SANASA Development Bank PLC
Integrated Annual Report 2023
Supplementary Information
Investor Relations
Investor relations consists of a dialogue between the Bank and
the financial markets, of information that helps the investment
community, make judgements on the Bank’s market value vis-a-vis
the potential and sustainability of the Bank. The feedback received
from investors and the market also provides valuable insight to the
Bank in strategic decision-making.
The Bank’s active investor engagement enables the market to make
sound decisions on their current and probable future shareholdings
and investments in other securities.
At SDB bank, the Annual General Meeting is the primary platform
for communicating the Bank’s performance while the Annual
Report gives detailed, yet succinct information on its activities, use
of its different forms of capital and its responsible social capital
involvement. In addition, the Bank has one-on-one interactions with
significant investors and other publications through the Colombo
Stock Exchange.
Through these avenues of contact, the Bank helps investors to gain
a balanced view of its operating results, financial position, liquidity
and cash flow through their Financial statements. Furthermore,
available disclosures help investors get a reasonable understanding
of the Bank’s strategic direction, governance, risk management, and
the future business prospects.
It is expected that through sharing these many facets of information,
current and potential investors will appreciate the value of the Bank
and build and strengthen their relationship with the Bank.
Accountability, transparency, and good governance are at the
forefront of the Bank’s operations and the emphasis placed on
these aspects in our communications with our investors give them
the confidence that the operations are being conducted in line with
best practices from around the world.
Our investor relations programme is designed to achieve the following:
- A competitive price for the Bank’s shares;
- A healthy level of transactions of the Bank’s shares on the stock exchange;
- Easier and cheaper access to capital in the future; and Reduced volatility in the share price through maintaining a loyal group of investors.
At SDB bank, we believe that successful investor relations are achieved through regular exchange of information with the market and is therefore integral to our communication strategy.
SDB bank Securities
Types
- Quoted ordinary shares
- Debentures
Listing Details
Quoted Ordinary Shares
Listed exchange : Colombo Stock Exchange (CSE) Main Board
Sector : Banks Finance and Insurance
Quoted date : 31 May 2012
Code-ISIN : LK0412N00003
Stock symbol : SDB.N0000
Debentures
|
Type |
Code |
ISIN |
Par value LKR |
Coupon rate (Per annum) % |
Credit rating |
|
B |
SDB-BD-31/12/20-C2337-10 |
LK0412D23394 |
100 |
10.00 |
A+(SO) |
|
D |
SDB-BD- 31/12/20-C2339-10.30 |
LK0412D23378 |
100 |
10.30 |
A-(SO) |
Credit Ratings
The Bank has obtained credit ratings from Fitch Ratings Lanka Ltd. The ratings take into consideration the Bank’s performance, asset quality, capitalisation, liquidity and market position among others.
| Rating entity | Rating |
|
Fitch Ratings Lanka Ltd. |
