FirstBank H1'11 Investor & Analyst Presentation
Strategy &
Summary &
Transformation
Outlook
Risk Mgt &
Corporate
Governance
Financial
Review
Operating
Environment
Highlights
Improving profitability matrices, attractive fundamentals and an
increasingly supportive environment, position FirstBank as an
investment of choice
Return on average equity
Shareholders funds N'bn
After-tax ROAE
15.3%
Return on average assets
FirstBank
Since 1894
Total assets N'bn
-After-tax ROAA
2.4%
2.4%
2.3%
2.1%
19.8%
2.0%
15.5%
14.0%
15.5%
10.3%
1.5%
28.8%
4.2%
310
308
310
341
341
321
2,292
2,261
2,424
2,305
2,496
2,913
Q1'10
H1'10
9m'10
FY'10
Q1'11
H1'11
Q1'10
H1'10
9m'10
FY'10
Q1'11
H1'11
Per share matrices
―― Price-earnings ratio
--Price-to-book ratio
31.1
27.2
1.3
ㅁ
1.2
1.3
1.4
1.3.
1.2
13.5
13.5
13.4
10.4
Q1'10
H1'10
9m'10
FY'10
Q1'11
H1'11
FirstBank H1'11 Investor & Analyst Presentation - 27/07/2011
Comments
QoQ decline in shareholders' funds (SHF) driven by payment of 2010
dividends; in addition, current SHF does not yet reflect unaudited
profits for H1 2011
15View entire presentation