FirstBank FY'10 & Q1'11 Investor & Analyst Presentation
Risk Mgt &
Corporate
Governance
Financial
Review
Operating
Environment
Highlights
2
1
At the Group level, our growth agenda is to be structured with
shifting emphasis over time and designed to grow at a sustainable
pace
Restructuring
for Growth
•
Robust governance framework to provide oversight
functions for subsidiaries and ensure proper
governance/co-ordination across the Group
• Over the last year, we focused on aligning our proposed
approach with evolving regulation
• 2011 aspiration will centre on effectively capturing
Group synergies as an integrated financial solutions
provider
FirstBank
Priorities by growth horizon
DIVERSIFY GROUP AND
TRANSFORM BANK
Since 1894
BUILD SCALE
INTERNATIONALLY
Business Line
Expansion
•
•
Harnessing growth potential in all of our core
businesses, whilst making adjustments to our platform
to take account of the market opportunities
2011 focus will be to fast track the growth of market
share for key non-banking businesses i.e. IBAM and
Insurance
Targeting growth potential in our core business and
targeting the strong FirstBank platform
CONSOLIDATE
IN NIGERIA
⚫Driveorganic and inorganic
expansion
Continue aggressivbank
transformation
•Structure fogrowth in inv.
banking and insurance
⚫Rep office expansion; iniSSA
explorations
Shortterm
* Drive bank transformation
completion
• Build scalen inv.banking and
insurance antèverage group
synergies
• CommencSSA regional
expansion earnest
⚫Significant SSA expansion and
growthin banking with selective
international forays in nbank
financial services
⚫Focus ordriving economies of
scale and scopacross.
international network and
portfolio obusinesses
Medium term
Long term
Summary &
Strategy &
Transformation
Outlook
3
International
Expansion
■ Over the long-term, our priority will be to drive growth
internationally with an emphasis in the near-term on
establishing a presence in priority nations in a cost-
effective but capital efficient manner
■ International expansion will be implemented via a
combination of acquisitions and greenfield expansion as
appropriate, guided by the overall objective that the
Bank plays competitively in each new market
■ International acquisition would be benchmarked against
preset internal targets for acquisition
FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011
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