Company Fundamentals - Financial Summary

Company Name Punjab National Bank (PNBK.NS)

Country India
TRBC Industry Group Banking Services
CF Template BNK
Consolidation Basis Parent
Scaling Thousands
Period Annual
Export Date 01-07-2021
Statement Data 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Period End Date 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2015 31-03-2016 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Period Length 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months

Statement Date 31-03-2004 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2014 31-03-2015 31-03-2017 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Update Type Original Reclassification Reclassification Reclassification Restatement Reclassification Reclassification Reclassification Reclassification Reclassification Original Original Reclassification Original Original Original Original

Standardized Currency INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR

Reporting Currency INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR

Reporting Unit Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands

Source IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS

Source Date 29-07-2004 11-08-2006 18-07-2007 23-07-2008 13-07-2009 21-06-2010 13-06-2011 08-06-2012 06-06-2013 07-07-2014 07-07-2014 08-06-2015 07-06-2017 07-06-2017 07-08-2018 25-06-2019 12-07-2020

Original Announcement Date 02-06-2004 12:00 20-05-2005 12:00 24-05-2006 12:00 24-05-2007 00:00 18-06-2008 12:00 20-05-2009 12:00 28-05-2010 12:00 04-05-2011 12:00 09-05-2012 12:00 09-05-2013 12:00 13-05-2014 12:00 08-05-2015 12:00 18-05-2016 12:00 16-05-2017 12:00 15-05-2018 12:00 28-05-2019 09:26 19-06-2020 17:04

Complete Statement Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete

Flash Update Full Update Full Update Full Update Full Update Full Update Full Update Full Update Full Update Flash Flash Flash Flash Flash Flash Flash Flash Flash

Consolidated Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent

G.P. Kapadia & Ramanlal G. Shah Ramanlal G. Shah Ramanlal G. Shah V. Sankar Aiyar & Borkar & G S Madhava Rao G S Madhava Rao K. N. Gutgutia &
Auditor Name Co. & Co. & Co. & Co. Co.
Kalani & Co Kalani & Co V.K. Verma & Co.
Muzumdar & Co. & Co. Co.
Shah Gupta & Co. Shah Gupta & Co. Suri & Co. G.S.Mathur & Co. G.S.Mathur & Co.

Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with
Auditor Opinion Unqualified Unqualified Unqualified
Explanation Explanation
Unqualified Unqualified Unqualified Unqualified Unqualified Unqualified Unqualified
Explanation Explanation Explanation Explanation Explanation

Acc. Std Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian

Template Type Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating

Source Type Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized

Financial Summary - Standardized (Currency: As Reported)

Field Name 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2015 31-03-2016 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Selected Income Statement Items

Interest & Dividend Income/(Expense) - Net - Finance 36,550,047 40,252,938 46,780,660 52,365,997 55,341,557 70,062,021 88,259,782 120,496,416 136,334,495 150,986,435 163,802,452 169,246,283 153,117,779 149,931,716 149,224,020 171,563,113 174,377,912

Non-Interest Business Revenue/(Expense) - Net - Total 17,764,858 11,858,155 10,856,719 15,196,070 19,975,606 23,356,208 28,232,192 27,230,632 32,995,820 34,125,017 36,731,312 42,658,191

Revenue from Business Activities - Total 54,314,905 52,111,093 57,637,379 67,562,067 75,317,163 93,418,229 116,491,974 147,727,048 169,330,315 185,111,452 200,533,764 211,904,474 153,117,779 149,931,716 149,224,020 171,563,113 174,377,912

Provision & Impairment for Loan Losses 20,121,678 3,573,763 8,832,431 14,482,710 2,125,961 9,234,755 14,214,947 22,629,400 29,127,700 42,819,818 59,111,833 85,645,286 170,772,613 125,536,184 278,421,282 267,000,590 143,659,141

Selling, General & Administrative Expenses - Total 21,656,091 30,002,507 27,653,844 30,407,962 24,615,435 38,011,499 41,702,162 56,479,291 60,943,442 72,026,096 82,413,042 92,610,623 68,216,744 58,457,555 97,449,624 75,411,862 75,693,580

Operating Profit before Non-Recurring Income/Expense 11,084,464 20,464,562 20,312,193 21,683,776 38,091,604 47,651,464 59,023,715 65,606,734 70,327,949 66,228,014 54,685,820 33,876,063 -57,403,865 20,061,660 -175,505,236 -137,231,880 3,309,671

Income before Discontinued Operations & Extraordinary Items 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Selected Balance Sheet Items

Loans & Receivables - Total 472,247,197 604,127,514 746,273,712 965,965,186 1,195,015,662 1,547,029,887 1,866,012,080 2,421,066,661 2,937,747,567 3,087,959,062 3,492,691,232 3,805,344,052 4,123,258,000 4,194,931,496 4,337,347,213 4,582,492,041 4,718,277,227

Investments - Total 421,254,883 506,728,264 410,553,065 451,898,360 539,917,050 633,851,803 777,244,678 939,558,514 1,227,030,238 1,298,961,914 1,437,855,016 1,512,823,471 1,578,458,925 1,867,254,395 2,003,059,816 2,021,282,198 2,404,656,414

Total Assets 1,023,317,419 1,262,412,809 1,452,673,864 1,624,224,965 1,990,203,606 2,469,186,173 2,966,327,772 3,783,252,402 4,581,923,472 4,789,477,339 5,504,199,153 6,033,335,960 6,673,904,554 7,203,305,484 7,658,301,045 7,749,494,617 8,306,659,117

Deposits - Total 879,163,958 1,031,668,869 1,196,849,168 1,398,596,711 1,664,572,260 2,097,604,967 2,493,298,030 3,128,987,266 3,795,884,792 3,915,600,633 4,513,967,466 5,013,786,389 5,530,511,281 6,217,040,164 6,422,261,919 6,760,301,361 7,038,463,206

Common Equity - Total 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Tangible Total Equity 50,118,070 81,238,176 93,313,077 103,959,357 122,823,619 146,072,642 176,698,398 214,644,993 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Earning Assets 981,707,222 1,221,746,069 1,404,743,702 1,574,318,734 1,923,239,950 2,395,013,134 2,877,992,401 3,657,537,291 4,453,058,140 4,658,274,802 5,382,730,703 5,877,509,243 6,437,947,825 6,945,502,361 7,295,027,064 7,356,654,651 7,882,863,937

Selected Cash Flow Items

Net Cash Flow from Operating Activities -2,624,878 -5,626,282 108,343,107 -56,476,568 -20,937,655 26,388,075 -32,015,736 -47,424,722 -74,541,527 -54,888,017 91,396,651 130,932,867 28,521,985 301,528,924 -220,144,330 -125,917,616 -244,578,386

Depreciation, Depletion & Amortization including Impairment - Cash Flow - to Reconcile 1,899,910 1,918,205 1,951,808 2,033,349 1,921,887 2,130,152 2,445,822 2,770,781 3,134,902 3,391,776 3,730,620 3,908,570 4,163,580 4,835,308 5,761,673 5,780,240 6,076,793

Capital Expenditures - Net - Cash Flow 2,048,882 2,565,826 2,575,263 1,821,752 2,329,477 2,928,252 3,585,279 8,661,533 3,725,057 5,254,039 4,304,404 5,199,706 6,072,538 5,644,275 6,496,527 4,346,290 16,152,176

Net Change in Cash - Total 7,433,277 22,685,149 137,026,633 -91,461,737 31,852,050 25,824,206 20,604,199 62,176,473 -8,631,781 -16,926,509 180,830,629 107,157,265 171,189,180 127,085,570 71,303,565 -201,739,623 7,049,884

Selected Per Share Data

Book Value per Share 37.78 51.77 59.48 66.19 78.14 92.95 112.4 135.8 164.0 184.9 198.3 210.7 195.1 197.8 148.8 97.28 92.55

Tangible Book Value per Share 37.78 51.53 59.19 65.94 77.91 92.66 112.1 135.5 164.0 184.9 198.3 210.7 195.1 197.8 148.8 97.28 92.55

EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

Shares used to calculate Diluted EPS - Total 1,326,513 1,331,992 1,576,513 1,576,513 1,576,484 1,576,513 1,576,513 1,576,595 1,585,538 1,701,376 1,779,732 1,810,471 1,909,375 2,053,213 2,217,358 3,223,965 5,460,952

Dividend Yield - Common Stock - Gross - Issue Specific - % 1.8% 1.1% 1.3% 2.1% 1.2% 3.2% 3.0% 1.0% 2.4% 3.1% 5.0% 3.9% 0.0%

Dividend Yield - Common Stock - Net - Issue Specific - % 1.8% 1.1% 1.3% 2.1% 1.2% 3.2% 3.0% 1.0% 2.4% 3.1% 5.0% 3.9%

Profitability / Return

Interest & Dividend Income/(Expense) - Net - Finance Percentage of Earning Assets 4.05 3.65 3.56 3.52 3.16 3.24 3.35 3.69 3.36 3.31 3.26 3.01 2.49 2.24 2.10 2.34 2.29

Fee Revenue - % 10.2% 13.3% 13.1% 14.4% 14.7% 14.4% 13.8% 14.0% 12.7% 12.9% 13.0%

Efficiency Ratio - % 42.5% 53.9% 49.4% 46.5% 53.2% 39.1% 37.1% 40.3% 41.2% 41.6% 47.1% 40.9% 25.9% 2.9% 44.6% 33.8% 13.4%

Income before Tax Margin - % 20.4% 39.3% 35.3% 32.1% 44.0% 51.0% 50.7% 44.4% 41.6% 35.2% 23.4% 18.7% 37.5% 13.4% -131.2% 89.5% 4.2%

Income Tax Rate - % 0.0% 31.1% 29.2% 29.0% 37.7% 35.2% 33.9% 32.5% 30.6% 27.2% 28.7% 22.6% 34.1% 54.5%

Net Margin - % 20.4% 27.1% 25.0% 22.8% 27.4% 33.1% 33.5% 30.0% 28.8% 25.7% 16.7% 14.5% 26.0% 8.8% 82.3% 58.1% 1.9%

Return on Average Common Equity - % (Income available to Common excluding Extraordinary

24.5% 21.4% 16.4% 15.6% 18.1% 22.9% 24.1% 22.6% 19.8% 15.7% 9.8% 8.2% 10.3% 3.3% 29.5% 23.2% 0.6%
Items)

Return on Earning Assets - % 1.2% 1.3% 1.1% 1.0% 1.2% 1.4% 1.5% 1.4% 1.2% 1.0% 0.7% 0.5% 0.7% 0.2% 1.7% 1.4% 0.0%

Return on Average Total Assets - % (Income before Discontinued Operations & Extraordinary
1.2% 1.2% 1.1% 1.0% 1.1% 1.4% 1.4% 1.3% 1.2% 1.0% 0.7% 0.5% 0.6% 0.2% 1.7% 1.3% 0.0%
Items)

Growth

Interest & Dividend Income/(Expense) - Net - Finance 36,550,047 40,252,938 46,780,660 52,365,997 55,341,557 70,062,021 88,259,782 120,496,416 136,334,495 150,986,435 163,802,452 169,246,283 153,117,779 149,931,716 149,224,020 171,563,113 174,377,912

Non-Interest Business Revenue/(Expense) - Net - Total 17,764,858 11,858,155 10,856,719 15,196,070 19,975,606 23,356,208 28,232,192 27,230,632 32,995,820 34,125,017 36,731,312 42,658,191

Revenue from Business Activities - Total 54,314,905 52,111,093 57,637,379 67,562,067 75,317,163 93,418,229 116,491,974 147,727,048 169,330,315 185,111,452 200,533,764 211,904,474 153,117,779 149,931,716 149,224,020 171,563,113 174,377,912

EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

Common Shares - Outstanding - Total 1,326,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,584,061 1,695,893 1,767,367 1,810,350 1,854,557 1,963,597 2,127,968 2,760,573 4,604,047 6,737,566

Deposits - Total 879,163,958 1,031,668,869 1,196,849,168 1,398,596,711 1,664,572,260 2,097,604,967 2,493,298,030 3,128,987,266 3,795,884,792 3,915,600,633 4,513,967,466 5,013,786,389 5,530,511,281 6,217,040,164 6,422,261,919 6,760,301,361 7,038,463,206

Loans & Receivables - Total 472,247,197 604,127,514 746,273,712 965,965,186 1,195,015,662 1,547,029,887 1,866,012,080 2,421,066,661 2,937,747,567 3,087,959,062 3,492,691,232 3,805,344,052 4,123,258,000 4,194,931,496 4,337,347,213 4,582,492,041 4,718,277,227

Total Assets 1,023,317,419 1,262,412,809 1,452,673,864 1,624,224,965 1,990,203,606 2,469,186,173 2,966,327,772 3,783,252,402 4,581,923,472 4,789,477,339 5,504,199,153 6,033,335,960 6,673,904,554 7,203,305,484 7,658,301,045 7,749,494,617 8,306,659,117

Capital Ratio

Capital Adequacy - Total (%) 13.1% 13.0% 13.2% 11.5% 12.2% 11.3% 11.7% 9.2% 9.7% 14.1%

Capital Adequacy - Tier 1 (%) 7.0% 9.4% 10.0% 8.9% 9.3% 8.4% 8.9% 7.1% 7.5% 11.9%

Capital Adequacy - Core Tier 1 (%) 7.9% 7.9% 6.0% 6.2% 10.7%

Capital Adequacy - Tier 2 (%) 6.1% 3.6% 3.2% 2.7% 2.9% 2.9% 2.8% 2.1% 2.2% 2.2%

Risk Weighted Assets 4,530,696,100 4,046,215,560

Liquidity Coverage Ratio - Basel 3 - % 111.2% 121.3% 182.0%

Leverage Ratio - Basel 3 - % 3.9% 3.7% 5.7%

Banking - Other Metrics

Loans - Non-Performing & Impaired Percentage of Shareholders Equity - Common 93.2% 31.4% 41.2% 65.8% 145.7% 210.9% 175.2% 117.8%

Loans to Deposits (End of Period) 0.54 0.59 0.62 0.69 0.72 0.74 0.75 0.77 0.77 0.79 0.77 0.76 0.75 0.67 0.68 0.68 0.67

Financial Strength / Leverage

Total Debt Percentage of Total Assets 4.9% 5.1% 7.2% 4.1% 6.9% 6.1% 7.3% 8.9% 8.1% 8.3% 8.7% 7.6% 9.0% 5.7% 8.0% 4.4% 5.3%

Total Debt Percentage of Total Capital 50.2% 44.3% 52.7% 38.7% 52.7% 50.8% 54.9% 61.0% 57.3% 54.8% 57.2% 53.9% 60.9% 49.2% 59.7% 43.4% 41.2%

Total Debt Percentage of Total Equity 100.6% 79.4% 111.3% 63.2% 111.4% 103.1% 121.7% 156.6% 134.0% 121.3% 133.8% 116.9% 156.0% 96.8% 148.2% 76.6% 70.1%

Earnings Retention Rate 0.90 0.88 0.87 0.80 0.80 0.80 0.82 0.84 0.85 0.80 0.60 1.00

Dividend Payout Ratio - % 9.6% 12.4% 13.1% 20.5% 19.9% 20.4% 17.8% 15.7% 15.3% 20.1% 40.1% 0.0%

Dividend Coverage - % 1,044.7% 809.6% 760.8% 488.5% 503.6% 490.2% 563.0% 636.1% 654.6% 497.5% 249.5% -613.3%

Productivity

Total Assets per Employee 17,391,822 73,750,921

Company Fundamentals - Income Statement
Company Name Punjab National Bank (PNBK.NS)
Country India
TRBC Industry Group Banking Services
CF Template BNK
Consolidation Basis Parent
Scaling Thousands
Period Annual
Export Date 01-07-2021
Statement Data 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Period End Date 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2015 31-03-2016 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Period Length 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months 12 Months

