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Update
Rukshana Thalgodapitiya,
Vice President
26 February 2015
www.fitchratings.com
Sensitivities
Positive
Structural changes that can enhance the resilience of balance sheets
Sustained improvement in the operating environment
Negative
Capital Impairment risks
Sovereign rating
www.fitchratings.com
Viability
Rating
Support
Rating
Support
Floor
National Rating
/ Outlook
BB- / Stable
na
BB-
AAA(lka) / Stable
Bank of Ceylon
BB- / Stable
b+
BB-
AA+(lka) / Stable
DFCC Bank
B+ / Stable
b+
AA-(lka) / Stable
B+ / Stable
b+
AA-(lka) / Stable
AA+(lka) / Stable
AA(lka) / Stable
AA-(lka) / Stable
Sampath Bank
AA-(lka) / Stable
Seylan Bank
A-(lka) / Stable
A(lka) / Stable
BBB+(lka) / Stable
BBB(lka) / Stable
BB+(lka) / Stable
BB+(lka) / Stable
Source: Fitch
www.fitchratings.com
Competitive landscape
Larger and mature banks have a clear competitive advantage being best placed to leverage
opportunities due to their established franchises
Mid sized banks need to find a niche or clear competitive advantage
Small banks face challenges in sustaining and developing their franchises
0
SAMP
5
PB
5
NSB
10
NDB
10
HNB
15
DFCC
15
COMB
20
BOC
20
FY10
FY11
FY12
FY13
1HFY14
SAMP
(%)
25
PB
1HFY14
NSB
FY13
NDB
FY12
HNB
FY11
DFCC
FY10
COMB
(%)
25
BOC
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Loan growth
(%)
35
30
25
20
15
10
5
0
-5
2009
2010
2011
2012
2013
2014E
2015F
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www.fitchratings.com
Other Customers
Other Services
Infrastructure
0
Financial & Business Svcs.
5
FY13
New Economy
10
Traders
15
(%)
50
40
30
20
10
0
-10
-20
Construction
20
Transport
25
Tourism
1H14
Manufacturing
Other Customers
Other Services
Infrastructure
FY13
New Economy
Traders
(%)
30
Construction
Transport
Tourism
Manufacturing
250,000
200,000
150,000
100,000
50,000
0
FY12
FY13
1HFY14
www.fitchratings.com
(%)
8
7
6
5
4
3
2
1
0
2011
2012
2013
2Q14
(%)
35
30
25
20
15
10
5
0
-5
2008
2010
2011
2012
2013
0
3Q14
www.fitchratings.com
Adjusted ROA
(%)
3
2.5
2
1.5
1
0.5
0
2011
2012
2013
3Q14
www.fitchratings.com
(% of loans)
6
5
4
3
2
1
0
BOC
COMB
DFCC
HNB
NDB
NSB
PB
SAMP
www.fitchratings.com
10
(%)
90
80
70
60
50
40
30
20
10
0
BOC
COMB
DFCC
FY13
HNB
1HFY14
NDB
NSB
PB
SAMP
www.fitchratings.com
11
20
15
10
5
0
BOC
COMB
DFCC
HNB
NDB
NSB
PB
SAMP
www.fitchratings.com
12
(%)
100
90
80
70
60
50
40
30
20
10
0
CASA(RHS)
50
40
30
20
10
0
2008
2009
2010
2011
2012
2013
3Q14
www.fitchratings.com
13
120
100
80
60
40
20
0
2009
2010
2011
2012
FCY loans/Loans
20
18
16
14
12
10
8
6
4
2
0
30
25
20
15
10
5
0
2013 3Q14
2009
2010
2011
2012
2013
3Q14
www.fitchratings.com
14
www.fitchratings.com
15
www.fitchratings.com
16
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Fitch Ratings cannot ensure that all such information will be accurate and complete. Further, ratings
are inherently forward-looking, embody assumptions and predictions that by their nature cannot be
verified as facts, and can be affected by future events or conditions that were not anticipated at the
time a rating was issued or affirmed.
The information in this presentation is provided as is without any representation or warranty.
A Fitch Ratings credit rating is an opinion as to the creditworthiness of a security and does not
address the risk of loss due to risks other than credit risk, unless such risk is specifically mentioned.
A Fitch Ratings report is not a substitute for information provided to investors by the issuer and its
agents in connection with a sale of securities.
Ratings may be changed or withdrawn at any time for any reason in the sole discretion of
Fitch Ratings. The agency does not provide investment advice of any sort. Ratings are not
a recommendation to buy, sell, or hold any security.
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE
LIMITATIONS AND DISCLAIMERS AND THE TERMS OF USE OF SUCH RATINGS AT WWW.FITCHRATINGS.COM.
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