Liquidity Ratios:

Current Ratio (CR)

Formula 2009 2010 2011

Current Assets
Current Ratio = 0.660192 0.726165 0.740665
Current Liabilities

EXIM Bank Ltd. Has the ability to pay its short term obligation by using
Assessment
its current Assets 0.66, 0.72 & 0.74 times in 2009, 2010 & 2011.
EXIM Bank Ltd. Is gradually increasing its cash, Market Securities,
Comments Current Receivable etc. from 2009 to 2011. Its a good sign for Bank
and bank is doing well frequently.

Cash and Bank Balances to Deposits (CBBD)

Formula 2009 2010 2011

Cash and Bank Balance
CBBD = 0.145551 0.121153 0.187969
Total Deposits
According to Annual Report of EXIM Bank, they can pay the money to
Assessment their depositors 0.14, 0.12 & 0.18 times by their total cash and bank
balance in 2009, 2010 & 2011.
In 2010 EXIM Bank ltd. Decrease its liquidity, so that the ability pay the
Comments depositors money decrease from 2009. But they doing very well in 2011
and increase its cash and bank balance.

Cash and Portfolio Investment to Deposits (CPID)

Formula 2009 2010 2011

Cash and Portfolio Investment
CPID = 0.147774 0.137639 0.221552
Total Deposits
Assessment EXIM Bank Ltd. Invest 0.14, 0.13 & 0.22 times in 2009, 2010 & 2011
In 2010 EXIM Bank increases their cash and investment against
their total deposits so that their CPID ratio was decreased in 2010,
Comments
but they increased it in 2011. Its a great come back for EXIM bank
in 2011.
 Loan Deposit Ratio (LDR)

Formula 2009 2010 2011

Loan
LDR = 0.929227 0.998091 0.938043
Total Deposits
EXIM Bank Ltd. Invest 0.92, 0.99 & 0.93 times against their deposits in 2009,
Assessment
2010 & 2011.
Higher LD means high financial risk. So that we can say that EXIM bank
decrease its investment in 2010 against its Total deposits in 2010. But they
Comments
decrease it in 2011 and minimize the risk from 2010. EXIM bank should
increase their investment against its deposits.

Loans to Total Assets (LA)

Formula 2009 2010 2011

Loan
LAR = 0.795875 0.837477 0.777536
Total Assets
EXIM Bank Ltd. Invest 0.79, 0.83 & 0.77 times against their Total Assets in 2009,
Assessment
2010 & 2011.
Higher Loan to total assets indicate that the less liquidity in the bank. In 2010
Comments EXIM bank Face the less liquidity problem. But they recover it in the year of
2011 and decrease the Loan to assets ratio from 2010.

Profitability Ratios

Return on Asset (ROA)

Formula 2009 2010 2011

Net Profit after Tax

Return on Asset (ROA)= 1.95% 3.06% 1.56%
Total Asset
EXIM Bank Ltd. Can earn profit 1.95%, 3.06% & 1.56% by using
Assessment
its Assets in 2009, 2010 & 2011 against TK 1 assets.
It was increasing from the year 2009 to 2010 but it is
decrease in 2011. The assets of EXIM bank are also too
high. Their net income is not at all significant to their
Comments
total assets. It can be said the management is finding
difficulties in managing their investments in assets and
generating profit from these assets.
 Return on Equity (ROE)

Formula 2009 2010 2011

Net Profit after Tax
ROE= 25.10% 27.77% 13.94%
Owners Equity
EXIM Bank Ltd. Can earn profit 25.10%, 27.77% & 13.94% against their equity
Assessment
in 2009, 2010 & 2011.
The ROE of EXIM bank shows that the shareholders are receiving
decreasing rate of returns in 2011 from 2010. Though in 2010 their
ROE was 27.77%, but after that it gradually decreased. It was so
Comments
because the net income of EXIM bank has decreased at a higher rate
than its equity capital.

Profit Expense Ratio (PER)

Formula 2009 2010 2011

Profit
PER= 3.490575 4.190278 2.615253
Total Expense
Against TK 1 Expense EXIM Bank Ltd. Can make profit 3.4, 4.19 &
Assessment
2.61 in 2009, 2010 & 2011.
EXIM Bank Ltd. Did well in 2009 & 2010 cause that year they
make profit 3.49 & 4.19 times against their operating expense.
Comments But in 2011 they make less profit than 2009 & 2010. Cause they
increase their operating expense. In 2011. Which indicate
management cant manage their expense.

