Investor Presentaiton
OPEX and Cost to Income
Operating costs grew in line with the growth in the loan book and rightsizing of the business exercise
Operating Costs (GHC'million)
Commentary
140.0
120.0
100.0
92.3
80.0
60.0
40.0
20.0
90.0%
2017
122.5
2018
Cost-to-Income Ratio (%)
85.0%
80.0%
80.6%
72.7%
75.0%
70.0%
65.0%
December 2019 results unaudited
127.2
2019
2017
2018
2019
86.7%
Operating costs are up 4% from the previous year
The cost-to-income ratio is up from 72,7% in 2018 to 86,7% in
2019
ŷ The increase in the cost-to-income ratio was largely driven by
once-off items which includes the right-sizing of the business
The total cost was taken in December 2019, increasing costs
and affecting profitability for the 2019 financial year, however,
these savings will be realised in the upcoming years
17
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