BB+(lka) |
Useful Links for Investors
| Information | Link (website) |
|
SDB bank |
www.sdb.lk |
|
Colombo Stock Exchange |
www.cse.lk |
|
Central Bank of Sri Lanka |
www.cbsl.gov.lk |
|
Fitch Ratings Lanka Ltd. |
www.fitchratings.com |
How we Create Value to Our Investors
Shares and Shareholders’ Analysis
Share Ownership Composition
|
Share range |
31 December 2022 |
31 December 2021 |
||||||||
|
No. of Shareholders |
% |
No. of shares |
% |
No. of Shareholders |
% |
No. of shares |
% |
|||
|
1 |
– |
1,000 |
36,545 |
93.75 |
4,887,545 |
3.04 |
36,602 |
93.88 |
4,909,114 |
3.06 |
|
1,001 |
– |
10,000 |
1,857 |
4.76 |
5,832,092 |
3.63 |
1,798 |
4.61 |
5,626,142 |
3.50 |
|
10,001 |
– |
100,000 |
500 |
1.29 |
15,730,744 |
9.79 |
494 |
1.27 |
15,471,176 |
9.63 |
|
100,001 |
– |
1,000,000 |
62 |
0.16 |
16,522,108 |
10.28 |
74 |
0.19 |
20,864,228 |
12.98 |
|
1,000,001 |
– |
and above |
16 |
0.04 |
117,726,343 |
73.26 |
18 |
0.05 |
113,828,172 |
70.83 |
|
38,980 |
100.00 |
160,698,832 |
100.00 |
38,986 |
100.00 |
160,698,832 |
100.00 |
|||
Analysis of shareholders
Resident/Non-resident
|
31 December 2022 |
31 December 2021 |
|||||||
|
No. of shareholders |
% |
No. of shares |
% |
No. of shareholders |
% |
No. of shares |
% |
|
|
Resident |
38,956 |
99.94 |
122,987,365 |
76.53 |
38,963 |
99.94 |
122,758,572 |
76.39 |
|
Non-resident |
24 |
0.06 |
37,711,467 |
23.47 |
23 |
0.06 |
37,940,260 |
23.61 |
|
Total |
38,980 |
100.00 |
160,698,832 |
100.00 |
38,986 |
100.00 |
160,698,832 |
100.00 |
Individual/Institutional
|
31 December 2022 |
31 December 2021 |
|||||||
|
No. of shareholders |
% |
No. of shares |
% |
No. of shareholders |
% |
No. of shares |
% |
|
|
Individual |
35,344 |
90.67 |
27,853,380 |
17.33 |
35,340 |
90.65 |
25,838,048 |
16.08 |
|
Institutional |
3,636 |
9.33 |
132,845,452 |
82.67 |
3,646 |
9.35 |
134,860,784 |
83.92 |
|
Total |
38,980 |
100.00 |
160,698,832 |
100.00 |
38,986 |
100.00 |
160,698,832 |
100.00 |
Institutional Sub Analysis
|
31 December 2022 |
31 December 2021 |
|||||||
|
No. of shareholders |
% |
No. of shares |
% |
No. of shareholders |
% |
No. of shares |
% |
|
|
Foreign |
6 |
0.015 |
36,750,921 |
22.87 |
5 |
0.013 |
37,040,674 |
23.05 |
|
Local and other institutions |
64 |
0.164 |
74,386,564 |
46.28 |
73 |
0.187 |
76,112,080 |
47.36 |
|
Sanasa federation Acc 1 |
1 |
0.003 |
780,970 |
0.49 |
1 |
0.003 |
780,970 |
0.49 |
|
Acc 2 |
30,846 |
0.02 |
30,846 |
0.02 |
||||
|
Sanasa societies |
3,401 |
8.725 |
10,182,488 |
6.34 |
3,403 |
8.729 |
10,183,736 |
6.34 |
|
Sanasa unions |
35 |
0.090 |
3,321,619 |
2.07 |
35 |
0.090 |
3,321,619 |
2.07 |
|
MPCCS |
24 |
0.062 |
1,242,737 |
0.77 |
24 |
0.062 |
1,242,737 |
0.77 |
|
Trust companies |
105 |
0.269 |
6,149,307 |
3.83 |
105 |
0.270 |
6,148,122 |
3.82 |
|
Total |
3,636 |
9.328 |
132,845,452 |
82.67 |
3,646 |
9.354 |
134,860,784 |
83.92 |
Top Twenty Shareholders (Amalgamated Shareholdings)
|
No. |
Name of the Shareholder |
31 December 2022 |
31 December 2021 |
||
|
No.of shares |
% |
No.of shares |
% |
||
|
1 |
ICONIC Property Twenty Three (Private) Limited |
24,104,800 |
15.0000 |
24,104,800 |
15.0000 |
|
2 |
Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. |
17,609,503 |
