|
Financial Performance for the Year
2005
The general
budget of 2005 has achieved growth and progress in all items
which resulted positively in the Bank's performance and
activities.
| Year |
2001 |
2002 |
2003 |
2004 |
2005 |
| Assets |
70905 |
123292 |
187869 |
265170 |
434425 |
| Dep. On Demand |
19897 |
29135 |
46141 |
70363 |
125159 |
| Equ. of Unrestricted
a/c Holders |
25471 |
56921 |
89581 |
128611 |
217229 |
| Owners Equity |
4857 |
5760 |
8053 |
11084 |
17932 |
| Revenues |
7886 |
13917 |
25194 |
35748 |
48265 |
| Expenditure |
2284 |
3747 |
5123 |
6369 |
6607 |
| Gross Profit |
5602 |
10169 |
20071 |
29564 |
41658 |
| Net Profits |
630 |
807 |
1997 |
1982 |
3473 |
|
Percentage of Local Invest Depo |
20.3% |
20% |
20.3% |
19.3% |
18% |
| Percentage of Foreign
Invest. Depo |
20% |
20.05% |
20.18% |
17.16% |
17.8% |
From the above
table we notice the following:
Assets:
Assets reached
SDD434 billions compared to SDD 265.1 billions in 2004 with
a growth rate of 64%.
Liabilities:
Total liabilities
reached SDD 416.4 billions in 2005 compared to SDD 254
billions in 2004 with 63% growth rate. Current and saving
deposits reached SDD 125.2 billions compared to SDD 70.4
billions in 2004 with 78% growth rate.
Equity of
Unrestricted Investment Accounts Holders:
Equity of
unrestricted investment accounts holders reached SDD 217.2
billions compared to SDD 128.6 billions in 2004 with a
growth rate of 69%.
Owners' Equity:
Owners' equity
reached SDD 17.9 billions compared to SDD 11 billions in
2004 with a growth rate of 63%.
Revenues:
The Bank has
achieved total revenues amounting to SDD 48.2 billions
compared to SDD 35.74 billions in 2004 with a growth rate of
35%.
Expenses:
Total expenses of
2005 were SDD 6.6 billion, compared to SDD 6.3 billions,
with cost rate of 13.7 %.
Profits:
The Bank achieved
a high gross profit amounting to SDD 41.6 billions compared
to SDD 29.5 billions in 2004, with a growth rate of 41%. The
net profit is SDD 3,473 millions compared to SDD 1,982
millions in 2004.
Percentage of
investment Accounts profits:
The Bank achieved
and preserved high profit rates of investment.
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Some Performance
Ratios of O.N.B:
| Year |
2001 |
2002 |
2003 |
2004 |
2005 |
| Net Return on Equity |
13% |
14% |
24.8% |
17.9% |
19.6% |
| Net Return on Total Assets |
0.9% |
0.6% |
1.1% |
0.7% |
0.8% |
| Equity/Total Assets |
6.8% |
4.7% |
4.3% |
4.2% |
4.1% |
| Capital Adequacy Ratio |
10.3% |
8.9% |
9.9% |
10.9% |
11.8% |
| Stock Dividend |
33% |
32% |
61% |
47% |
56.9% |
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