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5 Year Financial Summary
Financials - 5 Year Financial Summary
 
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5 Year Financial Summary
 
  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
GROUP
  2010 2009 2008 2007 2006
USD'Million USD'Million USD'Million USD'Million USD'Million
ASSETS EMPLOYED
Cash and Balances with Central Banks 932 848 2,036 885 675
Treasury Bills 1,966 1,566 3,412 1,990 1,237
Due from other Banks 2,628 2,286 4,562 1,018 553
Loans and Advances 4,692 4,671 3,820 2,295 1,581
On-Lending Facilities 148 - 49 37 18
Advances under Finance Lease 87 37 39 19 14
Insurance Receivables 5 4 7 8 4
Investment Securities 1,384 1,063 549 328 88
Deferred Tax Assets 8 6 1 1 -
Other Assets 125 90 274 872 530
Investment Property 50 3 4 3 -
Property and Equipment 442 526 433 293 191
  12,467 11,100 15,186 7,749 4,891

 

   
 
Customers Deposits 8,670 7,852 10,104 5,054 3,105
Claims Payable 1 1 2 - -
Liabilities on Insurance Contracts 15 8 9 4 3
On-Lending Facilities 171 - 50 38 18
Borrowings 184 241 294 175 101
Current Income Tax 25 50 48 51 33
Other Liabilities 959 669 1,718 1,490 831
Deferred Income Tax Liabilities 49 21 17 10 4
  10,074 8,842 12,242 6,822 4,095
Net Assets 2,393 2,258 2,944 927 796
           
           
FINANCED BY          
           
Share capital 103 84 71 37 36
Share premium 1,678 1,706 2,168 551 535
Other reserves 597 454 686 324 225
Shareholders' Funds 2,378 2,244 2,925 912 796
Non-controlling Interest 15 14 19 15 -
 
Total Shareholders' Equity 2,393 2,258 2,944 927 796
Acceptances and Guarantees 5,940 4,272 6,155 2,375 1,237

 

PROFIT AND LOSS ACCOUNT  
 
Gross Earnings 1,274 1,855 1,799 756 474
Interest Expense (236) (562) (453) (152) (82)
Operating and Direct Expenses (678) (792) (779) (383) (258)
Diminution in Asset Values (29) (267) (90) (17) (10)
Profit Before Tax and Extra Ordinary Items 331 234 477 204 124
Extra-Ordinary item - - - -
Profit Before Tax and Extra Ordinary Items 331 234 477 204 124
Income Tax
(83)
(97)
(35)
(55)
(31)
Profit After Tax 248 137 442 149 93
Non-Controlling Interest (1) (1) (3) (1) -
Profit Attributable To Group Shareholders 247 136 439 148 93
Dividend Proposed (176) (76) (242) (74) (52)
 
Transfer to  Reserves 71 60 197 74 41
           
Earnings per Share (Basic) 1 c 1 c 3 c 2 c 2 c
Earnings per Share (Adjusted) 1 c 1 c 2 c 2 c 1 c
 
BANK
  2010 2009 2008 2007 2006
USD'Million USD'Million USD'Million USD'Million USD'Million
ASSETS EMPLOYED
Cash and Balances with Central Banks 859 770 1,974 1,131 1,195
Treasury Bills 1,894 1,507 3,372 1,990 1,235
Due from other Banks 2,464 1,940 4,089 681 414
Loans and Advances 4,393 4,477 3,545 1,739 1,577
On-Lending Facilities 148 - 49 37 18
Advances under Finance Lease 85 35 33 19 14
Investment Securities 1,131 964 464 254 79
Investment in subsidiaries 244 241 144 108 36
Other Assets 89 85 200 806 72
Investment Property 46 - - - -
Property and Equipment 418 503 409 275 182
  11,771 10,522 14,279 7,040 4,822

 

Customers Deposits 8,483 7,434 9,896 4,524 3,101
On-Lending Facilities 171 - 50 38 18
Borrowings 184 241 294 175 101
Current Income Tax 7 38 30 41 30
Other Liabilities 574 593 1,115 1,355 775
Deferred Income Tax Liabilities 47 21 16 9 4
  9,466 8,327 11,401 6,142 4,029
Net Assets 2,305 2,195 2,878 898 793
FINANCED BY  
 
Share capital 103 84 71 37 36
Share premium 1,678 1,706 2,168 551 535
Other reserves 524 405 639 310 222
 
  2,305 2,195 2,878 898 793
Acceptances and Guarantees 5,698 4,057 5,986 2,345 1,178

 

PROFIT AND LOSS ACCOUNT  
 
Gross Earnings 1,121 1,700 1,616 710 460
Interest Expense (228) (554) (425) (149) (83)
Operating Expenses (589) (692) (691) (359) (247)
Loan Loss Expense (19) (242) (84) (16) (10)
Profit Before Tax and Extra Ordinary Items 284 212 416 186 120
Extra-Ordinary item - - - -
Profit Before Tax and Extra Ordinary Items 284 212 416 186 120
Income Tax
(64)
(90)
(21)
(46)
(29)
Profit After Tax 221 122 395 140 91
Dividend Proposed (176) (76) (242) (74) (52)
 
Transfer to  Reserves 45 46 153 66 39
           
Earnings per Share (Basic) 1 c 0 c 3 c 2 c 2 c
Earnings per Share (Adjusted) 1 c 0 c 2 c 1 c 1 c
 

 

 
 
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