10.9581 |
17,609,503 |
10.9581 |
|
3 |
Ayenka Holdings (Private) Limited |
17,604,953 |
10.9552 |
17,604,953 |
10.9553 |
|
4 |
Senthilverl Holdings (Pvt) Ltd |
16,458,256 |
10.2417 |
14,413,060 |
8.9690 |
|
5 |
Belgian Investment Company For Developing Countries SA/NV |
16,069,800 |
9.9999 |
16,069,800 |
9.9999 |
|
6 |
SANASA Life Insurance Company Ltd |
4,715,996 |
2.9347 |
4,624,426 |
2.8777 |
|
7 |
Alliance Finance Company PLC |
3,516,310 |
2.1881 |
3,516,310 |
2.1881 |
|
8 |
Dr. T. Senthilverl |
3,484,112 |
2.1681 |
1,793,823 |
1.1163 |
|
9 |
SBI Emerging Asia Financial Sector Fund Pte. Ltd |
2,885,618 |
1.7957 |
2,885,618 |
1.7957 |
|
10 |
People’s Leasing & Finance PLC/L.P.Hapangama |
2,627,722 |
1.6352 |
2,627,722 |
1.6352 |
|
11 |
People’s Leasing & Finance PLC |
2,271,260 |
1.4134 |
2,271,260 |
1.4134 |
|
12 |
Bank Of Ceylon A/C Ceybank Unit Trust |
1,539,241 |
0.9578 |
1,539,241 |
0.9578 |
|
13 |
Hatton National Bank PLC/ Sarravanan Neelakandan |
1,440,010 |
0.8961 |
- |
- |
|
14 |
Kegalle SANASA Shareholders Trust Company Limited |
1,260,246 |
0.7842 |
1,260,246 |
0.7842 |
|
15 |
SANASA General Insurance Company Limited |
1,124,418 |
0.6997 |
1,124,418 |
0.6997 |
|
16 |
Polgahawela SANASA Societies Union Ltd |
1,014,098 |
0.6311 |
1,014,098 |
0.6311 |
|
17 |
Nikawaratiya Thrift & Credit Co-operative Society Union Ltd |
992,849 |
0.6178 |
992,849 |
0.6178 |
|
18 |
DFCC Bank PLC / J N Lanka Holdings Company (Pvt) Ltd |
982,521 |
0.6114 |
959,788 |
0.5973 |
|
19 |
Bingiriya Multi-Purpose Co-operative Society Ltd |
970,900 |
0.6042 |
970,900 |
0.6042 |
|
20 |
SANASA Federation Limited |
811,816 |
0.5052 |
811,816 |
0.5052 |
|
Total |
121,484,429 |
75.5977 |
116,194,631 |
72.306 |
|
Note
This table contains the amalgamated total shareholding of each shareholder
|
31 December 2022 |
31 December 2021 |
|||
|
No. of shares |
% |
No. of shares |
% |
|
|
Total number of shares registered |
152,337,612 |
94.80 |
152,315,824 |
94.78 |
|
Total number of shares unregistered |
8,361,220 |
5.20 |
8,383,008 |
5.22 |
|
Total number of shares issued |
160,698,832 |
100.00 |
160,698,832 |
100.00 |
|
Shares held by Directors and CEO |
229,965 |
0.14 |
585,749 |
0.37 |
|
Shares held by institutions |
132,845,452 |
82.67 |
134,860,784 |
83.92 |
|
Balance held by public |
27,623,415 |
17.19 |
25,252,299 |
15.71 |
|
Total number of shares issued |
160,698,832 |
100.00 |
160,698,832 |
100.00 |
|
Shares held by public |
95,300,436 |
59.30 |
142,508,130 |
88.68 |
|
Shares held by Directors, CEO and related parties |
65,398,396 |
40.70 |
18,190,702 |
11.32 |
|
Total number of shares issued |
160,698,832 |
100.00 |
160,698,832 |
100.00 |
Market Capitalisation and Minimum Public Holding
|
31 December 2022 |
|
|
Market capitalisation (LKR) |
3,438,955,004.80 |
|
Public holding percentage |
59.30% |
|
Float adjusted market capitalisation |
2,039,429,279 |
|
Number of shareholders representing public holding |
98,971 |
|
Required minimum public holding percentage under option 4 of rule 7.13.1 (a) of the Listing Rules of the CSE |
10 |
The minimum public holding percentage of the Bank as at 31 December 2022 complied with option 4 of rule 7.13.1(a) of the Listing Rules of the CSE.
