Investor Presentaiton
Funding & Liquidity
Increased traction in the mobilization and retention of low-cost deposits contributed to 8.3% decline in
interest expense, as we continue to drive funding costs down.
Customer Deposits (N'b)
FY 2020
FY 2021
27.1%
1,209
95
5%
892
951
16%
290
45
761
70
155
75
205
CASA:79%
284
194
234
121
20%
90
619
556
361
417
8%
24%
CASA:68%
90
59%
17%
51%
2018
2019
■Current ■Savings Tem
Cost of Funds (%)
7.4%
2020
■Pledged Total
2021
6.3%
4.7%
3.6%
2018
2019
2020
2021
There has been a 27.1% growth in customer deposits
to reach N1.2 trillion (2020: 951 billion).
Consequently, the Bank was able to lower its cost of
funds further from 4.7% to 3.6% year-on-year.
The bank continued to maintain a healthy liquidity
position at 37.9% above minimum regulatory
requirement.View entire presentation