ICICI Bank 2014 Annual Report Download - page 58

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56
Business Overview
56
ICICI Bank UK Plc (ICICI Bank UK)
ICICI Bank UK’s profit after tax for fiscal 2014 was US$ 25.2 million compared to US$ 14.4 million in fiscal
2013. At March 31, 2014, ICICI Bank UK Plc had total assets of US$ 4.5 billion compared to US$ 3.6 billion
at March 31, 2013. Its capital position was strong with a capital adequacy ratio of 21.8% at March 31,
2014 compared to 30.8% at March 31, 2013.
ICICI Bank Canada
ICICI Bank Canada’s profit after tax for fiscal 2014 was CAD 48.3 million compared to CAD 43.6 million in
fiscal 2013. At March 31, 2014, ICICI Bank Canada had total assets of CAD 5.5 billion compared to CAD
5.4 billion at March 31, 2013. ICICI Bank Canada had a capital adequacy ratio of 29.7% at March 31, 2014
compared to 33.2% at March 31, 2013.
CREDIT RATING
ICICI Bank’s credit ratings by various credit rating agencies at March 31, 2014 are given below:
Agency Rating
Moody’s Investor Service (Moody’s) Baa21
Standard & Poor’s (S&P) BBB-1
Credit Analysis & Research Limited (CARE) CAREAAA
Investment Information and Credit Rating Agency (ICRA) [ICRA]AAA
CRISIL Limited CRISIL AAA
Japan Credit Rating Agency (JCRA) BBB+1
1. Senior foreign currency debt ratings
PUBLIC RECOGNITION
The Bank received several awards and recognitions in fiscal 2014 in India and abroad, including the
following:
• Ranked as the ‘Best Managed Company’ and ‘Best Investor Relations’ among Indian companies by
Finance Asia
• The Corporate Governance Asia Annual Recognition Awards 2013
• Ranked 10th in Fortune India’s list of 50 Most Admired Companies in India
• The ‘Best Retail Bank in India’, ‘Best Microfinance Business’ and Best Retail Banking Branch Innovation’
at the ‘Excellence in Retail Financial Services Awards 2014’ by The Asian Banker
• ‘The Human Resource Organisation of the Year 2014’ by the World HRD Congress
• The Best Bank Award for use of IT for Business Innovation Among Large Banks from the Institute for
Development and Research in Banking Technology (IDRBT)
• The Best Private Sector Bank under the category Global Business Development for the Dun & Bradstreet
- Polaris Financial Technology Banking Awards 2013
• ‘Most Innovative Bank’ and ‘Most Innovative use of Multi-Channel Infrastructure’ at the Indian Banks
Association’s BANCON Innovation Awards 2013
• The Asian Banking & Finance Retail Banking Award 2013 for the Online Banking Initiative of the Year