Statement Date 31-03-2004 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2014 31-03-2015 31-03-2017 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Update Type Original Reclassification Reclassification Reclassification Restatement Reclassification Reclassification Reclassification Reclassification Reclassification Original Original Reclassification Original Original Original Original

Standardized Currency INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR

Reporting Currency INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR

Reporting Unit Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands

Source IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS

Source Date 29-07-2004 11-08-2006 18-07-2007 23-07-2008 13-07-2009 21-06-2010 13-06-2011 08-06-2012 06-06-2013 07-07-2014 07-07-2014 08-06-2015 07-06-2017 07-06-2017 07-08-2018 25-06-2019 12-07-2020

Original Announcement Date 02-06-2004 12:00 20-05-2005 12:00 24-05-2006 12:00 24-05-2007 00:00 18-06-2008 12:00 20-05-2009 12:00 28-05-2010 12:00 04-05-2011 12:00 09-05-2012 12:00 09-05-2013 12:00 13-05-2014 12:00 08-05-2015 12:00 18-05-2016 12:00 16-05-2017 12:00 15-05-2018 12:00 28-05-2019 09:26 19-06-2020 17:04

Complete Statement Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete

Flash Update Full Update Full Update Full Update Full Update Full Update Full Update Full Update Full Update Flash Flash Flash Flash Flash Flash Flash Flash Flash

Consolidated Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent

G.P. Kapadia & Ramanlal G. Shah Ramanlal G. Shah Ramanlal G. Shah V. Sankar Aiyar & Borkar & G S Madhava Rao G S Madhava Rao K. N. Gutgutia &
Auditor Name Co. & Co. & Co. & Co. Co.
Kalani & Co Kalani & Co V.K. Verma & Co.
Muzumdar & Co. & Co. Co.
Shah Gupta & Co. Shah Gupta & Co. Suri & Co. G.S.Mathur & Co. G.S.Mathur & Co.

Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with
Auditor Opinion Unqualified Unqualified Unqualified
Explanation Explanation
Unqualified Unqualified Unqualified Unqualified Unqualified Unqualified Unqualified
Explanation Explanation Explanation Explanation Explanation

Acc. Std Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian

Template Type Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating Bank - Operating

Source Type Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized

Income Statement - Standardized (Currency: As Reported)

Field Name 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2015 31-03-2016 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Revenues

Interest & Dividend Income/(Expense) - Net - Finance 36,550,047 40,252,938 46,780,660 52,365,997 55,341,557 70,062,021 88,259,782 120,496,416 136,334,495 150,986,435 163,802,452 169,246,283 153,117,779 149,931,716 149,224,020 171,563,113 174,377,912

Interest & Dividend Income - Finance - Total 78,099,974 84,784,032 95,954,519 112,595,064 142,650,176 193,015,057 217,700,015 272,287,857 366,951,402 421,354,676 434,575,259 466,844,223 474,243,499 472,759,924 479,957,663 513,102,483 538,000,337

Interest Income - Loans/Deposits 39,891,402 44,103,727 55,178,461 79,003,660 105,893,899 147,861,473 168,263,870 211,887,501 286,604,241 321,718,979 327,553,334 354,266,349 351,760,400 343,130,232 338,345,039 369,775,991 383,251,838

Interest & Fees on Loans & Receivables 38,760,086 42,461,229 53,414,605 76,439,248 104,390,624 145,838,318 166,771,723 211,045,485 284,354,369 318,470,415 323,930,896 347,943,826 344,455,374 329,588,223 318,330,835 350,862,073 358,149,621

Interest Income - Deposits to Other Financial Institutions 1,131,316 1,642,498 1,763,856 2,564,412 1,503,275 2,023,155 1,492,147 842,016 2,249,872 3,248,564 3,622,438 6,322,523 7,305,026 13,542,009 20,014,204 18,913,918 25,102,217

Interest & Dividend Income - Investment Securities - Finance 36,809,699 39,740,446 40,303,393 32,882,427 36,113,189 42,649,537 45,560,508 56,375,478 77,392,071 95,299,539 102,658,289 105,999,859 120,336,525 125,771,706 139,469,819 141,059,742 153,326,015

Interest & Dividend Income - Investment Securities Available for Sale/Held to

36,809,699 39,740,446 40,303,393 32,882,427 36,113,189 42,649,537 45,560,508 56,375,478 77,392,071 95,299,539 102,658,289 105,999,859 120,336,525 125,771,706 139,469,819 141,059,742 153,326,015
Maturity - Finance

Interest & Dividend Income - Other - Finance 1,398,873 939,859 472,665 708,977 643,088 2,504,047 3,875,637 4,024,878 2,955,090 4,336,158 4,363,636 6,578,015 2,146,574 3,857,986 2,142,805 2,266,750 1,422,484

Interest Expense - Finance - Total 41,549,927 44,531,094 49,173,859 60,229,067 87,308,619 122,953,036 129,440,233 151,791,441 230,616,907 270,368,241 270,772,807 297,597,940 321,125,720 322,828,208 330,733,643 341,539,370 363,622,425

Interest Expense - Operational Financing - Business 41,416,569 44,115,244 48,529,717 59,604,992 87,308,619 121,758,065 128,898,991 149,215,063 226,317,247 266,207,837 263,094,725 291,928,055 321,125,720 322,828,208 330,733,643 341,539,370 363,622,425

Interest Expense - Deposits 39,264,441 41,632,578 46,117,865 56,174,671 87,308,619 115,643,211 119,656,264 137,953,826 213,964,731 255,006,102 252,220,395 276,213,386

Interest Expenses - Other - Total 2,152,128 2,482,666 2,411,852 3,430,321 6,114,854 9,242,727 11,261,237 12,352,516 11,201,735 10,874,330 15,714,669

Interest Expense - External Financing Business 133,358 415,850 644,142 624,075 1,194,971 541,242 2,576,378 4,299,660 4,160,404 7,678,082 5,669,885

Non-Interest Business Revenue/(Expense) - Net - Total 17,764,858 11,858,155 10,856,719 15,196,070 19,975,606 23,356,208 28,232,192 27,230,632 32,995,820 34,125,017 36,731,312 42,658,191

Net Commission & Fees Income/(Expense) - Business Revenue 5,519,011 6,912,874 7,526,296 9,700,136 13,766,432 16,821,637 20,451,934 23,748,130 23,447,635 25,793,849 27,448,818

Fees & Commissions Income 5,519,011 6,912,874 7,526,296 9,700,136 13,766,432 16,821,637 20,451,934 23,748,130 23,447,635 25,793,849 27,448,818

Net Foreign Exchange Income/(Expense) - Business Revenue 1,060,156 1,417,633 1,221,044 1,767,242 2,943,059 3,377,062 3,786,978 5,778,920 5,811,243 5,443,993 4,982,029

Investments & Loans - Business - Gain/(Loss) 11,185,691 3,527,648 2,109,379 3,728,692 6,646,717 8,033,493 2,991,720 3,468,770 4,866,139 5,493,470 10,227,344

Investment Securities - Business - Gain/(Loss) 11,185,691 3,527,648 2,109,379 3,728,692 6,646,717 8,033,493 2,991,720 3,468,770 4,866,139 5,493,470 10,227,344

Investments Securities - Available for Sale/Held to Maturity - Realized

11,185,691 3,527,648 2,109,379 3,728,692 6,646,717 8,033,493 2,991,720 3,468,770 4,866,139 5,493,470 10,227,344
Gain/(Loss)

Revenue from Business Activities - Total 54,314,905 52,111,093 57,637,379 67,562,067 75,317,163 93,418,229 116,491,974 147,727,048 169,330,315 185,111,452 200,533,764 211,904,474 153,117,779 149,931,716 149,224,020 171,563,113 174,377,912

Operating Expenses

Provision & Impairment for Loan Losses 20,121,678 3,573,763 8,832,431 14,482,710 2,125,961 9,234,755 14,214,947 22,629,400 29,127,700 42,819,818 59,111,833 85,645,286 170,772,613 125,536,184 278,421,282 267,000,590 143,659,141

