InvestorPresentation-Q21_1

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ING Vysya Bank

October 2006


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Performance highlights : H1 2006-07

Core business performance improved15% increase in Net Interest Income to Rs 263 crore in H1 2006-07

from Rs 229 crore in H1 2005-06

Non-interest income

Other Income (including CEB and treasury) is Rs 111 crores in H1

2006-07 as against Rs 98 crores in H1 2005-06

Profit

Rs 56 crore after tax profit in H1 2006-07 compared to a profit ofRs 29 crore in H1 2005-06, an increase of 93% (post-tax profit on

sale of stake in Bharat Overseas Bank Rs 26 crores)


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Performance Highlights : H1 2006-07

Growth in advancesGrowth of 7% - from Rs 9,368 crores to Rs 10,041 crores

Primarily in consumer banking and SME segments

And deposits

CASA grew from Rs 3,222 crores to Rs 3,936 crores increase of 22%

Investments remained relatively flat at approximately at Rs 4,200 crores

Network

The number of branches was 393 as at 30 September 2006 with thenumber of ATMs at 127 (including 11 Self Bank ATMs)


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Performance Highlights : H1 2006-07

An amount of Rs 78 crores (coupon rate of 9.70 % payable annuallyand a tenor of 10 years) was raised as Tier II capital through unsecured

sub- ordinated bonds in August 2006 by way of private placement. The

Bonds were fully subscribed by ABN Amro Bank

The Bank had sold 23,09,999 shares of face value of Rs. 10 invested in

Bharat Overseas Bank. The transaction resulted in a post tax profit ofRs 26.4 crores

Interim dividend of Rs. 2.76 crores was received from the wholly owned

subsidiary ING Vysya Financial Services Ltd during the quarter


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Balance Sheet

Particulars

Liabilities

Capital and Reserves 1,076 1,035 1,020 1,043 3%

Deposits 12,880 13,106 13,335 12,902 0%

Borrowings 1,131 739 1,107 732 55%

Other Liabilities & Provisions 1,650 1,515 1,304 1,121 47%

Total 16,737 16,395 16,767 15,798 6%

Assets

Cash and bank balances with RBI 1,465 1,507 1,123 1,018 44%

Advances 10,041 9,578 10,232 9,368 7%

Investments 4,209 4,268 4,372 4,451 -5%Fixed Assets 404 406 405 310 30%

Other Assets 618 636 634 651 -5%

Total 16,737 16,395 16,767 15,798 6%

Y-on-YGrowth %

Sep 302006

June 302006

Mar 302006

Sep 302005

Amounts in Rs crores


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Profit and Loss

YTD Q2 YTD Q2

Particulars

Interest Income 660.1 338.9 600.4 311.3 10%

Interest Expenses 399.9 201.7 372.0 184.8 8%Net Interest Income 260.2 137.2 228.4 126.5 14%

Other Income 128.6 85.7 101.9 60.8 26%

INCOME 388.7 222.9 330.3 187.2 18%

Employee Cost 124.6 64.4 109.4 58.1 14%Other operating exp 134.0 71.9 115.5 59.3 16%

EXPENSES 258.6 136.3 224.8 117.4 15%

Operating Profit 130.1 86.5 105.5 69.8 23%

Provisions and contingencies 54.0 33.6 57.7 38.9 -6%Profit before Tax (PBT) 76.1 53.0 47.8 30.9 59%

Provision for Taxes 19.9 11.6 19.0 11.2 5%

Profit After Tax (PAT) 56.2 41.4 28.9 19.7 94.6

Sep 30

2005

Y-on-Y

Growth %

Sep 30

2006

Sep 30

2006

Sep 30

2005

Amounts in Rs crores


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Positive quarterly momentums

Net profit Net Interest Margin

9

20

15

41

-

10

20

30

40

50

Q1 2005 Q2 2005 Q1 2006 Q2 2006

3.0%

3.6%3.8%

3.3%

0.0%

1.0%

2.0%

3.0%

4.0%

Q1 2005 Q2 2005 Q1 2006 Q2 2006

2005 2006

8.6%

9.1%

9.4%

9.2%

8.0%

8.5%

9.0%

9.5%

Q1 2005 Q2 2005 Q1 2006 Q2 2006

Yield on advances

4.9%4.8%

5.2%

5.0%

4.6%

4.8%

5.0%

5.3%

Q1 2005 Q2 2005 Q1 2006 Q2 2006

Cost of deposits

173%

* Ratios and numbers are for the quarter only


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Key parameters

The Net NPA to Net Advances ratio was 1.57 % as at end ofQ2 06, as against 1.98% at end of Q2 05

The Credit-Deposit Ratio (excluding IBD) stood at 82%compared to 77%

Cost to income ratio was 67% as compared to 68% a year ago

The Capital Adequacy Ratio (CAR) stood at 11.36% comparedto 10.95%


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Quarterly Growth Trends - Deposits

12,569

10,64310,474

10,033

12,902

13,335

12,56612,60612,880

13,106

8,000

9,000

10,000

11,000

12,000

13,000

14,000

QE June QE September QE December QE March

AmountinRs

crores

FY 2004-05FY 2005-06FY 2006-07

Deposit figures are quarter end figures of total deposits


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Composition of customer deposits

AmountinRscro

res

1,8381,565

1,384

8,944

9,680

2,371

25%

31%

-

2,000

4,000

6,000

8,000

10,000

September-06 September-05

0

0.05

0.1

0.15

0.2

0.25

0.3

0.35

CASA % - Aggregate CASA / Total Aggregate deposits

Savings TermCurrent


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Quarterly Growth Trends - Advances

6,618

7,157

8,177

9,081

10,232

9,726

9,3689,011

9,578

10,041

5,000

6,000

7,000

8,000

9,000

10,000

11,000

QE June QE September QE December QE March

FY 2006-07 FY 2006-07FY 2005-06

AmountinRs

crores

Advance figures are quarter end net figures


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Capital Adequacy Ratio

7.68%7.48%

3.88%

3.28%

11.36%10.95%

0.00%

2.00%

4.00%

6.00%

8.00%

10.00%

12.00%

September-06 September-05

CAR

Tier I

Tier II

FY 2004-05FY 2005-06FY 2006-07


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