FirstBank H1'11 Investor & Analyst Presentation
Summary &
Outlook
Strategy &
Transformation
Risk Mgt &
Corporate
Financial
Review
Governance
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
Operating
Environment
Highlights
FirstBank's investment case remains compelling given attractive
business fundamentals and valuations metrics
FirstBank
Since 1894
Strong risk
management and
governance
structure
A leading banking
franchise in
Nigeria
FirstBank
Track record of
sustained growth
Stable Funding Base
•
66% of liability funding is derived from customer
deposits; and this have been relatively stable.
Net placer of funds in the interbank market.
Strong Liquidity Position
•
Since 1894
Leading financial
performance
Stable funding
base
Liquidity ratio well above the CBN regulatory
requirement. H1 2011: 38.3%.
Strong liquidity
position
A Leading Banking Franchise in Nigeria
Established brand name and market leader in retail
and corporate banking.
Good brand recognition, wide branch network and
strong customer loyalty.
Track Record of Sustained Growth
•
Significant growth in total assets (CAGR=22.7% in
3 yrs).
Leading position in earnings assets and deposit
generation.
•
N1.28tn in lending as at H1 2011, up 13.05% y/y.
Ability to finance large ticket transactions capable of
supporting the economy.
Leading Financial Performance
One of the highest RoEs amongst peers; driven by
strategic focus and superior operating model.
Strong Risk Management & Governance Structure
One of the lowest NPLs amongst peers.
Diversification of loan portfolio within strict portfolio
concentration limits.
Seasoned management team, with transparent
corporate governance.
The focus remains
executing our
transformation
towards being the
clear industry leader.
We will defend our
current leadership
position, whilst
extending
performance in
profitability, capital
and operating
efficiency.
We aim to attain
market leadership
position in each of our
strategic business
units and extend our
franchise into
promising sub-
Saharan Africa
markets.
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