FirstBank H1'11 Investor & Analyst Presentation
Summary &
Outlook
Strategy &
Transformation
Risk Mgt &
Corporate
Governance
Financial
Review
Operating
Environment
Highlights
What FirstBank Delivered in H1 2011
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Stronger & liquid
balance Sheet
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Capital Adequacy Ratio: 17.3% (Jun 10: 18%)
Tier 1 capital ratio: 14.9% (Jun 10: 16.3%)
Gross loan to deposit ratio: 67.0% (Jun 10: 79.9%)
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Liquidity ratio: 38.3% (Jun 10: 63.5%)
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NPL ratio: 3.8% (Jun 10: 5.7%)
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YoY growth in deposit of 34.6% to 1.9tn; 32.3% ytd
Business volumes
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Lending up 12.7% yoy to #1.2tn; 7.2% ytd
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No of business locations: 630; ATMs: 1,293
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Number of cards in issue: Over 1 million
.
FirstBank
Since 1894
695,644 new customer accounts opened in H1 bringing total active accounts to 5,577,322
Gross earnings at N139.7bn, up14.2% yoy
Earnings
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Contribution from subsidiaries to gross earnings: 10.3%
Non-interest income contribution of 23.4% (Jun 10: 23.0%)
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Profit before tax: N35.7bn (Jun 10: N31.7bn)
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Contribution from subsidiaries to profit before tax: 13%
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Profitability
Cost to income ratio: 58.6% (Jun 10: 64.1%)
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After tax ROAE: 19.8% (Jun 10: 15.5%)
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After tax ROAA: 2.4% (Jun 10: 2.4%)
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
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Annualised basic EPS: N1.91 (Jun 10: 1.75)
Net interest margin: 8.2% (Jun 10: 5.7%)
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