BANK
  2009 2008 2007 2006 2005
N'000 N'000 N'000 N'000 N'000
ASSETS EMPLOYED
Cash and balances with central bank 115,044 232,267 141,981 151,380 42,202
Treasury bills 225,371

396,772

    249,815 156,471
92,230
Loans and advances 669,261 422,874  223,007   201,971

   125,663

Advances under finance lease

   5,281    3,940    2,445  1,716   841
Investment securities     144,189      54,591        31,919        10,045        5,214
Investments in subsidiaries  36,096    16,935     13,605      4,537 925
Other assets 12,758     23,476      101,163      9,107     4,756
Propert and equipment 75,171 48,085 34,544 23,102 15,079
  1,573,196 1,680,032 883,941

610,769

332,885
 
Customers deposits  1,111,328     1,164,460      568,012      392,864     233,413
Claims payable    -      -       4,749

      2,263

3,169
Borrowings 35,984    40,431        21,948         12,750       -
Current income tax 5,718     3,549      5,125      3,857     2,050
Other liabilities 88,683    131,207   170,088   98,184   56,013
Deferred income tax liabilities 3,100   1,902    1,186    450   450
           
   1,244,813    1,341,549    771,108    510,368  295,095
           
FINANCED BY          
Share capital        12,559        8,372        4,633        4,587       3,000
Share premium 255,047 255,047
       69,237
67,760
18,224
Share reserves 60,777 75,064 38,963 28,054 16,566
  328,383 338,483 112,833 100,401 37,790
           
Acceptances and guarantees 606,594 704,386 294,445

149,203

 41,005
 
PROFIT AND LOSS ACCOUNT
Gross Earnings
254,147
190,120
89,194
58,222
34,913
Interest expense
(82,836)
(49,964)
(18,733)
(10,463)
(5,620)
Operating expenses
(103,410)
(81,321)
(45,107)
(31,298)
(18,153)
Loan loss expense        (36,148)        (9,879)
(2,065)
           (1,307)
(1,975)
 
Profit before tax and extra-ordinary items 31,753 48,959 23,289 15,154 9,165
Extra-ordinary items
-
-
-
-
-
 
Profit before
tax		 31,753 48,939 23,289 15,154 9,165
           
Income tax 13,388 2,415 5,780 3,665 2,009
           
Profit after tax 18,365 46,524 17,509 11,489 7,156
           
Dividend proposed   28,466 9,266 6,600 4,200
           
Transfer to 
reserves		 18,365 18,058 8,243 4,889 2,956
   
Earnings per 
share (basic):		 73k 345k 189k  191k  136k
Earnings per 
share(adjusted):		 73k 185k 105k 124k 119k