FirstBank H1'11 Investor & Analyst Presentation
Risk Mgt &
Corporate
Governance
Highlights
Summary &
Outlook
Strategy &
Transformation
•
FirstBank
Improving profitability as benefits of various strategic initiatives begin
to converge
Profit before tax (N'bn)
Group H1 PBT split by business lines
105%
127%
15
32
41
43
16
36
Q1'10
H1'10
9m'10
FY'10
Q1'11
H1'11
Comments
We have continued to enhance the efficiency of our balance
sheet, resulting in expanding net interest margins
Changing mix of loans driving improvements in non interest income
Significant improvement in earnings per share
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
N31.2 bn
Since 1894
Retail & Corporate Banking
92.6% (Jun 10: 72.5%)
Investment & Capital Markets
4.3% (Jun 10: 10.5%)
Asset Management 0.5% (Jun
10: 14.7%)
Mortgage Banking 0.5% (Jun
10: 0.0%)
Other* 2.1% (Jun 10: 2.2%)
* Includes insurance brokerage, private equity and venture capital, and bureau de change business functions
Earnings per share* N
1.7
1.7
1.3
1.0
1.5
Q1'10
H1'10
9m'10
FY'10
Q1'11
H1'11
1.9
* Annualised
14View entire presentation