Financial Highlights and Growth Trends slide image

Financial Highlights and Growth Trends

Loans and Advances Trend N'B 255.2 247.6 232.8 229.4 236.1 229.4 190.5 186.4 Jun 2012 Sep 2012 Dec 2012 Mar 2013 June 2013 Gross Loans Net Loans Loans by Business Segment 21.3% Dec. 2012 15.5% 16.5% 14.7% Jun. 2013 53.0% 9.8% 3.2% 5.5% 4.6% Corporate Financial Institution 280.4 272.8 55.7% Comments Net loans and advances rose by 19% Ytd and 10% QoQ to N272.8 billion ■ Growth was driven by exposures to the corporate banking segment, which rose 22% and accounted for 56% of total loans, while retail loans accounted for 15% ■Loan book was well diversified to capture growth sectors ■ Oil & gas sector recorded the largest sectoral allocation (29.9%) spread across the various sub- sectors; upstream (25.6%), downstream (39.6%) and services (34.8%) Public Sector Retail Commercial Sterling Bank The one-customer bank.
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