Selling, General & Administrative Expenses - Total 21,656,091 30,002,507 27,653,844 30,407,962 24,615,435 38,011,499 41,702,162 56,479,291 60,943,442 72,026,096 82,413,042 92,610,623 68,216,744 58,457,555 97,449,624 75,411,862 75,693,580

Selling, General & Administrative Expenses - Unclassified 2,862,895 3,360,139 3,960,087 4,261,220 5,656,417 6,872,052 7,854,112 9,193,683 10,270,926 11,771,631 13,012,126

Labor & Related Expenses including Stock-Based Compensation in Selling, General &
16,540,620 24,239,842 21,149,738 23,524,462 24,615,435 29,243,848 31,211,358 44,611,020 47,234,799 56,747,237 65,104,468 73,369,062 64,259,453 54,207,188 91,687,951 69,631,622 69,616,787
Administrative Expenses

Depreciation in Selling, General & Administrative Expenses 1,899,910 1,918,205 1,951,808 2,033,349 2,130,152 2,445,822 2,770,781 3,134,902 3,391,776 3,730,620 3,908,570 3,957,291 4,250,367 5,761,673 5,780,240 6,076,793

Selling, General & Administrative Expenses - Other - Total 352,666 484,321 592,211 588,931 981,082 1,172,930 1,243,378 1,380,058 1,616,157 1,806,323 2,320,865

Advertising Expense 108,484 191,550 201,513 180,343 312,431 401,064 396,764 371,596 310,995 291,186 361,747

Equipment/Occupancy Expense - Bank/Financial - Other 244,182 292,771 390,698 408,588 668,651 771,866 846,614 1,008,462 1,305,162 1,515,137 1,959,118

Other Operating Expense/(Income) - Net 1,452,672 -1,929,739 838,911 987,619 10,484,163 -1,479,489 1,551,150 3,011,623 8,931,224 4,037,524 4,323,069 -227,498 -28,467,713 -54,123,683 -51,141,650 -33,617,459 -48,284,480

Other Operating Income - Total 683,926 4,792,316 1,824,126 1,952,084 5,749,553 4,583,407 6,653,896 7,009,931 5,793,658 6,852,934 12,738,641 59,975,512 89,459,965 88,782,756 73,590,403 92,324,604

Other Operating Expense 2,136,598 2,862,577 2,663,037 2,939,703 10,484,163 4,270,064 6,134,557 7,375,252 9,296,370 9,831,182 11,176,003 12,511,143 31,507,799 35,336,282 37,641,106 39,972,944 44,040,124

Operating Provisions - Increase/(Decrease) 2,290,267 6,644,785

Operating Expenses - Total 43,230,441 31,646,531 37,325,186 45,878,291 37,225,559 45,766,765 57,468,259 82,120,314 99,002,366 118,883,438 145,847,944 178,028,411 210,521,644 129,870,056 324,729,256 308,794,993 171,068,241

Operating Profit

Operating Profit before Non-Recurring Income/Expense 11,084,464 20,464,562 20,312,193 21,683,776 38,091,604 47,651,464 59,023,715 65,606,734 70,327,949 66,228,014 54,685,820 33,876,063 -57,403,865 20,061,660 -175,505,236 -137,231,880 3,309,671

Non-Operating Expenses

Sale of Tangible & Intangible Fixed Assets - Gain/(Loss) 2,440.0 6,239.0 26,516 7,566.0 17,754 24,160 30,519 42,495 25,901 46,882 26,180 25,005 53,758 25,934 183,720 416,673

Other Non-Operating Income/(Expense) - Total -4,977,400

Normalized Pre-tax Profit 11,086,904 20,470,801 20,338,709 21,691,342 33,114,204 47,669,218 59,047,875 65,637,253 70,370,444 66,253,915 54,732,702 33,902,243 -57,378,860 20,115,418 -175,479,302 -137,048,160 3,726,344

Non-Recurring Income/Expense

Non-Recurring Income/(Expense) - Total -1,036,300 -7,827,600 5,670,300 -20,271,500 -16,409,500 3,663,500

Impairment - Financial Investments 1,036,300 7,827,600 -5,670,300 20,271,500 16,409,500 -3,663,500

Pre-Tax Income

Income before Taxes 11,086,904 20,470,801 20,338,709 21,691,342 33,114,204 47,669,218 59,047,875 65,637,253 70,370,444 65,217,615 46,905,102 39,572,543 -57,378,860 20,115,418 -195,750,802 -153,457,660 7,389,844

Taxes

Income Taxes 0 6,369,600 5,945,600 6,290,500 12,471,500 16,760,408 19,994,300 21,302,300 21,528,400 17,740,900 13,479,400 8,956,700 -17,634,900 6,867,400 -72,922,600 -53,702,800 4,027,900

Income Taxes for the Year - Current 4,946,400 4,128,300

Income Taxes - Domestic - Current 4,946,400 4,128,300

Income Taxes - Deferred 1,423,200 1,727,300

Income Taxes - Other (by Type) 0 90,000

Provision for Income Tax Expense- Unclassified 0 6,290,500 12,471,500 16,760,408 19,994,300 21,302,300 21,528,400 17,740,900 13,479,400 8,956,700 -17,634,900 6,867,400 -72,922,600 -53,702,800 4,027,900
Net Income After Tax

Net Income after Tax 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

After Tax Income/Expense

Income before Discontinued Operations & Extraordinary Items 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Net Income before Minority Interest 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Net Income

Net Income after Minority Interest 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Income Available to Common Shares 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Share/Per Share - Basic

Net Income - Basic - including Extraordinary Items Applicable to Common - Total 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Income available to Common excluding Extraordinary Items 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Shares used to calculate Basic EPS - Total 1,326,513 1,331,992 1,576,513 1,576,513 1,576,484 1,576,513 1,576,513 1,576,595 1,585,538 1,701,376 1,779,732 1,810,471 1,909,375 2,053,213 2,217,358 3,223,965 5,460,952

EPS - Basic - including Extraordinary Items Applicable to Common - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Basic - excluding Extraordinary Items Applicable to Common - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Basic - excluding Extraordinary Items - Normalized - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 28.51 23.18 13.78 -20.82 6.45 -46.25 -25.85 -0.06

Allocated Net Income including Extraordinary Items Applicable to Common - Issue Specific 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Earnings Allocation Factor - Basic - Issue Specific 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Shares used to calculate Basic EPS - Issue Specific 1,701,376 1,779,732 1,810,471 1,909,375 2,053,213 2,217,358 3,223,965 5,460,952

EPS - Basic - including Extraordinary Items Applicable to Common - Issue Specific 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Basic - excluding Extraordinary Items Applicable to Common - Issue Specific 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Basic - excluding Extraordinary Items - Normalized - Issue Specific 28.51 23.18 13.78 -20.82 6.45 -46.25 -25.85 -0.06

EPS - Basic from Discontinued Operations & Extraordinary Items 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Share/Per Share - Diluted

Dilution Adjustment 0 0 0 0

Net Income - Diluted - including Extraordinary Items Applicable to Common - Total 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Diluted Income available to Common excluding Extraordinary Items 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944

Shares used to calculate Diluted EPS - Total 1,326,513 1,331,992 1,576,513 1,576,513 1,576,484 1,576,513 1,576,513 1,576,595 1,585,538 1,701,376 1,779,732 1,810,471 1,909,375 2,053,213 2,217,358 3,223,965 5,460,952

EPS - Diluted - including Extraordinary Items Applicable to Common - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Diluted - excluding Extraordinary Items Applicable to Common - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Diluted - excluding Extraordinary Items - Normalized - Total 8.36 10.59 9.13 9.77 13.09 19.61 24.77 28.12 30.80 28.51 23.18 13.78 -20.82 6.45 -46.25 -25.85 -0.06

Allocated Diluted Net Income including Extraordinary Items Applicable to Common - Issue
47,476,715 33,425,702 30,615,843 -39,743,960 13,248,018 -122,828,202 -99,754,860 3,361,944
Specific

Earnings Allocation Factor - Diluted - Issue Specific 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Shares used to calculate Diluted EPS - Issue Specific 1,701,376 1,779,732 1,810,471 1,909,375 2,053,213 2,217,358 3,223,965 5,460,952

