Blantyre Hotels Limited

Ticker code BHL Industry Hotels & Motels 2 Hannover Avenue
Blantyre, Malawi
ISIN MW000A1C5MA2 Sector Services
Initial Listing 25 March 1997 Financial Year End 30 September
Website www.proteahotels.com/ryalls Results Released Half-yearly
2010 2011 2012 2013 2014
Profitability
Return on Assets 4.3% 5.0% 4.2% 3.3% 3.2%
Return on Equity 24.9% 26.4% 21.8% 19.0% 19.0%
Net Interest Margin 6.6% 8.4% 8.1% 5.4% 5.6%
Loan Yield 12.0% 14.3% 17.3% 14.0% 14.0%
Interest Expense/Interest Income 34.9% 34.9% 41.9% 49.7% 51.7%
Cost of Funds 4.3% 5.3% 7.3% 7.0% 7.2%
Efficiency
Cost/Income Ratio 59.7% 54.2% 72.0% 68.4% 70.4%
Costs/Average Assets 2.9% 2.8% 3.4% 2.5% 2.5%
Personnel Costs/Total Operating Costs 46.1% 44.6% 35.2% 39.6% 37.1%
Personnel Costs/Average Total Assets 1.3% 1.3% 1.2% 1.0% 0.9%
Personnel Costs/Total Operating Income 21.8% 18.6% 19.2% 13.7% 13.1%
Net Income/Total Operating Income 54.4% 51.4% 46.9% 50.6% 50.4%
Total Operating Income/Average Assets 8.8% 10.2% 9.9% 7.4% 7.0%
Liquidity
Net Loans/Total Assets 45.6% 52.7% 49.0% 45.9% 45.6%
Liquid Assets/Total Assets 53.9% 48.5% 56.9% 61.1% 61.2%
Liquid Assets/Total Deposits 78.9% 66.6% 76.9% 89.4% 83.4%
Liquid Assets/Total Liabilities 65.1% 59.7% 70.3% 73.7% 73.7%
Total Deposits/Total Assets 68.4% 72.8% 74.0% 68.3% 73.3%
Total Deposits/Total Liabilities 82.5% 89.7% 91.3% 82.5% 88.4%
Interbank Borrowings/Total Deposits 0.0% 0.2% 0.1% 0.1% 0.8%
Gross Loans/Total Assets 45.7% 53.3% 49.9% 46.5% 46.1%
Gross Loans/Total Deposits 66.8% 73.1% 67.4% 68.0% 63.0%
Interest Earning Assets/Total Assets 89.0% 90.7% 90.3% 93.4% 90.4%
Leverage (Total Liabilities/Equity), Times 4.8 4.3 4.3 4.8 4.9
Asset Quality
NPLs/Gross Loans 0.3% 1.1% 3.0% 1.9% 1.4%
NPL Coverage Ratio N.A. N.A. N.A. N.A. N.A.
Loan Loss Reserve/Gross Loans N.A. N.A. N.A. N.A. N.A.
Capital Adequacy
Core Capital/Risk Weighted Assets 27.3% 26.1% 27.6% 30.4% 30.2%
Total Regulatory Capital/Risk Weighted Assets 30.1% 28.4% 29.6% 32.3% 31.9%
NPLs less Provisions/Core Capital 0.0% 0.0% 3.9% 2.2% 0.6%
Market Sensitivity
Forex Exposure/Core Capital -2.4% -2.7% -0.5% 0.4% 1.5%
Forex Assets/Forex Liabilities 98.2% 98.3% 99.7% 100.2% 100.7%