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Performance Review: Nine months ended Dec 31, 2001 (Apr-Dec 2001)

Performance Review: Nine months ended Dec 31, 2001 (Apr-Dec 2001). January 22, 2002. Agenda. Financial Overview Business Highlights Merger Update. Summary ratios (Indian GAAP). 1. Annualised. Business levels. Rs. bn. Operating profit. Rs. bn. Profit statement.

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Performance Review: Nine months ended Dec 31, 2001 (Apr-Dec 2001)

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  1. Performance Review: Nine months ended Dec 31, 2001 (Apr-Dec 2001) January 22, 2002

  2. Agenda • Financial Overview • Business Highlights • Merger Update

  3. Summary ratios (Indian GAAP) 1. Annualised

  4. Business levels Rs. bn

  5. Operating profit Rs. bn

  6. Profit statement Rs bn

  7. Interest spread Per cent 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

  8. Operating expenditure Rs bn

  9. Non-performing assets Rs bn

  10. Income statement: US GAAP Rs bn

  11. Agenda • Financial Overview • Business Highlights • Merger Update

  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

  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

  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

  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

  16. Agenda • Financial Overview • Business Highlights • Merger Update

  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

  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

  19. Thank you

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