EPS - Diluted - including Extraordinary Items Applicable to Common - Issue Specific 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Diluted - excluding Extraordinary Items Applicable to Common - Issue Specific 27.90 18.78 16.91 -20.82 6.45 -55.39 -30.94 0.62

EPS - Diluted - excluding Extraordinary Items - Normalized - Issue Specific 28.51 23.18 13.78 -20.82 6.45 -46.25 -25.85 -0.06

EPS - Diluted from Discontinued Operations & Extraordinary Items 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Share/Per Share - Dividends

DPS - Common - Gross - Issue - By Announcement Date 1.20 0.90 1.20 2.00 1.20 2.60 6.00 2.40 4.40 4.40 7.40 3.30 0

DPS - Common - Net - Issue - By Announcement Date 1.20 0.90 1.20 2.00 1.20 2.60 6.00 2.40 4.40 4.40 7.40 3.30

EBIT/EBITDA & related

Earnings before Interest & Taxes (EBIT) 11,084,464 20,464,562 20,312,193 21,683,776 38,091,604 47,651,464 59,023,715 65,606,734 70,327,949 66,228,014 54,685,820 33,876,063 -57,403,865 20,061,660 -175,505,236 -137,231,880 3,309,671

Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) 12,984,374 22,382,767 22,264,001 23,918,725 40,013,491 49,941,416 61,660,437 68,578,815 73,462,851 70,028,731 58,416,440 37,784,633 -53,240,285 24,896,968 -169,743,563 -131,451,640 9,386,464

Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) and Operating Lease
14,183,928 23,722,333 23,807,233 25,652,514 52,204,076 64,264,371
Payments

Depreciation/Amortization - Income Statement

Depreciation & Amortization - Supplemental 1,814,461 1,832,756 1,866,453 2,033,349 1,910,600 2,228,300 2,558,500 3,134,902 3,800,717 3,730,620 3,908,570 3,957,291 4,250,367 5,761,673 5,780,240 6,076,793

Depreciation Expense - Total - Supplemental 1,814,461 1,832,756 1,866,453 1,831,749 1,750,800 2,037,400 2,357,200 3,134,902 3,391,776 3,730,620 3,908,570 3,957,291 4,250,367 5,761,673 5,780,240 6,076,793

Amortization - Total - Supplemental 0 201,600 159,800 190,900 201,300 408,941

Goodwill Amortization - Supplemental 0

Depreciation/Amortization - Total

Depreciation, Depletion & Amortization - Total 1,899,910 1,918,205 1,951,808 2,234,949 1,921,887 2,289,952 2,636,722 2,972,081 3,134,902 3,800,717 3,730,620 3,908,570 4,163,580 4,835,308 5,761,673 5,780,240 6,076,793

Depreciation - Total 1,899,910 1,918,205 1,951,808 2,033,349 1,921,887 2,130,152 2,445,822 2,770,781 3,134,902 3,391,776 3,730,620 3,908,570 4,163,580 4,835,308 5,761,673 5,780,240 6,076,793

Amortization of Intangible Assets including Goodwill - Total 201,600 159,800 190,900 201,300 408,941

Amortization of Goodwill - Total 0

Labor & Related Expenses

16,540,620 24,239,842 21,149,738 23,524,462 24,615,435 29,243,848 31,211,358 44,611,020 47,234,799 56,747,237 65,104,468 73,369,062 64,259,453 54,207,188 91,687,951 69,631,622 69,616,787

Labor & Related Expenses - Supplemental 16,540,620 24,239,842 21,149,738 23,524,462 24,615,435 29,243,848 31,211,358 44,611,020 47,234,799 56,747,237 65,104,468 73,369,062 64,259,453 54,207,188 91,687,951 69,631,622 69,616,787

Auditor Fees

Auditor Fees 178,799 215,108 206,612 224,245 310,319 392,590 435,730

Audit-Related Fees 178,799 215,108 206,612 224,245 310,319 392,590 435,730

Normalized

Normalized after Tax Profit 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 48,513,015 41,253,302 24,945,543 -39,743,960 13,248,018 -102,556,702 -83,345,360 -301,556

Normalized Net Income from Continuing Operations 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 48,513,015 41,253,302 24,945,543 -39,743,960 13,248,018 -102,556,702 -83,345,360 -301,556

Normalized Net Income - Bottom Line 11,086,904 14,101,201 14,393,109 15,400,842 20,642,704 30,908,810 39,053,575 44,334,953 48,842,044 48,513,015 41,253,302 24,945,543 -39,743,960 13,248,018 -102,556,702 -83,345,360 -301,556

Earnings before Interest & Taxes (EBIT) - Normalized 11,086,904 20,470,801 20,338,709 21,691,342 33,114,204 47,669,218 59,047,875 65,637,253 70,370,444 66,253,915 54,732,702 33,902,243 -57,378,860 20,115,418 -175,479,302 -137,048,160 3,726,344

Earnings before Interest, Taxes, Depreciation & Amortization (EBITDA) - Normalized 12,986,814 22,389,006 22,290,517 23,926,291 35,036,091 49,959,170 61,684,597 68,609,334 73,505,346 70,054,632 58,463,322 37,810,813 -53,215,280 24,950,726 -169,717,629 -131,267,920 9,803,137

Lease Expenses

Other

Rental/Operating Lease Expense 1,199,554 1,339,566 1,543,232 1,733,789 2,262,660 2,603,934

Advertising Expenses - Supplemental 108,484 191,550 201,513 180,343 312,431 401,064 396,764 371,596 310,995 291,186 361,747

Interest & Dividend Income after Loan Loss Provision - Net - Finance 16,428,369 36,679,175 37,948,229 37,883,287 53,215,596 60,827,266 74,044,835 97,867,016 107,206,795 108,166,617 104,690,619 83,600,997 -17,654,834 24,395,532 -129,197,262 -95,437,477 30,718,771

Revenue after Loan Provisions - Net - Finance 98,221,652 88,357,795 104,786,950 127,077,774 144,776,137 202,249,812 231,914,962 294,917,257 396,079,102 464,174,494 493,687,092 552,489,509 645,016,112 598,296,108 758,378,945 780,103,073 681,659,478

Foreign Exchange Gain/(Loss) 1,060,156 1,417,633 1,221,044 1,767,242 2,943,059 3,377,062 3,786,978 5,778,920 5,811,243 5,443,993 4,982,029

Interest Expense 41,549,927 44,531,094 49,173,859 60,229,067 87,308,619 122,953,036 129,440,233 151,791,441 230,616,907 270,368,241 270,772,807 297,597,940 321,125,720 322,828,208 330,733,643 341,539,370 363,622,425

Investment Gain/(Loss) 11,488,691 3,713,172 2,222,379 3,962,322 8,389,606 11,512,559 5,414,777 5,658,868 7,362,583 7,836,187 13,917,940

Non-Interest Expense - Bank 23,106,323 28,066,529 28,466,239 31,388,015 40,076,998 36,514,256 43,229,152 59,460,395 69,832,171 77,074,019 94,516,829 86,686,645 39,724,026 4,280,114 66,553,540 58,020,183 23,328,927

Operating Expenses 43,230,441 31,646,531 37,325,186 45,878,291 37,225,559 45,766,765 57,468,259 82,120,314 99,002,366 118,883,438 145,847,944 178,028,411 210,521,644 129,870,056 324,729,256 308,794,993 171,068,241

Selling, General & Administrative Expenses excluding Research & Development Expenses 21,656,091 30,002,507 27,653,844 30,407,962 24,615,435 38,011,499 41,702,162 56,479,291 60,943,442 72,026,096 82,413,042 92,610,623 68,216,744 58,457,555 97,449,624 75,411,862 75,693,580
Company Fundamentals - Balance Sheet
Company Name Punjab National Bank (PNBK.NS)
Country India
TRBC Industry Group Banking Services
CF Template BNK
Consolidation Basis Parent
Scaling Thousands
Period Annual
Export Date 01-07-2021
Statement Data 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

