FirstBank H1'11 Investor & Analyst Presentation
Environment
Operating
Highlights
Our loan book remains well diversified across business
segments and sectors
FirstBank
Since 1894
Breakdown by SBU N'bn (Gross) (Bank only)
№1.1 tn
A1.2tn
41.2tn
170 15%
181
146
12%
15%
170
15%
229
226
20%
19%
71
6%
Treasury
92
8%
115
10%
210
17%
Corporate banking
•
231
18%
217 19%
Public sector*
■Retail banking
515
46%
489
40%
461
39%
■Institutional banking
Dec-10
Mar-11
Jun-11
*Public sector exposures: federal and state governments
Gross loans and advances (sector exposure) Mar
2011 (Bank only)
Oil & gas services
14% (Mar 11: 13%)
Oil & gas
upstream 1%
(Mar 11: 1%)
Capital
market 2%
(Mar 11:
2%)
Oil & gas
downstream 15%
(Mar 11: 13%)
Real estate
Construction 3%
Government** 9%
(Mar 11: 6%)
Personal &
professional 6%
(Mar 11: 5%)
Comments
13% y/y growth in net loan portfolio, 2% decline QoQ and 7% growth ytd
QoQ reduction in loans due to pay down on facilities, N32 bn AMCON
sale and write off of N22 bn non performing loans with full provisions as
at Dec 31, 2010
Modifying loan mix to higher yielding types
Foreign loans represent 23% of total loan portfolio while top 20 non bank
customers account for 37% of the Bank's loan book
We are increasing our involvement with small and medium scale
enterprises
Seawolf remains our largest exposure, we are working on reducing
concentration to within regulatory limits as guided by CBN
Core consumer/retail product portfolio¹
Co-operatives
8% (Mar 11: 7%)
Asset backed - retail
2% (Mar 11: 2%)
Personal loan 5%
(Mar 11: 4%)
Home loan 20% (Mar.
11:21%)
N178 bn
Asset backed -
consumer 64% (Mar
11:65%)
Summary &
Strategy &
Transformation
Outlook
Risk Mgt &
Corporate
Governance
Financial
Review
(Mar 11: 4%)
Real estate -
Commercial 2%
41.16 tn
(Mar 11: 2%)
Finance and
insurance
Real estate -
residential 3%
(Mar 11: 3%)
11% (Mar
11: 14%)
General✶✶✶✶ 10%
(Mar 11: 9%)
Information and
communication 6%
(Mar 11: 6%)
General commerce
7% (Mar 11: 9%)
Others*** 3% (Mar
11:3%)
Manufacturing 9%
(Mar 11: 9%)
Consumer auto loan
1% (Mar 11: 2%)
**Government exposures: federal, state and local governments
¹Core consumer/retail portfolio represents retail loan exposures <50m
***Others include agriculture, construction, power & energy and transportation ****General includes: hotels& leisure, logistics, retail others and religious bodies
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
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