Directors’ and CEO’s Shareholding
|
Name |
31 December 2022 |
31 December 2021 |
||
|
No. of Shares |
% |
No. of Shares |
% |
|
|
Mr P Subasinghe (Director) |
112,815 |
0.0702 |
112,815 |
0.0702 |
|
Mr Prasanna Premaratna (Director) |
1500 |
0.0009 |
1500 |
0.0009 |
|
Mr B R A Bandara (Director) |
11,000 |
0.0068 |
11,000 |
0.0068 |
|
Mr Romani De Silva (Director) |
104,650 |
0.0651 |
- |
- |
|
Total |
229,965 |
0.1430 |
125,315 |
0.0779 |
Share Trading Details
Market Share Trading
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
Number of transactions |
6,057,233 |
8,131,508 |
3,070,021 |
1,197,205 |
885,657 |
|
Number of shares traded (Mn) |
29,047 |
59,772 |
21,349 |
9,855 |
6,001 |
|
Annual turnover (LKR Mn) |
687,602 |
1,173,157.12 |
396,881.51 |
171,407.96 |
200,068.84 |
|
Average daily turnover (LKR Mn.) |
2,972 |
4,888.15 |
3,217.17 |
711.23 |
833.62 |
SDB bank Share Trading
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
Number of transactions |
7,400 |
18,546 |
18,746 |
3,065 |
4,392 |
|
Number of shares traded |
12,814,093 |
32,484,591 |
32,129,795 |
9,548,518 |
11,169,042 |
|
Value of shares traded (LKR Mn.) |
369,96 |
1700.43 |
1,147.86 |
579.51 |
1,199.97 |
|
Average daily turnover (LKR Mn.) |
1.61 |
7.08 |
5.35 |
2.51 |
5.06 |
Market Capitalisation Details
CSE and Banking Industry Market Capitalisation
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
CSE market capitalisation (LKR Bn) |
3,847.15 |
5489.16 |
2,960.65 |
2,851.31 |
2,839.44 |
|
S & P SL20 (31/12) |
2,635.63 |
4,233.25 |
2,638.10 |
2,936.96 |
3,135.18 |
|
All share price index (31/12) |
8,489.66 |
12,226.01 |
6,774.22 |
6,129.21 |
6,052.37 |
|
Banking, and finance and insurance sector market capitalisation (LKR Bn) |
219.84 |
343.5 |
318.89 |
757.32 |
784.24 |
SDB bank Capitalisation
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
CSE market capitalisation (LKR Bn) |
3,845.15 |
5489.16 |
2,960.65 |
2,851.31 |
2,839.45 |
|
SDB bank market capitalisation (LKR Bn) |
3.43 |
6.91 |
5.32 |
3.59 |
4.22 |
|
Increase/decrease in market capitalisation of |
(50) |
29 |
48 |
(15) |
(24) |
|
SDB bank market capitalisation as a % of CSE market capitalisation (%) |
0.09 |
0.13 |
0.18 |
0.13 |
0.15 |
|
Market capitalisation rank of SDB bank |
155 |
115 |
108 |
117 |
91 |
Share Price Movement
|
2022 |
2021 |
2020 |
2019 |
2018 |
||
|
Highest price (LKR) |
47.00 |
68.50 |
65.00 |
75.00 |
112.90 |
|
|
Lowest price (LKR) |
18.50 |
42.00 |
43.80 |
58.00 |
70.00 |
|
|
Price as at 31 December (LKR) |
21.40 |
43.00 |
58.10 |
63.90 |
75.00 |
|
Dividends
A dividend is a distribution of reward, from a portion of the Bank’s earnings, and is paid to the ordinary shareholders annually. The amount declared and paid each year varies in relation to the earnings of the Bank. It strikes a balance between a fair return to the shareholders for their investment and the business requirements to maintain the sustainability of the Bank.
Dividends are decided and managed by the Bank’s Board of Directors and they are approved by the shareholders through the exercise of
their voting rights.