Period End Date 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2015 31-03-2016 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Statement Date 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2013 31-03-2014 31-03-2014 31-03-2015 31-03-2016 31-03-2018 31-03-2018 31-03-2019 31-03-2020

Update Type Original Original Original Original Original Original Original Original Restatement Restatement Original Original Original Reclassification Original Original Original

Standardized Currency INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR

Reporting Currency INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR INR

Reporting Unit Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands Thousands

Source IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS IND ARS

Source Date 29-07-2004 29-07-2005 11-08-2006 18-07-2007 23-07-2008 13-07-2009 21-06-2010 13-06-2011 06-06-2013 07-07-2014 07-07-2014 08-06-2015 09-06-2016 07-08-2018 07-08-2018 25-06-2019 12-07-2020

Original Announcement Date 02-06-2004 12:00 20-05-2005 12:00 24-05-2006 12:00 24-05-2007 00:00 18-06-2008 12:00 20-05-2009 12:00 28-05-2010 12:00 04-05-2011 12:00 09-05-2012 12:00 09-05-2013 12:00 13-05-2014 12:00 08-05-2015 12:00 18-05-2016 12:00 16-05-2017 12:00 15-05-2018 12:00 28-05-2019 09:26 19-06-2020 17:04

Complete Statement Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete Complete

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Consolidated Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent Parent

G.P. Kapadia & Ramanlal G. Shah Ramanlal G. Shah Ramanlal G. Shah Ramanlal G. Shah V. Sankar Aiyar & Borkar & G S Madhava Rao G S Madhava Rao K. N. Gutgutia &
Auditor Name Co. & Co. & Co. & Co. & Co. Co.
Kalani & Co Kalani & Co
Muzumdar & Co. & Co. Co.
Shah Gupta & Co. Suri & Co. Suri & Co. G.S.Mathur & Co. G.S.Mathur & Co.

Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with Unqualified with
Auditor Opinion Unqualified Unqualified Unqualified Unqualified
Explanation Explanation
Unqualified Unqualified Unqualified Unqualified Unqualified Unqualified
Explanation Explanation Explanation Explanation Explanation

Acc. Std Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian Indian

Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non- Bank - Non-
Template Type Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated Differentiated

Source Type Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized Finalized

Balance Sheet - Standardized (Currency: As Reported)

Field Name 31-03-2004 31-03-2005 31-03-2006 31-03-2007 31-03-2008 31-03-2009 31-03-2010 31-03-2011 31-03-2012 31-03-2013 31-03-2014 31-03-2015 31-03-2016 31-03-2017 31-03-2018 31-03-2019 31-03-2020

Assets

Cash & Short-Term Deposits Due from Banks - Total 88,205,142 110,890,291 247,916,925 156,455,188 188,307,238 214,131,444 234,735,643 296,912,116 288,280,335 271,353,826 452,184,455 559,341,720 736,230,900 883,316,470 954,620,035 752,880,412 759,930,296

Cash & Short-Term Deposits Due from Banks 20,782,329 16,288,322 13,971,375 32,734,896 35,725,721 43,548,908 51,459,888 59,143,156 103,351,375 92,491,329 229,728,656 317,092,301 471,440,222 631,216,513 666,729,711 431,589,074 375,951,792

Funds with Central Banks 67,422,813 94,601,969 233,945,550 123,720,292 152,581,517 170,582,536 183,275,755 237,768,960 184,928,960 178,862,497 222,455,799 242,249,419 264,790,678 252,099,957 287,890,324 321,291,338 383,978,504

Loans & Receivables - Total 472,247,197 604,127,514 746,273,712 965,965,186 1,195,015,662 1,547,029,887 1,866,012,080 2,421,066,661 2,937,747,567 3,087,959,062 3,492,691,232 3,805,344,052 4,123,258,000 4,194,931,496 4,337,347,213 4,582,492,041 4,718,277,227

Banking Related Loans - Net 472,247,197 604,127,514 746,273,712 965,965,186 1,195,015,662 1,547,029,887 1,866,012,080 2,421,066,661 2,937,747,567 3,087,959,062 3,492,691,232 3,805,344,052 4,123,258,000 4,194,931,496 4,337,347,213 4,582,492,041 4,718,277,227

Investments - Total 421,254,883 506,728,264 410,553,065 451,898,360 539,917,050 633,851,803 777,244,678 939,558,514 1,227,030,238 1,298,961,914 1,437,855,016 1,512,823,471 1,578,458,925 1,867,254,395 2,003,059,816 2,021,282,198 2,404,656,414

Investments in Associates, Joint Ventures and Unconsolidated Subsidiaries 12,064,961

Property, Plant & Equipment - Net - Total 8,639,179 9,277,479 9,851,739 9,703,013 22,795,374 23,507,419 24,603,903 30,615,382 31,688,611 33,576,774 34,197,440 35,514,756 52,227,288 62,732,484 63,493,272 62,248,473 72,390,682

Property, Plant & Equipment - Gross - Total 16,100,019 18,381,645 20,618,633 22,082,193 36,636,593 38,839,903 41,621,283 49,375,450

Property, Plant & Equipment - Accumulated Depreciation & Impairment - Total 7,460,840 9,104,166 10,766,894 12,379,180 13,841,219 15,332,484 17,017,380 18,760,068

Other Assets - Total 33,172,144 31,014,445 37,627,896 39,807,976 43,808,437 50,201,966 63,200,681 82,594,189 97,176,721 97,625,763 87,271,010 120,311,961 183,729,441 195,070,639 299,780,709 330,591,493 351,404,498

Deferred Tax - Asset - Long-Term & Short-Term 3,971,701 3,730,284

Other Assets 59,228,980 78,863,905

Intangible Assets - Total - Net 0 374,816 450,527 395,242 359,845 463,654 530,787 440,579

Goodwill/Cost in Excess of Assets Purchased - Net 0

Intangible Assets - excluding Goodwill - Net - Total 374,816 450,527 395,242 359,845 463,654 530,787 440,579

Computer Software - Intangible Assets - Net 374,816 450,527 395,242 359,845 463,654 530,787 440,579

Intangible Assets - Gross - Total 725,756 962,522 1,110,137 1,234,281 1,498,081 1,756,344 1,867,268

Goodwill/Cost in Excess of Assets Purchased - Gross 497,683

Intangible Assets - excluding Goodwill - Gross 725,756 962,522 1,110,137 1,234,281 1,498,081 1,756,344 1,867,268

Computer Software - Intangible Assets - Gross 725,756 962,522 1,110,137 1,234,281 1,498,081 1,756,344 1,867,268

Intangible Assets - Accumulated Amortization & Impairment - Total 698,809 350,940 511,995 714,895 874,436 1,034,427 1,225,557 1,426,689

Goodwill - Accumulated Amortization & Impairment 497,683

Intangible Assets - excluding Goodwill - Accumulated Amortization & Impairment -

201,126 350,940 511,995 714,895 874,436 1,034,427 1,225,557 1,426,689
Total

Computer Software - Intangible Assets - Accumulated Amortization & Impairment 201,126 350,940 511,995 714,895 874,436 1,034,427 1,225,557 1,426,689

Total Assets

Total Assets 1,023,317,419 1,262,412,809 1,452,673,864 1,624,224,965 1,990,203,606 2,469,186,173 2,966,327,772 3,783,252,402 4,581,923,472 4,789,477,339 5,504,199,153 6,033,335,960 6,673,904,554 7,203,305,484 7,658,301,045 7,749,494,617 8,306,659,117

Liabilities

Deposits - Total 879,163,958 1,031,668,869 1,196,849,168 1,398,596,711 1,664,572,260 2,097,604,967 2,493,298,030 3,128,987,266 3,795,884,792 3,915,600,633 4,513,967,466 5,013,786,389 5,530,511,281 6,217,040,164 6,422,261,919 6,760,301,361 7,038,463,206

Deposits - Interest Bearing 304,226,073 353,411,257 419,082,146 480,886,178 537,697,066 626,460,090 781,328,072 934,874,246

Deposits - Customers - Total 566,327,876 657,388,657 755,559,610 896,299,479 1,093,861,840 1,414,176,430 1,668,497,346 2,049,983,299

