Detailed CAMEL financial summary for development finance companies, fiscal year 2023-2024: ratios for the system, FDI and SOFIHDES
- Non-performing loans are 78.43 percent of gross loans at the FDI against 21.24 percent at SOFIHDES, 62.70 percent for the system.
- Return on equity is -0.84 percent at the FDI and 11.19 percent at SOFIHDES; gross portfolio yield 3.77 against 14.69 percent.
- Operating expenses absorb 92.43 percent of the FDI's net product, with salaries at 67.42 percent of those expenses.
- SOFIHDES holds almost no liquidity (1.75 percent of assets) and its fixed assets equal 95.24 percent of equity.
- Provisions cover 55.45 percent of the system's gross non-performing loans; net NPL equal 76.71 percent of equity.
A single-page CAMEL ratio table published by the banking supervision of the Banque de la République d'Haïti for the development finance companies (sociétés financières de développement) for fiscal year 2023-2024. The five CAMEL blocks (capital, asset quality, management, earnings, liquidity) are laid out down the page with three columns: the system, the Fonds de Développement Industriel (FDI) and the Société Financière Haïtienne de Développement (SOFIHDES).
Capital: fixed assets are 55.27 percent of shareholders' equity for the system, 44.80 percent at the FDI and 95.24 percent at SOFIHDES; equity is 19.71 percent of assets for the system, 21.26 percent at the FDI and 15.43 percent at SOFIHDES. Asset quality: non-performing loans are 62.70 percent of gross loans for the system, 78.43 percent at the FDI and 21.24 percent at SOFIHDES; provisions cover 55.45, 57.07 and 39.71 percent of gross non-performing loans; net non-performing loans are 76.71, 84.61 and 46.56 percent of equity. Management: operating expenses absorb 85.95 percent of net product for the system, 92.43 percent at the FDI and 76.83 percent at SOFIHDES, with salaries at 57.91, 67.42 and 41.82 percent of operating expenses.
Earnings: return on assets is 0.30 percent for the system, -0.18 percent at the FDI and 1.47 percent at SOFIHDES; return on equity 1.57, -0.84 and 11.19 percent; net interest income is 84.17 percent of interest income for the system, 100 percent at the FDI (which carries no interest expense) and 73.13 percent at SOFIHDES; gross portfolio yield is 6.70, 3.77 and 14.69 percent. Liquidity: liquid assets are 10.34 percent of assets for the system, 13.44 percent at the FDI and 1.75 percent at SOFIHDES, and 12.88, 17.07 and 2.07 percent of liabilities. The companion summary of financial statements for the same year is held separately.
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Banque de la République d'Haïti (BRH), Detailed CAMEL financial summary for development finance companies, fiscal year 2023-2024: ratios for the system, FDI and SOFIHDES, https://www.brh.ht/supervision-bancaire/rapports-statistiques-2/
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- Banque de la République d'Haïti (BRH)