FirstBank FY'10 & Q1'11 Investor & Analyst Presentation
Operating
Environment
Highlights
Financial
Review
Risk Mgt &
Corporate
Governance
Summary &
Strategy &
Transformation
Outlook
Steady growth in loan book in a measured and focused manner
Gross loans and advances - group (N'bn)
Bank
Subsidiaries
Provisions
1,351
1,231
1,198
87
1.4%
9.9%
15%
6.8%
€5%
1.5%
1,152
1,144
1,140
80
59
158
63
70
46
97
126
56
99
113
FirstBank
Loans and advances by type
Overdraft
Term loans
Commercial papers
■Money market lines
1.4%
8.5%
12.7%
10.2%
10.3%
12.7%
75.2%
74.7%
77.5%
76.3%
63.4%
62.8%
1,033
975
981
1,043
1,025
1106
14.0%
16.6%
14.4%
13.9%
13.8%
14.2%
9 Mths'09
Q1'10
H1'10
9 Mths'10
FY'10
Q1'11
Dec-09
Mar-10
Jun-10
Sep-10
Dec-10
Mar-11
Ageing analysis of performing loan book (bank only)
0-30 Days ■31 - 60 Days > 61 Days
12.4%
10.4%
1.6%
2.5%
8.5%
2.2%
9.0%
3.4%
10.6%
1.8%
•
•
•
Comments
18% and 10% YoY and QoQ growth in loan book
We remain the largest lender across the industry, with a well
diversified loan book
Loan growth driven predominantly by corporate and retail
customers; key sectors responsible for the loan growth are
agriculture and oil & gas
85.1%
88.0%
89.3%
87.6%
87.6%
•
Our single largest exposure remains to seawolf
•
Mar-10
Jun-10
Sep-10
FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011
Dec-10
Mar-11
•
Continued validation of our credit generation process and risk
acceptance criteria to align with assets quality targets
Continued focus on proactive remedial management and
recovery
17
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