|
Year |
Profit for the year (LKR Mn.) |
Total Cash dividend paid (LKR Mn.) |
Total Dividend per share (LKR) |
Dividend payout ratio (%) |
Dividend yield (%) |
|
2018 |
356.95 |
– |
– |
– |
– |
|
2019 |
253.41 |
114.02 |
7.00 |
155.55 |
10.95 |
|
2020 |
836.29 |
206.05 |
2.25 |
20.36 |
3.87 |
|
2021 |
909.35 |
241.05 |
1.50 |
19.66 |
3.49 |
|
2022 |
292.18 |
- |
- |
- |
- |
Value Creation to Shareholders
Cse Market
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
Market price-earnings ratio (PER) (Times) |
5.0 |
13.63 |
11.25 |
10.83 |
9.65 |
|
Market price to book value (PBV) (Times) |
0.9 |
1.67 |
1.14 |
1.14 |
1.18 |
|
Market dividend yield (DY) (%) |
4.10 |
2.17 |
2.17 |
3.17 |
3.09 |
Banking Industry
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
Market price-earnings ratio (PER) (Times) |
3.1 |
4.19 |
5.18 |
5.57 |
5.38 |
|
Market price to book value (PBV) (Times) |
0.3 |
0.47 |
0.56 |
0.84 |
0.92 |
|
Market dividend yield (DY) (%) |
6.6 |
3.5 |
2.30 |
2.80 |
2.80 |
SDB bank
|
2022 |
2021 |
2020 |
2019 |
2018 |
|
|
Net asset value per share (LKR) |
85 |
87.93 |
108.28 |
136.20 |
132.28 |
|
Basic earnings per share (LKR) |
0.38 |
7.63 |
11.05 |
4.50 |
6.34 |
|
Dividend per share (LKR) |
- |
1.5 |
2.25 |
7 |
- |
|
Market price per share as at 31 December (LKR) |
21.40 |
43.00 |
58.10 |
63.90 |
75.00 |
|
Price-earnings ratio (PER) (Times) |
56.31 |
5.63 |
5.26 |
14.20 |
11.83 |
|
Price to book value (PBV) (Times) |
0.25 |
0.49 |
0.54 |
0.47 |
0.57 |
|
Dividend yield (DY) (%) |
- |
3.49 |
3.87 |
10.95 |
- |
|
Dividend payout (%) |
- |
19.66 |
20.36 |
155.55 |
- |
|
Number of shares (No. Mn.) |
160.69 |
160.69 |
91.57 |
56.31 |
56.31 |
|
Number of shareholders |
38,980 |
38,986 |
38,853 |
37,506 |
37,648 |
|
Total equity (LKR Mn.) |
19,659.21 |
14,129.70 |
9,916.17 |
7,668.98 |
7,448.73 |
|
Stated capital (LKR Mn.) |
11,287.76 |
11,287.76 |
7,727.94 |
5,921.54 |
5,921.54 |
|
Debt to equity (Times) |
10.40 |
9.28 |
11.74 |
12.77 |
11.83 |
|
Interest cover (Times) |
1.47 |
1.84 |
1.61 |
1.06 |
1.08 |
|
Return on equity (%) |
0.44 |
7.35 |
9.51 |
3.35 |
4.83 |
|
Quick assets ratio (%) |
0.38 |
0.62 |
0.64 |
0.59 |
0.65 |
Other Information for Ordinary Shareholders
Record of Scrip Issue
|
Year |
New Proportion |
Old Proportion |
No. of Shares Listed |
Date Listed |
|
2017 |
1 |
22.8533333333 |
2,279,147 |
12 June 2017 |
|
2018 |
1 |
35.3754159668 |
1,529,385 |
05 June 2018 |
|
2020 |
1 |
11.8140022617 |
4,742,436 |
27 July 2020 |
Record of Right Issue
|
Year |
Code |
Close price LKR |
Highest price LKR |
Lowest price LKR |
Turnover LKR |
No. of shares |
Trades |
|
2014 |
SDB.R0000 |
15.00 |
24.00 |
10.70 |
31,153,089.00 |
2,191,458 |
1,717 |
|
2020 |
SDB.R0000 |
53.60 |
54.00 |
53.00 |
37,269,441.70 |
702,197 |
154 |
|
Date of allotment |
No. of shares provisionally allotted |
Consideration per share LKR |
Final allotment no. of shares |
Amount raised LKR |
Proportion |
Date issued |
|
18 November 2014 |
12,587,661 |
80.00 |
12,587,661 |
1,007,012,880.00 |
1:2 |
30 December 2014 |
|
30 November 2020 |
30,525,344 |
50.00 |
30,525,344 |
1,526,267,200 |
1:2 |
4 December 2020 |
Utilisation of Funds Raised Through Right Issue
|
Objective |
Objective as per circular |
Amount allocated as per circular in LKR |
Proposed date of utilisation as per circular |
Amount allocated from proceeds in LKR |
% of total proceeds |
Amounts utilised in LKR |
% of utilisation against allocation |
|
1 |
To increase the Bank’s capital base and to finance portfolio growth whilst strengthening the balance sheet. |
1,007,012,880 |
