COVID-19 Impact and Financial Review
Retail Banking Analysis (Personal Banking)
▸ Savings deposits grew by 32.2% YTD and now represent
25.9% of total deposits from 22.5% in 2019FY.
► Savings has continued to benefit from the current low
yield environment especially in the fixed income market.
► Current growth in retail loans was largely through a
combination of our proprietary online retail platform and
partnership with FINTECHS.
► Retail assets will tick up further QoQ in H2 2020 as
economic activities increase gradually.
Savings Deposits Trend
N'billion
22.6%
22.3%
22.5%
23.1%
25.9%
363.9
312.1
275.2
247.7
248.9
H1 2019
9M 2019
■Savings Deposits
2019FY
Q1 2020
H1 2020
% Share of Total Deposits
Retail Low Cost Deposits
Retail Assets Trend
N'billion
N'billion
40.9%
37.7%
37.0%
37.7%
41.8%
3.7%
4.2%
4.6%
4.1%
4.0%
446.9
53.8
50.4
51.2
395.1
47.2
358.2
330.6
331.8
39.2
H1 2019
9M 2019
2019FY
■Retail Deposits
Q1 2020
H1 2020
H1 2019
9M 2019
2019FY
Q1 2020
H1 2020
■% Share of Low Cost Deposits
■Retail Assets
■% Share of Total Loan Book
22
22
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