ICICI Bank 2016 Annual Report Download - page 92

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Business Overview
Annual Report 2015-2016
ICICI Venture Funds Management Company (ICICI Venture)
ICICI Venture is a diversied specialist alternative asset manager with a presence across private equity, real estate,
infrastructure and special situations. During scal 2016, the fourth private equity fund concluded its rst closing at ~USD
190 million (including co-investment capital). This comes after the nal closing, during the last scal, of one of the largest
India focused alternative funds ever raised (AION), a USD 825 million special situations fund to which ICICI Venture is
an advisor under a strategic alliance with a leading global alternative asset manager (Apollo Global Management). ICICI
Venture’s momentum of exits was sustained during scal 2016 as well. ICICI Venture has concluded 51 exits worth about
USD 1.3 billion since 2009 which is amongst the highest in the Indian market for this period. During scal 2016, the
company also concluded a diverse range of investments across its various funds into sectors such as consumer products
and services, retail and nancial services. In scal 2016, ICICI Venture posted a loss of ` 0.21 billion for the year ended
March 31, 2016 compared to prot after tax of ` 0.01 billion for the year ended March 31, 2015.
ICICI Securities
During scal 2016, the Company introduced innovative products and services using effective technology to aid its 3.8
million retail customers. The Corporate Finance business continued to build a deal pipeline of diverse products whereas
the Institutional Broking segment enhanced corporate access through various conferences and events. The Company
achieved a consolidated prot after tax ` 2.39 billion in scal 2016 compared to ` 2.94 billion in scal 2015.
ICICI Securities Primary Dealership (I-Sec PD)
I-Sec PD maintained its leadership in primary subscription and underwriting and has clocked a CAGR of 23.9% since scal
2010 to scal 2016 in volumes achieved in government securities. Along with its established franchise with domestic
institutional investors, the Company also increased its outreach to the Foreign Portfolio Investors segment. The Company
managed multiple corporate debt placements aggregating to ` 753.92 billion in scal 2016 and is ranked amongst the
top ve in the PRIME league tables. The Company is one of the fund managers managing the corpus of the Employee
Provident Fund Organisation, India’s largest retirement fund as well as the Coal Mines Provident Fund, the second largest
fund, making it one of the largest discretionary fund managers in the country. I-Sec PD’s prot after tax was ` 1.95 billion
in scal 2016 compared to ` 2.17 billion in scal 2015.
ICICI Bank UK Plc. (ICICI Bank UK)
ICICI Bank UK’s prot after tax in scal 2016 was USD 0.5 million compared to USD 18.3 million in scal 2015. The
decrease in prots was primarily on account of higher specic provisions on impaired loans. At March 31, 2016, ICICI
Bank UK had total assets of USD 4.61 billion compared to USD 4.13 billion at March 31, 2015. It had a capital adequacy
ratio of 16.7% at March 31, 2016 compared to 19.2% at March 31, 2015.
ICICI Bank Canada
ICICI Bank Canada’s prot after tax for scal 2016 was CAD 22.4 million compared to CAD 33.7 million in scal 2015. The
decrease in prots was on account of higher specic provision on existing impaired loans. As at March 31, 2016, ICICI
Bank Canada had total assets of CAD 6.52 billion compared to CAD 5.95 billion as at March 31, 2015. ICICI Bank Canada
had a capital adequacy ratio of 23.6% as at March 31, 2016 compared to 28.5% as at March 31, 2015.