Digital Banking and Financial Performance Review
FY 2023 Guidance
FY 2022 Guidance
FY 2022 Actual
FY 2023 Guidance
N243.0 bn
N214.2 bn
N280.0 bn
PBT
Deposit Growth
25.0%
12.0%
25.0%
Loan Growth
10.0%
5.0%
15.0%
Coverage (with Reg. Risk Reserve)
100.0%
175.5%
150.0%
Cost of Risk
<1.0%
0.6%
<1.0%
NPL to Total Loans
6.00%
5.20%
4.9%
Return on average Assets
5.0%
3.60%*
4.0%
Return on average Equity
25.00%
23.61%*
25.00%
Loans to Deposits
50.00%
39.81%
50.00%
Liquidity Ratio
38.00%
49.93%
40.00%
Capital Adequacy Ratio
23.00%
24.08%
23.00%
Cost to Income Ratio
35.10%
48.03%
40.00%
Net Interest Margin
8.0%
6.68%
7.0%
Banking (Nigeria) Contribution to PBT
70.0%
84.3%
65.0%
Banking (Ex-Nigeria) Contribution to PBT
28.0%
14.8%
33.0%
Non-Banking Contribution to PBT
2.00%
0.90%
2.00%
* Pre-tax profit expressed due to impact of Finance Act and expiration of CIT Exemption Order 2011 on tax
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