GTBank Business and Financial Performance
Balance Sheet
Strong, high quality balance sheet growth
"
Loans to deposits ratio - 77.61%
(December 2013 - 70.61%)
Loans to deposits ratio (including borrowings) - 67.14%
-
(December 2013 – 60.14%)
Net loan-book - N1.281trn, up 27.12% from 2013
(December 2013 - N1.01trn)
-
loan book growth attributable to a 56.97% growth on our
foreign currency loan book to high quality names in the
manufacturing, maritime and oil & gas industries; as well
as the revaluation factor
the growth in the dollar loan-book was funded by our
$400 Eurobond issued in 2013
due to the exchange rate movement in 2014, fx loans
constituted 51.15% of our loan-book
growth in Naira loan-book dampened by intentional, risk
conscious divestment from certain state government
related loans ahead of elections
Deposits N1.65trn, up 14.36% from 2013
-
(December 2013 - N1.44trn)
-
deposit growth attributable to a 34.08% growth on our
foreign currency deposit book.
foreign currency deposit growth is attributable to the fact
that our foreign currency loan obligors, also keep their
deposits with us, so as our foreign currency loan book
grew, these deposits grew likewise.
The Bank also saw strong 14.51% growth in retail deposits
due to its strong and growing retail franchise
Exchange rate devaluation added a further boost to
deposit growth
Total Assets, Loans and Deposits (N’bn)
1,608.65
2,355.88
2,102.85
1,734.88
1,649.87
1,442.70
1,281.38
1,168.05
1,172.06
1,063.35
1,007.97
783.91
779.12
604.09
Dec-10
707.05
Dec-11
Dec-12
Dec-13
Dec-14
Total Advances and Loans Total Deposits Total Assets
Low cost, diverse funding mix (N'bn)
66.89
23.03
779.12
1,172.06
1,063.35
281.83
216.64
230.39
145.77
156.50
93.23
86.93 92.56
92.13
Dec-10
Dec-11
Dec-12
Debt securities
Other borrowed funds
■Total equity
Deposits
Asset base and components (N'bn)
604.09
383.83
368.28
783.91
707.05
322.99
1,442.70
332.35
167.32
91.30
Dec-13
1,007.97
374.33
Dec-14
246.94
428.99
384.08
398.57
307.40
GTBank
1,649.87
1,281.38
79.00
273.07
211.88
139.71
180.44
149.49
Dec-10
Other Assets
Dec-11
■Cash &equivalents
Dec-12
Dec-13.
Dec-14
17
Investment securities
LoansView entire presentation