Investor Presentaiton

Earings Mix Net Interest Income (N'bn) 12.3% 12.9% 11.7% 11.4% 11.5% 7.0% 6.8% 7.3% 6.1% 5.9% 4.7% 3.9% 4.8% 4.7% 5.1% 24 24 27 24 24 Q1'14 Q2'14 Q3'14 Q4'14 Q1'15 Net Interest Income COF -NIM -YOA Non Interest Income (N'bn) 40% 31% 29% 31 27% 4 24% 18 18 17 4 3 10 Q1'14 Q2'14 5555 735 9 15 1 17 11 10 6 Q3'14 Q4'14 Q1'15 Fees and Commission Other Income ©2015 ACCESS BANK PLC Trading income ⚫NIR/Revenue access>>>> Comments Net interest income at N24bn (Q1'14: N25bn) Net interest income declined by 3% y/y and 2% q/q to N24bn in Q1'2015 Net Interest Margin (NIM) reduced by 20bps to 5.9% in Q1'15 from 6.1% in Q4'14 Key drivers: Increase in the funding cost due to interest payments on the Eurobond and increase in money market rates on deposits Increase in the volume of lower yielding foreign currency loans in the portfolio Non interest income (NII) contributed significantly to the earnings mix with a 63% increase q/q and 72% increase y/y to N30.4bn in Q1'2015 Key drivers: Significant improvement in foreign exchange income from N3.1bn in Q1'14 to N15.2bn Q1'15 driven by gains on fair value valuation of the derivative instruments Improved yield from fixed income securities 13

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