Demerara bank limited Chief Executive Officer Report for Month of November 2011

demerara bank limited

Chief Executive OfficerReport for Month of November 2011


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%)


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%


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%


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)


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


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


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


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


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


eBanking

eBanking 2,344 Users

These services are all offered free.


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


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.


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.


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.


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


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%


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


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


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


Chief Executive Officer

Documents

Demerara bank limited Chief Executive Officer Report for Month of November 2011