FirstBank FY'10 & Q1'11 Investor & Analyst Presentation

Summary & Strategy & Transformation Outlook Risk Mgt & Corporate Governance Financial Review Operating Environment Highlights We will maintain our focus on optimising our balance sheet, as we look to move our funds to higher yielding assets Deposits by SBU (bank only) 80.9% A1.3 th 2% 7% A1.4 th 1% 7% FirstBank Interest earning assets (N'bn) 1,988 2,210 263 13.2% 398 18.0% Since 1894 23% 23% Corporate office* Private banking Corporate banking 23 550 27.7% 1.2% 513 23.2% 36 1.6% Investment Due from other banks 54% Public sector banking 52% Treasury bills Retail banking Loans and advances Institutional banking 13% 13% 1151 57.9% 1264 57.2% Dec-10 Mar-11 Balance sheet efficiency Leverage ratio (times) Loan to deposit ratio 76.3% 76.7% 74.1% 79.4% 79.9% 6.5 7.0 7.4 7.3 7.8 6.8 Dec-09 Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011 Dec-10 Mar-11 • • Comments Percentage of cheap deposits has continued to improve - from 68.5% to 80.9% as at end of December and 82% as at end of Q1 Foreign currency deposits represent 12.3% of our deposits base The retail and public sector segments constitute the largest segments for generation of cheap liabilities to lever our balance sheet Focus on increasing the depth and breadth of our transactional banking capabilities to capture flow through from current accounts in the corporate banking segment *Corporate office includes money market lines, treasury, investments and staff welfare loans 15

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