Investor Presentaiton
Enhancing non-interest income generative capacity
Non-interest income increased 48.1% y-o-y to
N118.7
Electronic banking fees grew by 32.7% y-o-y,
despite regulatory developments reducing fees by
c. 50%
Increased electronic banking fees contribution to
fees and commission (H1: 21 41.7% vs H1 20:
38.9%)
Letters of credit commission grew 74.5% y-o-y in
line with our facilitation capability, funding
reliability, competitive pricing and other value
additions to our clients
Financial Review
Non-interest Breakdown Net (N'bn)
Fees & Commission Breakdown Gross (N'bn)
+48.1%
+23.8%
118.7
17.0
69.1
12.0
55.8
80.1
5.4
16.7
3.3
44.3
6.0
9.0
30.0
3.3
3.4
7.9
Payment and cash management fees contribution
benefited from continued platform enhancement
5.1
5.6
Gains on investment securities grew by 30.4% y-o-y
through efficient treasury management
57.4
46.8
28.8
21.7
Diversification benefit coming through from
annuity income (Asset Management and Trustee)
H1 20
H1 21
H1 20
Net fees & commission
Trading income Other
E-banking
Remittances
LoC commission & fees
(1) Others include commission on bonds and guarantees, custodian fees, financial advisory fees, fund management fees,
brokerage and Intermediations, other fees and commissions, trust fee income
H1 21
Account Maintence
■Credit related fees
Others (1)
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