FirstBank FY'10 & Q1'11 Investor & Analyst Presentation
Environment
Operating
Highlights
Financial
Review
Risk Mgt &
Corporate
Governance
Summary &
Strategy &
Transformation
Outlook
We proactively responded to the declining yield environment by
deliberately focusing on reducing our cost of funds, thus protecting our
margins
FirstBank
Since 1894
68.3%
Interest income mix
Placements
Treasury bills & investment securities
Loans and advances
Non-interest revenue mix
31.1%
37.6%
39.7% 40.2%
41.6%
Other fees and
commissions*
51.2%
64.4%
5.2%
Remittance
75.4%
71.5%
70.3%
82.6%
12.0%
10.0%
9.4%
fees /Management fees
8.7%
7.5%
7.2%
7.8%
3.3%
-2.0%
7.0%
0.8%
Exchange gain/FX Income
27.3%
33.4%
27.2%
37.0%
29.5% 29.2%
Commission on turnover
11.3%
24.0%
18.3%
19.1%
14.9%
20.4%
10.4%
Other income**
18.3%
20.2%
23.4%
7.0%
9.8%
10.2%
11.6%
10.6%
14.1%
14.0%
7.9%
9m'09
Q1'10
H1'10
9m'10
FY'10
Q1'11
9m'09
Q1'10
H1'10
9m'10
FY'10
Q1'11
Asset yield and cost of liabilities
Net interest margin
Yield on interest earning assets
Cost of interest bearing liabilities
10.8%
I Net interest income N'bn
Net interest margin
6.6%
9.8%
9.4%
8.6%
8.2%
8.3%
6.9%
6.8%
ā
5.7%
4.5%
3.9%
2.7%
9m'09
Q1'10
H1'10
**Investment income and recoveries
9m'10
FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011
FY'10
Q1'11
6.4%
6.3%
5.7%
5.7%
5.4%
96
28
57
90
121
38
9m'09
Q1'10
H1'10
*Credit related fees, Financial advisory fees, Commission on insurance premium, Commission on western union transfers, Loss/(Profit) on disposal of property and equipment
9m'10
FY'10
Q1'11
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