Investor Presentaiton
CAL Bank HY 2014 - Group Income Statement
Key Items (GHS '000)
HY 2014
HY 2013
Y/Y Change
Net Interest Income
79,422
69,298
14.6%
Net Fees & Commissions
26,473
14,731
79.7%
Net Trading Income
Other Income
Total Income
26,878
8,540
214.7%
6,906
7,644
(9.7)%
139,678
100,213
39.4%
Credit Loss Expenses
(6,789)
(8,763)
22.5%
Total Operating Expenses
(45,177)
(35,385)
(27.7)%
Profit before tax
Profit after tax
87,712
56,065
56.4%
61,483
42,140
45.9%
CAL Bank
Bank on our Service
Key Highlights
Net Interest Income growth of 14.6% y/y
attributable to a 90% growth in interest-
bearing assets
■ Significant contribution from Net Trading
Income, up 214.7% y/y, driven largely by
increased customer and proprietary trade
volumes and international trade volumes
Total Operating Expenses growth of
27.7% y/y compares favorably to 39.4%
growth in Total Income
■ Staff costs formed 61.2% of Total
Operating Expenses in H1 2014, in line
with previous year H1 2013 (61.3%)
Key Ratio
HY 2014
HY 2013
Change
Credit Loss Expense decreased by 22.5%
Cost to income ratio
32.3%
35.3%
8.4%
Interest expense to Interest income
48.6%
45.2%
(7.5)%
45.9% y/y growth in Profit after tax
Net Interest Margin
10.7%
14.3%
(26.7)%
Half-Year 2014 Investor Presentation - August, 2014
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