Nine months from the date of allotment |
1,007,012,880 |
100 |
1,007,012,880 |
100 |
Sanasa Development Bank PLC
Information of Rights Issue and Secondary Public Offer of Ordinary Voting Shares
|
Utilization of funds raised through Rights issue in December 2020 |
|||||||
|
Objective No. |
Objective as per Circular |
Amount allocated as per Circular in LKR |
Proposed date of utilization as per Circular |
Amount allocated from proceeds in LKR |
% of total proceeds |
Amounts utilized in LKR |
% utilization against allocation |
|
1 |
To further strengthen the equity base of the Bank and thereby improve the Capital Adequacy |
1,526,267,200 |
- |
1,526,267,200 |
100 |
1,526,267,200 |
100 |
|
2 |
To part finance the growth in the loan portfolio of the Bank |
1,526,267,200 |
Before the end of Second Quarter of Financial Year 2021 |
1,526,267,200 |
100 |
1,526,267,200 |
100 |
|
Secondary Public Offer (SPO) of Ordinary Shares in August 2021 |
||||
|
Rights Issue/Secondary Public Offer |
Consideration per share (LKR) per share LKR |
Final allotment (No. of shares) no. of shares |
Amount raised (LKR) LKR |
Date listed |
|
SPO |
51.50 |
69,122,800 |
3,559,824,200 |
25 August 2021 |
|
Utilization of funds raised through Secondary Public Offer (SPO) of Ordinary Shares in August 2021 |
|||||||
|
Objective No. |
Objective as per Prospectus |
Amount allocated as per Prospectus in LKR |
Proposed date of utilization as per Prospectus |
Amount allocated from proceeds in LKR |
% of total proceeds |
Amounts utilized in LKR |
% utilization against allocation |
|
1 |
Further strengthen the Equity Base of the Bank and thereby improve Tier I Capital Adequacy requirements stipulated under Basel III guidelines of the Central Bank of Sri Lanka (CBSL). |
4,532,000,000 |
Upon the allotment of new shares |
3,559,824,200 |
100 |
3,559,824,200 |
100 |
|
2 |
Part finance the growth in the loan portfolio of the Bank. |
4,532,000,000 |
Before the end of FY 2022 based on the anticipated demand for credit. |
3,559,824,200 |
100 |
3,559,824,200 |
100 |
Value Creation for Debenture Holders
Basic Information of the Debentures
|
Type B |
Type D |
|
|
Tenure |
5 years |
5 years |
|
Issue date |
31.12. 2015 |
31.12. 2015 |
|
Maturity date |
31.12. 2020 |
31.12. 2020 |
|
Frequency of interest payable |
Semi-annual |
Semi-annual |
|
Market value |
Not traded |
Not traded |
Other Information of the Debentures
|
2021 |
2020 |
|||||||
|
Balance as at 31 December LKR ’000 |
Coupon rate % |
Annual effective rate % |
Interest rate comparable Government Securities % |
Balance as at 31 December LKR ’000 |
Coupon rate % |
Annual effective rate % |
Interest rate comparable Government Securities % |
|
|
Type B |
422,851 |
10.00 |
10.25 |
6.65 |
||||
|
Type D |
591,049 |
10.30 |
10.57 |
6.65 |
||||
Utilisation of Funds Raised Through Debenture Issue
|
Objective Number |
Objective as per prospectus |
Amount allocated as per prospectus in LKR |
Proposed date of utilisation as per Prospectus |
Amount allocated from proceeds in LKR |
% of total proceeds |
Amounts utilised in LKR |
% of utilisation against allocation |
|
1 |
To raise medium term funds to manage assets and liability mismatch and to minimise the interest rate risk |
– |
– |
– |
– |
– |
100 |
|
2 |
To finance the budgeted lending portfolio (approximately 90% as loans and the balance as leasing) and to minimise the mismatch in funding exposure |
964,560,000 |
In the ordinary course business within the next 12 months from the date of allotment |
868,104,000 for loans and 96,456,000 for leasing |
100 |
964,560,000 |
100 |