COVID-19 Impact and Financial Review
NPL Analysis
➤ NPL ratio (Stage 3 Loans) increased to 4.8% in H1 2020 from
3.3% in 2019FY due to 58.8% increase in absolute NPL book
to №61.3bn.
▸ NPL growth is primarily due to the early identification of
sectors likely to be impacted by the pandemic and
economic lockdown.
▸ FCY NPL accounts for 11.5% of total NPL and largely in the
Oil & Gas Downstream and the Transport Sector.
▸ Coverage remains high at 112.7% with specific provisions
on Stage 3 Loans currently at 57.2% from 52.8% in Q1.
NPL Coverage Ratio
N' billion
% Ratio
N'billion
Gross Loans and Advances
1,050.2
1,126.5
53.9
1,178.4
38.6
1,218.9
58.1
1,267.3
61.3
56.6
993.6
1,072.6
1,139.8
1,160.8
1,206.0
H1 2019
9M 2019
2019FY
Q1 2020
H1 2020
■Performing Loans
■Non-performing Loans
Non-performing Loans
169.1%
61.3
58.1
56.6
4.8%
53.9
4.8%
38.6
15.2%
3.3%
3.3%
4.8%
112.7%
94.9%
102.4%
H1 2019
9M 2019
2019FY
Q1 2020
H1 2020
H1 2019
9M 2019
2019FY
Q1 2020
H1 2020
Non-performing Loans
-Coverage Ratio
30
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