limited
Guyana
Elections 2011 are over and the new Government has taken its place but the ruling party do not have adequate majority in Parliament.The minority Government will have to work in close co-ordination with other parties to get the Budget passed and other regulations and bills approved.
demerara bank limited
Interest Income Interest Inc (Adv) Interest Inc (Inv) Total Interest Income Interest Expense Net Interest income
10-11 10-11 10-11 10-11 10-11 10-11 10-11 10-11 10-11 10-11
Oct 90,043 102,818 72,984 89,436 163,027 192,254 77,406 51,317 85,621 140,937
Nov 91,025 104,113 80,446 88,056 171,472 192,169 73,909 52,430 97,562 139,738
Dec 96,270 - 78,882 - 175,151 - 68,493 - 106,658 -
Jan 121,844 - 86,109 - 207,954 - 57,444 - 150,510 -
Feb 90,420 - 79,581 - 170,001 - 58,013 - 111,988 -
Mar 99,169 - 59,560 - 158,729 - 58,571 - 100,157 -
Apr 101,226 - 79,834 - 181,060 - 58,796 - 122,264 -
May 84,841 - 91,478 - 176,319 - 60,436 - 115,884 -
Jun 86,139 - 96,431 - 182,570 - 56,236 - 126,334 -
Jul 108,690 - 110,413 - 219,104 - 57,002 - 162,102 -
Aug 101,254 - 83,109 - 184,363 - 57,143 - 127,220 -
Sep 106,704 - 58,648 - 165,352 - 49,436 - 115,915 -
Tot 1,177,625 206,931 977,476 177,491 2,155,101 384,422 732,885 103,748 1,422,216 280,675
Avg 98,135 103,465 81,456 88,746 179,592 192,211 61,074 51,874 118,518 140,337
demerara bank limited
Interest Spread Avg Interest (Adv) Avg Interest (Inv) Avg Interest Exp Avg Spread (Adv) Avg Spread (Inv)
10-11 10-11 10-11 10-11 10-11 10-11 10-11 10-11 10-11 10-11
Oct 10.35% 10.02% 8.57% 8.41% 3.25% 2.00% 7.10% 8.02% 5.32% 6.41%
Nov 9.93% 9.71% 8.87% 8.19% 3.02% 2.00% 6.91% 7.71% 5.85% 6.19%
Dec 10.45% - 8.33% - 2.82% - 7.63% - 5.51% -
Jan 13.43% - 8.60% - 2.46% - 10.96% - 6.14% -
Feb 9.98% - 7.76% - 2.42% - 7.56% - 5.34% -
Mar 10.62% - 6.25% - 2.44% - 8.19% - 3.82% -
Apr 10.48% - 8.46% - 2.40% - 8.08% - 6.06% -
May 8.85% - 8.08% - 2.31% - 6.54% - 5.77% -
Jun 8.95% - 8.55% - 2.06% - 6.89% - 6.49% -
Jul 11.24% - 9.45% - 2.13% - 9.11% - 7.32% -
Aug 10.18% - 6.86% - 2.20% - 7.98% - 4.66% -
Sep 10.42% - 5.77% - 1.99% - 8.44% - 3.78% -
Tot 124.88% 19.73% 95.56% 16.60% 29.50% 4.00% 95.38% 15.73% 66.06% 12.60%
Avg 10.41% 9.86% 7.96% 8.30% 2.46% 2.00% 7.95% 7.86% 5.51% 6.30%
demerara bank limited
Exch Gain & Commissions Exchange Comm & Other Income
10-11 10-11 10-11 10-11
Oct 14,636 25,401 173,177 10,634
Nov 19,636 17,957 15,063 10,673
Dec 27,509 - 5,458 -
Jan 17,828 - 2,776 -
Feb 19,760 - 6,191 -
Mar (86,700) - 7,961 -
Apr 128,566 - 7,925 -
May 16,498 - 36,292 -
Jun 11,981 - 8,977 -
Jul 42,386 - 8,331 -
Aug 13,914 - 8,598 -
Sep 1,890 - 11,863 -
Tot 227,903 43,358 292,611 21,307
Avg 18,992 21,679 24,384 10,654
demerara bank limited
Balances Advances Investments Deposits
10-11 10-11 10-11 10-11 10-11 10-11
Oct 10,443 12,317 10,216 12,757 28,577 30,758
Nov 10,999 12,866 10,887 12,902 29,394 31,510
Dec 11,057 - 11,359 - 29,114 -
Jan 10,891 - 12,016 - 27,985 -
Feb 10,871 - 12,303 - 28,733 -
Mar 11,203 - 11,429 - 28,850 -
Apr 11,587 - 11,321 - 29,391 -May 11,500 - 13,583 - 31,404 -
Jun 11,556 - 13,538 - 32,803 -
Jul 11,606 - 14,023 - 32,152 -
Aug 11,937 - 14,531 - 31,114 -
Sep 12,285 - 12,199 - 29,879 -
Tot 135,933 25,182 147,406 25,658 359,397 62,268
Avg 11,328 12,591 12,284 12,829 29,950 31,134
demerara bank limited
Admin Expenses Staff Costs Administration Costs Prem & Vehicle Exp Net Profit
10-11 10-11 10-11 Provision 0-Jan Provision 10-11 10-11 10-11 10-11
Oct (4,214) (3,861) 12,341 - 9,851 - 3,938 7,071 261,370 163,910
Nov 76,941 78,412 9,393 - 13,674 - 3,047 6,100 42,880 70,182
Dec 21,054 - 14,001 - - - 3,145 - 101,425 -
Jan 19,072 - 11,968 - - - 3,481 - 136,593 -
Feb 17,434 - 9,904 - - - 3,987 - 106,613 -
Mar 20,507 - 12,891 - - - 5,298 - (17,278) -
Apr 20,314 - 10,935 - - - 3,878 - 223,628 -
May 20,562 - 17,085 - - - 4,722 - 126,305 -
Jun 20,742 - 9,474 - - - 4,273 - 112,803 -
Jul 25,630 - 8,460 - - - 3,882 - 174,847 -
Aug 24,111 - 13,346 - - - 9,253 - 103,022 -
Sep 48,079 - 58,158 - - - 5,787 - 17,644 -
Tot 310,234 74,551 187,956 - 23,525 - 54,689 13,1711,389,85
2 234,093
Avg 25,853 37,276 15,663- 11,763 4,557 6,585 115,821 117,046
demerara bank limited
Chief Executive Officer