Digital Banking and Financial Performance Review
Asset Quality
The Group's IFRS 9 Stage 3 loans closed at 5.2% in FY-2022 from 6.0% in FY 2021. With Retail and
Others emerged as Sectors with the highest NPL - 22.1% and 20.5%.
IFRS 9 Stage 3 Loans improved to N102.8bn in FY-2022 from N113.9bn in FY-2021, primarily driven by
the deleveraging of Ghana and Kenya's Loan books via the realization of pledged collaterals.
IFRS 9 Balance Sheet Impairment Allowance for Stage 3/Lifetime Credit Impaired exposures closed
at N54.9bn representing 53.4% coverage of Loans in this classification.
In aggregate terms (including Regulatory Risk Reserves of N93.9bn), the Group has adequate
coverage of 175.5% for its IFRS 9 Stage 3 loans /NPLs. This position is consistent with the Group's
plan to maintain 100% coverage of its NPLs.
NPL and Coverage
119.60%
0.34%
105.10%
126.40%
150.40%
175.50%
7.30%
6.53%
6.39%
6.04%
5.19%
0.34%
| | |
1.18%
0.50%
0.50%
NPL by Industry
Others
OIL - MIDSTREAM
OIL DOWNSTREAM
Manufacturing
20.50%
27.40%
8.60%
10.45%
10.76%
8.60%
7.24%
6.10%
Info. Telecoms & Transport.
3.76%
3.40%
Individual
General Commerce
22.10%
21.20%
13.60%
11.30%
Education
Construction & Real Estate
1.77%
1.50%
8:87%
Capital Market & Fin. Institution
Agriculture
0.68%
0.50%
0.47%
2.80%
Dec-18
Dec-19
Dec-20
Cost of Risk
■NPL/Loans
NPL by Currency
89%
11%
FY 2022
FY 2021
* Includes Engineering services, Fashion & Design, Religious Organizations, Hospitality, Clubs, co-operative societies, Unions, etc.
- FCY - LCY
Dec-21
Dec-22
Coverage ratio
25View entire presentation