The net interest margin (NIM) of the bank stood at 2.91% at the end of the fiscal year 2011-12 as against 3.75% in the previous year, driven by higher interest costs on account of substantial growth in term deposits.
The gross non-performing assets (NPAs) stood at 2.98% and net NPAs at 1.74%, reflecting short-term stress in a few corporate exposures, provision coverage ratio at 61.27%.
Total income of LVB for the quarter grew by 34.2% y-o-y to R466.25 crore. The total deposits rose from R11,149.51 crore in 2011-12 to R14,114.14 crore in 2011-12, registering a 27% y-o-y growth. The gross credit expanded from R8,187.67 crore to R10,328.30 crore, registering a 26% y-o-y growth.
The capital adequacy ratio (CAR) stood at 13.1%, under Basel II (12.08% under Basel I) as at March 31, as against 13.19% on March 31, 2011. The bank raised R250 crore of Tier II sub-debt capital in Q4.