GTBank Business and Financial Performance
Margins
Strong margins
•
NIMS declined to 8.10% from 8.87% in 2013
Despite decline, NIMS remain relatively strong
compared to industry and in light of 2014 operating
environment
⚫ Decline in NIMS a result of:
• Increase in lower yielding, foreign currency loan
book
• NIMS impacted by loss of earnings from AMCON
bonds which matured in 2014
.
The Bank was able to effectively manage its cost of
funds to offset NIM compression resulting from
low yielding fx loans
Cost of interest bearing liabilities
3.20%
2.50%
History of strong NIMS
8.21%
8.20%
9.46%
8.87%
8.10%
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Net Interest Margin
Yields on interest earning assets
3.33%
3.10%
3.12%
12.31%
12.65%
11.66%
11.01%
10.44%
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Dec-10
Dec-11
Dec-12
Dec-13
Dec-14
Cost of funds
Yeild on earing assets
18
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