Investor Presentaiton
Financial Performance: Income Statement
Interest Income
Dec 2019: (+1%)
259,8mn
Dec 2018: 257,6mn
Credit Loss Ratio
Dec 2019:
4,6%
Earnings Indicators (Cedi)
Interest Expense
Dec 2019: (+24%)
120,1mn
Dec 2018: 97,2mn
OPEX
Dec 2019: (+4%)
127,2mn
NII
Cedi'000
Interest income
å
Dec 2019: (-13%)
139,8mn
Interest expense
Dec 2018: 160,5mn
Net interest income
Commission income
Other income
Operating income
Income Statement (Cedi)
19-Dec
18-Dec
259 825
257 645
(120 063)
(97 167)
139 762
160 478
6915
146 677
Operating expenses
(127 236)
8 075
168 553
(122 506)
Cost-to-Income
Other expenses
Dec 2019
Forex loss
(6 387)
(4 424)
Pre-provision income
13 053
41 623
86,7%
Impairment of loans and advances
(31 340)
(30 174)
Net Income before tax
(18 289)
11 449
Dec 2018: 5,4%
Dec 2018: 122,5mn
Dec 2018: 72,7%
Tax
Net Income after tax
PAT
ROA
ROE
Dec 2019:
Dec 2019:
Dec 2019:
-13,9mn
-1,9%
-10,5%
$'000
Interest income
4 428
(13 858)
19-Dec
49 810
(3 601)
7 847
18-Dec
56 156
Interest expense
(23 017)
(21 178)
Net interest income
26 793
34 978
Dec 2018: 7,8mn
Dec 2018: 1,3%
Dec 2018: 5,8%
Commission income
Other income
Operating income
1 325
Operating expenses
28 118
(24 392)
(1760)
36 738
(26 702)(
2019 after-tax profits affected by increased costs due to once
off items, however, profitability is expected to improve in the
2020 financial year evidenced by increased sales levels
tracking above budget in the 1st quarter of 2020
Other expenses
Forex loss
December 2019 results unaudited
(1 224)
(964)
Pre-provision income
2 502
(9 072)
Impairment of loans and advances
(6 008)
(6 577)
Net Income before tax
Tax
(3 505)
2 495
849
(785)
Net Income after tax
(2 657)
1 710
Strictly Private & Confidential
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