Digital Banking and Financial Performance Review
Risk Asset Mix
The Group maintained a well-distributed Loan book with a continuous focus on quality across all target markets and select business segments.
Exposure to Midstream Oil & Gas Sector was reduced from 14% to 9% was a result of scheduled repayments by obligors in this sector. Additional drawdowns on Anchor Borrower's
Funds (Intervention Loans) translated to an increase in Agriculture sector contribution from 1% to 8%. Growth in Retail loans was 1%.
Exchange rate movement from N435/$1 in Fy-2021 to N461.5/$1 in FY-2022 led to an increase of the contribution from the Oil and Gas sector to 30% from 28%. The Group continues to
make conscious efforts to reduce the concentration risk.
81.6% of the exposures in the Oil & Gas sector are USD denominated and in the Upstream Oil and Gas.
Total restructured loans stood at #280.5bn, constituting 16.9% of the Gross Loan portfolio. Of the total restructured loans, 86.6% relate to two (2) Obligors - Aiteo and WEMPCO. All
restructured loans have been classified appropriately as Stage 2 Facilities.
Gross Loans by Industry
Upstream Oil and Gas
December 31, 2022
30%
14%
Manufacturing
Midstream Oil and Gas
Individual
9%
13%
Information, Telecoms. and Transport.
8%
Government
4%
Others*
5%
Agriculture
8%
Capital Market and Fin. Institutions
3%
General Commerce
4%
Construction and Real Estate
1%
Downstream Oil and Gas
Education
2%
0.3%
* Includes Fashion & Design, Religious Organizations, Hospitality, Clubs, co-operative societies, Unions, Engineering services, etc.
December 31, 2021
28%
14%
14%
12%
8%
4%
5%
7%
3%
2%
2%
0.5%
0.5%
24View entire presentation