Deposits - Demand -Customer 97,572,069 112,308,815 152,853,259 151,346,279 162,482,832 173,752,758 219,538,630 244,735,858

Deposits - Savings - Customer 468,755,807 545,079,842 602,706,351 744,953,200 931,379,008 1,240,423,672 1,448,958,716 1,805,247,441

Deposits - Due to Banks & Financial Institutions 8,610,009 20,868,955 22,207,412 21,411,054 33,013,354 56,968,447 43,472,612 144,129,721

Deposits - Demand Deposits - Due to Banks & Financial Institutions 1,431,795 12,356,863 14,384,445 13,310,789 15,428,726 14,386,270 17,633,258 23,640,083

Deposits - Savings - Due to Banks & Financial Institutions 7,178,214 8,512,092 7,822,967 8,100,265 17,584,628 42,582,177 25,839,354 120,489,638

Debt - Total 50,425,443 64,804,293 104,367,967 65,944,340 137,246,666 151,045,242 215,667,495 336,866,991 372,642,705 396,209,246 480,344,099 456,705,459 597,552,434 407,633,354 608,507,480 343,259,151 437,254,292

Short-Term Debt & Current Portion of Long-Term Debt 13,956,218 14,192,747 18,144,293 9,506,278 21,132,116 26,448,265 23,043,835 179,745,086

Short-Term Debt & Notes Payable 13,956,218 14,192,747 18,143,015 9,504,997 21,130,835 26,446,984 23,042,683 20,969,537

Short-Term Banking Borrowings excluding Collateralized Financing 13,956,218 14,192,747 18,143,015 9,504,997 21,130,835 26,446,984 23,042,683 20,969,537

Current Portion of Long-Term Debt including Capitalized Leases 1,278.0 1,281.0 1,281.0 1,281.0 1,152.0 158,775,549

Current Portion of Long-Term Debt excluding Capitalized Leases 158,775,000

Capitalized Leases - Current Portion 1,278.0 1,281.0 1,281.0 1,281.0 1,152.0 549.0

Debt - Long-Term - Total 36,469,225 50,611,546 86,223,674 56,438,062 116,114,550 124,596,977 192,623,660 157,121,905 372,642,705 396,209,246 480,344,099 456,705,459 597,552,434 407,633,354 608,507,480 343,259,151 437,254,292

Long-Term Debt excluding Capitalized Leases 36,469,225 50,611,546 86,221,793 56,436,566 116,113,596 124,596,633 192,623,660 157,121,905 372,642,705 396,209,246 480,344,099 456,705,459 597,552,434 407,633,354 608,507,480 343,259,151 437,254,292

Debt - Non-Convertible - Long-Term 36,469,225 50,611,546 86,221,793 56,436,566 116,113,596 124,596,633 192,623,660 157,121,905 372,642,705 396,209,246 480,344,099 456,705,459 597,552,434 407,633,354 608,507,480 343,259,151 437,254,292

Capitalized Lease Obligations - Long-Term 1,881.0 1,496.0 954.0 344.0 0 0

Deferred Tax & Investment Tax Credits - Long-Term 304,031 0

Deferred Tax - Liability - Long-Term 304,031 0

Payables - Trust Account 50,000,000 65,000,000

Payables & Accrued Expenses 4,617,211 4,787,834 1,934,834 2,455,139 3,247,503 3,244,162 3,438,181 4,671,759

Interest Payable 4,617,211 4,787,834 1,934,834 2,455,139 3,247,503 3,244,162 3,438,181 4,671,759

Other Liabilities - Total 38,992,737 79,538,821 55,454,260 52,874,176 61,953,713 70,755,506 76,694,881 97,640,814 135,241,793 150,898,431 150,934,399 172,048,908 162,739,448 157,657,318 216,788,585 148,062,860 142,366,757

Other Liabilities 38,992,737 79,538,821 55,454,260 52,874,176 61,953,713 70,755,506 76,694,881 97,640,814 135,241,793 150,898,431 150,934,399 172,048,908 162,739,448 157,657,318 216,788,585 148,062,860 142,366,757
Total Liabilities

Total Liabilities 973,199,349 1,180,799,817 1,358,910,260 1,519,870,366 1,867,020,142 2,322,649,877 2,789,098,587 3,568,166,830 4,303,769,290 4,462,708,310 5,145,245,964 5,642,540,756 6,290,803,163 6,782,330,836 7,247,557,984 7,301,623,372 7,683,084,255

Shareholders' Equity

Shareholders' Equity - Attributable to Parent Shareholders - Total 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Common Equity Attributable to Parent Shareholders 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Common Equity - Contributed 3,767,310 23,267,310 23,267,310 23,267,310 23,267,310 23,267,310 23,267,310 25,107,311 3,391,786 3,534,734 3,620,699 3,709,114 3,927,195 4,255,937 5,521,146 9,208,094 13,475,132

Common Stock - Issued & Paid 2,653,025 3,153,025 3,153,025 3,153,025 3,153,025 3,153,025 3,153,025 3,168,122 3,391,786 3,534,734 3,620,699 3,709,114 3,927,195 4,255,937 5,521,146 9,208,094 13,475,132

Common Stock - Additional Paid in Capital including Option Reserve 1,114,285 20,114,285 20,114,285 20,114,285 20,114,285 20,114,285 20,114,285 21,939,189

Equity - Non-Contributed - Reserves & Retained Earnings 46,350,760 58,345,682 70,496,294 81,087,289 99,916,154 123,268,986 153,961,875 189,978,261 274,762,396 323,234,295 355,332,490 387,086,090 379,174,196 416,718,711 405,221,915 438,663,151 610,099,730

Retained Earnings - Total 42,560,048 53,664,710 65,613,628 75,783,738 81,354,894 102,129,461 128,840,829 164,955,025 274,762,396 323,234,295 355,332,490 387,086,090 379,174,196 416,718,711 405,221,915 438,663,151 610,099,730

Comprehensive Income - Accumulated - Total 3,210,380 3,125,582 3,024,469 2,945,008 15,363,269 15,185,192 14,925,531 14,707,556

Foreign Currency Translation Adjustment - Accumulated 651.0 651.0 6,545.0 6,316.0 47,785 5,674.0 0

Revaluation Reserves 3,210,380 3,124,931 3,023,818 2,938,463 15,356,953 15,137,407 14,919,857 14,707,556

Other Reserves/Equity - Total 580,332 1,555,390 1,858,197 2,358,543 3,197,991 5,954,333 10,195,515 10,315,680

Common Equity - Total 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Total Shareholders' Equity

Total Shareholders' Equity - including Minority Interest & Hybrid Debt 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Total Liabilities & Shareholders' Equity

Total Liabilities & Equity 1,023,317,419 1,262,412,809 1,452,673,864 1,624,224,965 1,990,203,606 2,469,186,173 2,966,327,772 3,783,252,402 4,581,923,472 4,789,477,339 5,504,199,153 6,033,335,960 6,673,904,554 7,203,305,484 7,658,301,045 7,749,494,617 8,306,659,117

Share/Per Share - Common

Common Shares - Issued - Total 1,326,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,584,061 1,695,893 1,767,367 1,810,350 1,854,557 1,963,597 2,127,968 2,760,573 4,604,047 6,737,566

Common Shares - Outstanding - Total 1,326,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,584,061 1,695,893 1,767,367 1,810,350 1,854,557 1,963,597 2,127,968 2,760,573 4,604,047 6,737,566

Common Shares - Treasury - Total 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Common Shares - Authorized - Issue Specific 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000 15,000,000

Common Shares - Issued - Issue Specific 1,326,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,584,061 1,695,893 1,767,367 1,810,350 1,854,557 1,963,597 2,127,968 2,760,573 4,604,047 6,737,566

Common Shares - Outstanding - Issue Specific 1,326,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,576,513 1,584,061 1,695,893 1,767,367 1,810,350 1,854,557 1,963,597 2,127,968 2,760,573 4,604,047 6,737,566

Common Shares - Treasury - Issue Specific 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0

Share/Per Share - Preferred

Share/Per Share - Other

Asset Allocation Factor - Issue Specific 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00 1.00

