|
Portfolio
Quality |
2006 |
2007 |
2008 |
|
Portfolio
at risk |
|
|
|
|
1-30 days |
0.0% |
0.0% |
0.0% |
|
31-60 days |
0.0% |
0.2% |
0.0% |
|
61-90 days |
0.0% |
0.0% |
0.0% |
|
91-180 days |
0.3% |
0.0% |
0.1% |
|
181-365
days |
0.0% |
0.0% |
0.0% |
|
+ 365 days |
0.0% |
0.0% |
0.0% |
|
Rescheduled
(no current arrears) |
0.0% |
0.0% |
0.0% |
|
Total > 1
day (PAR1) |
0.3% |
0.3% |
0.1% |
|
Total > 30
days (PAR30) |
0.3% |
0.3% |
0.1% |
|
Total > 30
days + rescheduled |
0.3% |
0.3% |
0.1% |
|
Protection |
|
|
|
|
Loan loss
reserve ratio |
0.4% |
0.1% |
0.1% |
|
Risk
coverage ratio (of PAR30 + rescheduled) |
123% |
21% |
100% |
|
Provision
expense ratio |
0.5% |
0.5% |
0.2% |
|
Write-Off |
|
|
|
|
Loan loss
rate |
0.0% |
0.0% |
0.0% |
|
Portfolio
at risk write-off index |
0.0% |
0.0% |
0.0% |
|
|
|
|
|
|
Financial
Structure |
2006 |
2007 |
2008 |
|
Earning
capacity of assets |
|
|
|
|
Net
Portfolio / Total Assets |
92% |
88% |
82% |
|
Non-earning
assets / Total Assets |
6% |
4% |
6% |
|
Solvency |
|
|
|
|
Capital
Adequacy |
44% |
50% |
25% |
|
Leverage |
2.3 |
2.0 |
4.0 |
|
Working
Capital |
31% |
35% |
20% |
|
|
|
|
|
|
Efficiency &
Productivity |
2006 |
2007 |
2008 |
|
Portfolio
Yield |
35.0% |
30.8% |
29.8% |
|
Operating
expense ratio |
20.2% |
20.3% |
20.4% |
|
Portfolio
Rotation |
19% |
226% |
192% |
|
Credit
staff as % of staff |
78% |
71% |
61% |
|
|
|
|
|
|
Sustainability |
2006 |
2007 |
2008 |
|
Return on
Equity (ROE) |
12.4% |
11.3% |
14.2% |
|
Return on
Equity (ROE) excluding donations |
12.4% |
11.3% |
14.2% |
|
Return on
Assets (ROA) |
4.2% |
3.6% |
3.5% |
|
Return on
Assets (ROA) excluding donations |
4.2% |
3.6% |
3.5% |
|
Operational
self-sufficiency (OSS) |
122.6% |
118.3% |
115.9% |
|
|
|
|
|
|
Profitability
Analysis |
2006 |
2007 |
2008 |
|
Net Margin |
13.6% |
12.6% |
13.7% |
|
Interest
Margin |
27.7% |
24.7% |
25.7% |
|
Operating
Margin |
18.4% |
15.5% |
13.7% |
|
Net
Financial Margin |
75.5% |
79.3% |
80.8% |
|
Cost ratio |
75.6% |
80.5% |
83.0% |
