FirstBank FY'10 & Q1'11 Investor & Analyst Presentation
Summary &
Outlook
Strategy &
Transformation
Risk Mgt &
Corporate
Governance
Financial
Operating
Review
Environment
Highlights
What FirstBank Delivered in FY 2010 & Q1 2011
Stronger & liquid
balance Sheet
Business volume
Earnings
Profitability
.
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Dec 2010
Capital Adequacy Ratio: 20.4% (Dec 09: 15.8%)
Tier 1 capital ratio: 17.7% (Dec 09: 13.9%)
Net loan to deposit ratio: 79.4% (Dec 09: 80.9%)
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Liquidity ratio: 50.9% (Dec 09: 58.7%)
NPL ratio: 7.7% (Dec 09: 8.2%)
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Mar 2011
FirstBank
Since 1894
Capital Adequacy Ratio: 19.3% (Mar 10: 19.9%)
Tier 1 capital ratio: 16.8% (Mar 10: 16.2%)
Net loan to deposit ratio: 79.9% (Mar 10: 76.3%)
Liquidity ratio: 32.1% (Mar 10: 67.0%)
NPL ratio: 7.3% (Mar 10: 7.9%)
YoY growth in deposit of 7.7% to №1.45tn
Lending up 5.7% YoY to N1.23tn
No of bank branches: 611; ATM: 1,204
YoY growth in deposit of 12.5% to №1.58tn
Lending up 17.8% YoY and 9.8% QoQ to N1.26tn
No of branches: 619; ATM: 1,241
.
Gross earnings at N230.6bn, down 10.8% YoY on
annualised numbers
Contribution from subsidiaries to gross earnings: 10%
Improved gross earnings diversification with non-interest
income contributing 24.5% (Dec 09: 16.5%)
Gross earnings at N63.3bn, up 1.5% YoY
Contribution from subsidiaries to gross earnings: 12%
Non-interest income contributing 25.8% (Mar 10: 19.8%)
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Profit before tax: N43.2bn (Dec 09: N13.3bn)
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Profit before tax: N15.7bn (Mar 10 N5.4bn)
Contribution from subsidiaries to profit before tax 22%
.
Contribution from subsidiaries to profit before tax : 16%
After tax ROAE: 10.3% (Dec 09: 2.0%)
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After tax ROAE: 15.5% (Mar 10: 15.3%)
.
After tax ROAA: 1.5% (Dec 09: 0.3%)
Basic EPS: N1.02 (Dec 09 NO.23)
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After tax ROAA: 2.1% (Mar 10: 2.3%)
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Basic EPS: N1.54 from (Mar 10: N1.98)
Net interest margin: 6.3% (Dec 09: 7.1%)
FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011
Net interest margin: 6.6% (Mar 10: 5.2%)
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