Investor Presentaiton
Revenue Evolution
Our continuous effort to drive down funding cost was evident as the Bank was
able to lower its cost of funds further from 4.7% to 3.6% year-on-year.
Gross Earnings
4.8%
150.2
148.7
136.0
142.5
133.4
24
23
23
24
24
31
125
127
110
112
111
Interest Income
Non-Interest Income
FY 2021
16
11%
17%
0%
25%
20%
35% 18%
54%
62%
75%
82%
FY 2020
Loans and advances to customers
2017
2018
Interest Income
2019
2020
■Non Interest Income
2021
■ Investment securities
Cash and cash equivalents
Net - Interest Income
5.9%
50
50
65
62
55
66
■Fees and commission income
☐ Net trading income
Other operating income
Gross earnings rose by 4.8% driven by a growth of
28.5% in non-interest income.
Net interest income grew year-on-year by 5.9% to
N65.8 billion (FY 2020: N62.2 billion) largely on the
back of 8.3% reduction in interest expense.
There was an increase of 28.5% in non-interest
revenue largely due to fees & commission income,
and other operating income. In total, net operating
income grew to 87.3 billion resulting in 11.0%
growth.
FY 2017
FY 2018
FY 2019
FY 2020
FY 2021View entire presentation