FirstBank FY'10 & Q1'11 Investor & Analyst Presentation
Financial
Review
Operating
Environment
Highlights
Risk Mgt &
Corporate
Governance
Summary &
Strategy &
Transformation
Outlook
Sustained improvement in asset quality indicators
40.6
Provision for credit and other losses (N'bn)
5.7
21.6
3.8
(1.5)
(1.0)
9m'09
Q1'10
H1'10
9m'10
FY'10
Q1'11
63.2
43.7
0.1
63.1
Movement in loan loss provision (N'bn)
11.4
(9.6)
General provision
87.4
80.1
7.3
11.4
(28.6)
11.4
75.9
68.6
FirstBank
Since 1894
Comments
Proactive recognition of 1% general provision in FY 2010
amounting to an №11.4 billion provision on our performing loan
book
Recovery remains a major priority as evidenced by a N9.6
billion in provisions no longer required
Cost efficiency (%)
■Pre-provisioning cost to income
Post-provisioning cost to income
60 83
65 62
63 64
65 80
69 102
64 71
1-Jan-101
Additional
Provision - Non
Additional
Provision -
Provision no longer
Amount w/off
30-Dec-10
required
Performing
Performing
Additional
Provision Non-
performing
31-Mar-11
Q3'09
Q1'10
Q2'10
Q3'10
Q4'10
Q1'11
FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011
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