Investor Presentaiton
CONFIDENTIAL
Why Invest in BOI?
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BANK OF INDUSTRY
...transforming Nigeria's industrial sector
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Nigeria's Leading DFI with Long and
Proven Track Record
Total assets of US$ 4.3bn in June 2023.
One of the few Development Finance Institution (DFI)
with the mandate to conduct lending operations in
support of Nigeria's growing economy and
developmental objectives
Nigeria's largest, oldest and most prominent DFI, with
long track record of 60+ years
BOI is the first Nigerian DFI to access capital from the
international capital market, leveraging a sovereign
guarantee. In addition, we have a strong repayment
track record.
Strong Corporate Governance
and Risk Management
Stable and experienced board members, with over 300
years combined experience
Robust Enterprise Risk Management Framework and ISO
certifications on quality management system, business
continuity, information security, etc.
Adherence to international best practices, disclosures
and audits
Currently working on establishing a Sustainability
Framework
Exchange Rates $/N - Source: CBN, whole-year average
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BANK OF INDUSTRY
...transforming Nigeria's industrial sector
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Diversified Loan Book and Profitable
Performance
Long track record, spanning 60+ years
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Strong year-on-year financial performance,
with Profit-Before-Tax (PBT) in Millions of $ USD
2016 2017 2018 2019
252.7 305.3 305.6 306.4
2020 2021 2022 2023
2018
2019
2020 2021 2022
2023 (June
356.4 411.75 447
763
2023)
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128
100 148 158
146.6
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Trusted Partner with Consistent and
Strong Shareholder Support
Strong support from both shareholders Ministry of
Finance Incorporated (MOFI) and Central Bank of
Nigeria -CBN), including:
direct equity contributions
facilitation of government and parliamentary
approvals
provision of Sovereign and CBN Guarantees; and
CBN FX swap lines to mitigate foreign currency risks,
amongst others
Robust Balance Sheet and
Asset Quality
Access to lower costs of funding than Commercial
Banks
Credit exposure is further mitigated with collateral,
largely comprised of commercial bank guarantees
and Government debt securities
Summary of key performance indicators (June 2023):
Total equity: US$954.7mn
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NPL ratio: 2.08%, (below CBN's 5% max. threshold)
CAR: 62.16%
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