First Quarter Group Results
Financial Highlights – Q1 2023 Contd.
Key Ratios
31-Mar-23
31-Mar-22
% change
Earnings per share (EPS)
N2.10
N1.85
14%
Return on average equity (ROAE)
18.7%
17.8%
5%
Return on average assets (ROAA)
2.1%
2.4%
(13%)
Net interest margin - NIM
6.9%
7.3%
(6%)
Cost of funds
2.7%
1.3%
(110%)
Cost of risk
0.7%
0.8%
7%
Cost-to-income ratio
53.4%
55.0%
3%
31-Mar-23
31-Dec-22
Liquidity ratio (Group)
72.0%
75.0%
(4%)
Liquidity ratio (Bank)
54.6%
67.0%
(19%)
Loan-to-deposit ratio (Group)
45.4%
45.9%
(1%)
Loan-to-deposit ratio (Bank)
48.8%
51.6%
(5%)
Capital adequacy ratio (CAR)
19.5%
19.8%
(2%)
Non-performing loan ratio (NPL)
Coverage ratio
4.30%
4.3%
0%
117.0%
115.9%
1%
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