FirstBank FY'10 & Q1'11 Investor & Analyst Presentation
Governance
Operating
Environment
Highlights
Summary &
Outlook
Strategy &
Transformation
Risk Mgt &
Corporate
Financial
Review
Against this backdrop, the investment case for FirstBank remains a
compelling one...
FirstBank
Since 1894
Strong risk
management and
governance
structure
A leading banking
franchise in
Nigeria
Track record of
sustained growth
FirstBank
Since 1894
Leading financial
Stable funding
performance
base
Strong liquidity
position
Stable Funding Base
.
63.4% of liability funding is derived from customer
deposits. This have been relatively stable. (Dec
2010:62.9%)
Net placer of funds in the interbank market
Strong Liquidity Position
•
.
Liquidity ratio well above the CBN regulatory
requirement. Q1 2011: 32.1% (Dec 2010: 50.9%)
N1.26 tn in lending as at Q12011, up by 17.8 % y/y
Ability to finance large ticket transactions capable of
supporting the economy at large
The focus for the
Group remains the
financial services
market within SSA
and building our
current momentum.
We will defend our
current leading
position, extend
performance in
profitability, capital
and operating
efficiency, lead the
market across our
Strategic Business
Units, extending our
franchise into key
promising markets in
Sub-Saharan Africa
A Leading Banking Franchise in Nigeria
•
•
Established brand name and market leader in
retail and corporate banking
Good brand recognition, wide branch network and
strong customer loyalty
Track Record of Sustained Growth
Significant growth in total assets over the past
(CAGR=26.1%)
Desire to defend our leading position in earnings
asset and deposit generation
Leading Financial Performance
High RoE compared to peers
This is driven by strategic focus and superior
operating model
Strong Risk Management & Governance Structure
•
Lowest NPL among major Nigerian peers
Diversification of loan portfolio with strict portfolio
concentration limits
Best management team in the industry with
transparent corporate governance
FirstBank FY'10 & Q1'11 Investor & Analyst Presentation - 28/04/2011
39View entire presentation