Return on Deposits (ROD)

Formula 2009 2010 2011

Net Profit After TAX
RODR= 0.022794 0.036435 0.018767
Total Deposits
In Return on Deposits Ratio shows that EXIM Bank Ltd. Can Earn profit after
Assessment
tax 0.022, 0.036 & 0.018 times against their Total deposits.
EXIM Bank did well in 2010 but in 2011 ROD is decreased. May be they
Comments
increase deposits amount. They need to keep the deposits in balance.
 Net Investment Margin

Formula 2009 2010 2011

Investment Income
NIMR= 0.025569 0.031722 0.030269
Average Earning Assets
EXIM Bank Ltd. Can earn 0.02, 0.03 & 0.03 times against
Assessment
average earning assets in 2009, 2010 & 2011.
EXIM Bank Ltd. NIM Ratio is increasing frequently from
2009 to 2011. In 2010 & 2011 NIM Ratio is almost same.
Comments
Exim Bank should concentrate on their investment and
increase their average earning assets.

Earnings Per Share (EPS)

Formula 2009 2010 2011

EPS= 2.625356 3.746994 2.187566
Total Share Outstanding
In EPS ratio of EXIM Bank Ltd. Can make profit 2.62, 3.74 & 2.18 times
Assessment
against their total share outstanding in 2009, 2010 & 2011.
EXIM Bank Ltd. Provide their shareholder 2.62, 3.37 & 2.18 TK against TK 1
Comments share. EXIM Bank improves their EPS in 2010 but in 2011 it decrease from
2010. They should concentrate on their profit to satisfy their shareholder.

Efficiency Ratios

Assets Utilization (AU)

Formula 2009 2010 2011

Total Revenue
Asset Utilization Ratio (AU)= 0.051547 0.068246 0.050999
Total Asset
EXIM Bank Ltd. Can make 0.05, 0.06 & 0.05 times revenue using
Assessment
its total assets in 2009, 2010 & 2011.
Bank increase their asset in 2010 so that their AU is increased,
but in2011 they decrease it that means they either increase
Comments
their revenue or decrease their assets. This is good for
shareholders.
 Income Expense Ratio (IER)

Formula 2009 2010 2011

Total Income
IER = 3.490575 4.190278 2.615253
Total Operating Expense
EXIM Bank Ltd. Income was 3.49, 4.19 & 2.61 time against their operating
Assessment
expense in 2009, 2010 & 2011.
In IER shows that EXIM Bank Ltd. Increase their income from 3.4 times to
4.19 times in 2010. But the ratio is decrease in 2011, May be the decrease
Comments
their income or increase their expense. Both are not good for a company.
They should increase their income.

Operating Efficiency

Formula 2009 2010 2011

Total Operating Expense
OE= 0.286486 0.238648 0.382372
Total Operating Revenue
In OE ratio determine that EXIM Bank use 0.28, 0.23 & 0.38 TK as expense
Assessment
against its TK 1 revenue in 2009, 2010 & 2011.
EXIM Bank Ltd. Did well in 2010 by decreasing the ratio but in 2011 they
decreased their revenue and increase expense, so that the ratio also
Comments
increased from 2010. They should increase their revenue and decrease their
expens.

Risk & Solvency Ratios

Debt to Equity Ratio

Formula 2009 2010 2011

Total Debt
DE Ratio = 11.854542 8.082504 7.964371
Owners Equity
Total Investment of EXIM Bank Ltd. 11.85%, 8.08% & 7.96% is financed by debt
Assessment
or loan in 2009, 2010 & 2011.
DE ratio is good enough in EXIM Bank Ltd. Because EXIM Bank Ltd. Decreasing
Comments
their loan or debt frequently.

Debt to Total Assets

Formula 2009 2010 2011

 Total Debt
DTA= 0.922174 0.889898 0.888447
Total Assets
EXIM Bank Ltd. Has 0.92, 0.88& 0.88 times liability as debt against its total
Assessment
Assets.
EXIM Bank has been able to maintain an average debt ratio of 0.88 from
2010 to 2011. Their total asset is increasing at a higher rate than their
Comments
liabilities but their leverage level has not changed significantly from 2009 to
2011. But it has slightly decreased from 0.8891 to 0.8884 in 2011.

Equity Multiplier

Formula 2009 2010 2011

Total Assets
EM= 12.854989 9.082504 8.964371
Owners Equity
EXIM Bank Ltd. Total Asset is 12.85, 9.08 & 8.96 times against its Equity in
Assessment
2009, 2010 & 2011.
Decreasing of EM is not a good sign for Bank. Because its means that Bank
Comments increasing its shareholder and increasing its assets. Bank should decreasing its
owners equity and increased its assets.

Others

Internal Growth Rate

Formula 2009 2010 2011

Retained Earnings of yeart

IGR= 0.235789 0.357118 0.106177
Owners Equity of yeart1
Internal Growth Rate of EXIM Bank was 0.23, 0.35 & 0.10 in 2009,
Assessment
2010 & 2011.
EXIM Bank decreases its growth rate from 0.35 to 0.10 in 2011. This
Comments means that they are not in a good condition. They should concentrate
on their growth rate.