Right of Use Tangible Assets

Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases - Net

Property, Plant & Equipment - excluding Right of Use Tangible Assets & Capital Leases -
15,813,308 18,094,934 20,331,922 21,791,318 36,384,207 38,587,517 41,368,897 49,123,064
Gross

Right of Use Liabilities

Finance and Operating Lease Liabilities - Total 3,159.0 2,777.0 2,235.0 1,625.0 1,152.0 549.0

Debt including Finance and Operating Lease Liabilities 50,425,443 64,804,293 104,367,967 65,944,340 137,246,666 151,045,242 215,667,495 336,866,991 372,642,705 396,209,246 480,344,099 456,705,459 597,552,434 407,633,354 608,507,480 343,259,151 437,254,292

Debt Related

Net Debt -37,779,699 -46,085,998 -143,548,958 -90,510,848 -51,060,572 -63,086,202 -19,068,148 39,954,875 84,362,370 124,855,420 28,159,644 -102,636,261 -138,678,466 -475,683,116 -346,112,555 -409,621,261 -322,676,004

Debt Maturity

Debt - Long-Term - Maturities - Total 315,896,900

Debt - Long-Term - Maturities - within 1 Year 158,775,000

Debt - Long-Term - Maturities - Year 3 45,761,800

Debt - Long-Term - Maturities - Year 5 9,578,700

Debt - Long-Term - Maturities - Remaining 101,781,400

Debt - Long-Term - Maturities - 2-3 Years 45,761,800

Debt - Long-Term - Maturities - 4-5 Years 9,578,700

Debt - Long-Term - Maturities - Year 6 & Beyond 101,781,400

Capital Lease Maturity

Capital Lease Maturities - Total 3,159.0 2,777.0 2,235.0 1,625.0 1,152.0 549.0

Capital Lease Maturities - Due within 1 Year 1,278.0 1,281.0 1,281.0 1,281.0 1,152.0 549.0

Capital Lease Maturities - Due in Year 5 1,881.0 1,496.0 954.0 344.0 0 0

Capital Lease Maturities - Due in 4-5 Years 1,881.0 1,496.0 954.0 344.0 0 0

Other

Cash & Cash Equivalents - Total 88,205,142 110,890,291 247,916,925 156,455,188 188,307,238 214,131,444 234,735,643 296,912,116 288,280,335 271,353,826 452,184,455 559,341,720 736,230,900 883,316,470 954,620,035 752,880,412 759,930,296

Cash & Securities 509,460,025 617,618,555 658,469,990 608,353,548 728,224,288 847,983,247 1,011,980,321 1,236,470,630 1,515,310,573 1,570,315,740 1,890,039,471 2,072,165,191 2,314,689,825 2,750,570,865 2,957,679,851 2,774,162,610 3,164,586,710

Cash & Short Term Investments - Total 88,205,142 110,890,291 247,916,925 156,455,188 188,307,238 214,131,444 234,735,643 296,912,116 288,280,335 271,353,826 452,184,455 559,341,720 736,230,900 883,316,470 954,620,035 752,880,412 759,930,296

Debt - including Preferred Equity & Minority Interest - Total 50,425,443 64,804,293 104,367,967 65,944,340 137,246,666 151,045,242 215,667,495 336,866,991 372,642,705 396,209,246 480,344,099 456,705,459 597,552,434 407,633,354 608,507,480 343,259,151 437,254,292

Demand Deposits - Total 99,003,864 124,665,678 167,237,704 164,657,068 177,911,558 188,139,028 237,171,888 268,375,941

Earning Assets 981,707,222 1,221,746,069 1,404,743,702 1,574,318,734 1,923,239,950 2,395,013,134 2,877,992,401 3,657,537,291 4,453,058,140 4,658,274,802 5,382,730,703 5,877,509,243 6,437,947,825 6,945,502,361 7,295,027,064 7,356,654,651 7,882,863,937

Invested Assets - Total 421,254,883 506,728,264 410,553,065 451,898,360 539,917,050 633,851,803 777,244,678 939,558,514 1,227,030,238 1,298,961,914 1,437,855,016 1,512,823,471 1,578,458,925 1,867,254,395 2,003,059,816 2,021,282,198 2,404,656,414

Investments - Permanent 12,064,961

Net Book Capital 12,338,371 35,526,994 -49,785,354 13,843,751 72,122,892 83,450,094 158,161,037 255,040,447 362,516,552 451,624,449 387,112,833 288,158,943 244,422,925 -54,708,468 64,630,506 38,249,984 300,898,858

Net Operating Assets 12,338,371 35,526,994 -49,785,354 13,843,751 72,122,892 83,450,094 158,161,037 255,040,447 362,516,552 451,624,449 387,112,833 288,158,943 244,422,925 -54,708,468 64,630,506 38,249,984 300,898,858

Provisions - Total 304,031 0

Savings Deposits - Total 475,934,021 553,591,934 610,529,318 753,053,465 948,963,636 1,283,005,849 1,474,798,070 1,925,737,079

Shareholders Equity - Common 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Tangible Total Equity 50,118,070 81,238,176 93,313,077 103,959,357 122,823,619 146,072,642 176,698,398 214,644,993 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Tangible Book Value 50,118,070 81,238,176 93,313,077 103,959,357 122,823,619 146,072,642 176,698,398 214,644,993 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Total Book Capital 100,543,513 146,417,285 198,131,571 170,298,939 260,430,130 297,581,538 392,896,680 551,952,563 650,796,887 722,978,275 839,297,288 847,500,663 980,653,825 828,608,002 1,019,250,541 791,130,396 1,060,829,154

Total Capital 100,543,513 146,417,285 198,131,571 170,298,939 260,430,130 297,581,538 392,896,680 551,952,563 650,796,887 722,978,275 839,297,288 847,500,663 980,653,825 828,608,002 1,019,250,541 791,130,396 1,060,829,154

Total Long Term Capital 50,118,070 81,612,992 93,763,604 104,354,599 123,183,464 146,536,296 177,229,185 215,085,572 278,154,182 326,769,029 358,953,189 390,795,204 383,101,391 420,974,648 410,743,061 447,871,245 623,574,862

Book Value excluding Other Equity 49,537,738 80,057,602 91,905,407 101,996,056 119,985,473 140,581,963 167,033,670 204,769,892

Footnotes

Common Shareholders - Number 69,949

Credit Exposure 3,744,244,800 3,849,796,900

Capital Adequacy - Total (Value) 416,804,480 393,656,640

Capital Adequacy - Tier 1 (Value) 322,671,110 303,089,170

Capital Adequacy - Core Tier 1 (Value) 269,709,910 251,067,120

Capital Adequacy - Hybrid Tier 1 (included in Tier 1 Capital - Value) 52,961,200 52,022,050
 Capital Adequacy - Tier 2 (Value) 94,133,370 90,567,470

Capital Adequacy - Total (%) 13.1% 13.0% 13.2% 11.5% 12.2% 11.3% 11.7% 9.2% 9.7% 14.1%

Capital Adequacy - Tier 1 (%) 7.0% 9.4% 10.0% 8.9% 9.3% 8.4% 8.9% 7.1% 7.5% 11.9%

Capital Adequacy - Core Tier 1 (%) 7.9% 7.9% 6.0% 6.2% 10.7%

Capital Adequacy - Tier 2 (%) 6.1% 3.6% 3.2% 2.7% 2.9% 2.9% 2.8% 2.1% 2.2% 2.2%

Risk Weighted Assets 4,530,696,100 4,046,215,560

Liquidity Coverage Ratio - Basel 3 - % 111.2% 121.3% 182.0%

Leverage Ratio - Basel 3 - % 3.9% 3.7% 5.7%

Non-Performing Assets - Loans & Other

Loans - Non-Performing & Impaired 46,701,300 87,196,200 134,657,900 256,948,600 558,183,300 866,200,530 784,727,020 734,787,600

Employees - Full-Time/Full-Time Equivalents - Period End 58,839 62,127

Employees - Full-Time/Full-Time Equivalents - Current Date 58,839 62,127