FirstBank H1'11 Investor & Analyst Presentation

Operating Environment Highlights Summary & Strategy & Transformation Outlook Risk Mgt & Corporate Governance Financial Review 51.8% 24.0% Reduced concentration risks in our NPL portfolio Ageing analysis of NPL portfolio (bank only) 90-179 days 180-359 days above 360 days 26.6% 32.4% 42.7% 40.8% 47.6% 41.9% 33.1% 5.0% 30.4% 36.5% 47.4% 31.5% 34.5% 28.8% 24.2% 20.8% Mar-10 Jun-10 Sep-10 Dec-10 Mar-11 Jun-11 8.1% 1.3% 0.6% FirstBank Since 1894 Comments Reduction in non performing loans driven by sale of N32bn in eligible assets to AMCON as well as N22bn write offs in line with CBN directive Continued focus on recoveries, with remedial business unit within the Bank and independent recovery agents Focus on enhancing quality of relationship management in order to drive better account management N18bn received from AMCON on the second phase of NPL sales with write back of N10.4bn Sector NPL Ratio's (bank only) 5.4% 1.6% Mar-11 Jun-11 % of gross loans as at Jun-11 7.5% 30.1% 0.5% 5.8% 9.1% 11.2% 8.8% 33.5% 18.2% 25.2% 15.2% 22.9% 3.2% 17.7% 18.2% 12.9% 18.8% 5.1% 2.1% 4.5% 2.9% 3.2% 1.3% 1.9% 1.2% 1.5% 0.1% 0.7% 0.6% 0.3% 0.0% Real estate Agriculture Construction Capital market Retail others activities General commerce Oil & gas FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011 Transportation and storage Information and communication Manufacturing Finance and insurance Government 22

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