Financial Performance Highlights
Overview Operating Environment Financial Review Guidance
Loans & Advances Analysis
N'billion
Net Loans & Advance
1,426.3
1,272.5
1,326.1
1,535.4
14.9
1,209.1
10.1
30.5
49.5
579.0
31.5
556.2
526.8
507.2
521.4
656.2
715.2
769.4
859.9
941.5
H1 2020
9M 2020
■LCY Loans
2020FY
■FCY Loans
Q1 2021 H1 2021
■Devaluation Impact
LCY Loans Vs. FCY Loans
45.7%
43.8%
42.0%
39.7%
38.7%
54.3%
56.2%
58.0%
60.3%
61.3%
H1 2020
9M 2020
2020FY
Q1 2021
H1 2021
■LCY Loans
■FCY Loans
Net loans & advances increased by 15.8% YTD to
N1,535.4bn, with 30.7% of the loan book within the 12
months or less maturity portfolio.
Actual real loan growth was 14.7% while the adjustment
in exchange rate from N400.3/$ to N410.6/$ accounted
for 1.1% (N14.9bn) growth in the loan book.
➤ FCY loans now constitute about 38.7% of the net loan
book from 42.0% in 2020FY.
➤ 7.4% (N12.7bn) of the growth in the LCY loan book were
created with on-lending and intervention facilities at
concessionary rates.
> Loans to funding ratio remained unchanged at 61.4%
(2020FY: 61.4%) but stood at 65.1% after weighting all
permissible loans: Mortgage Loans | SME Loans |
Consumer loans etc.
Sufficient headroom exists for risk asset growth.
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