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FIVE-YEAR
FINANCIAL SUMMARY FOR THE BANK |
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THE
YEAR ENDED 30 SEPTEMBER, 2007 |
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2007 |
2006 |
2005 |
2004 |
2003 |
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N'000 |
N'000 |
N'000 |
N'000 |
N'000 |
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| Balance Sheet |
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Asset: |
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Cash & Balance with CBN |
186,871,542
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20,589,296
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15,201,060 |
14,088,803 |
11,629,718 |
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Treasury bills & Other bills |
287,879,611 |
25,900,387 |
47,287,522 |
23,212,845 |
23,125,001 |
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Due from other bank |
121,287,431 |
180,208,013
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57,046,546 |
14,102,446 |
9,138,200 |
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Loans and advances to customers |
338,338,721 |
98,839,459
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77,765,988 |
24,251,234 |
12,874,707 |
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Advances under finance lease |
2,528,240 |
2,382,728 |
1,304,348 |
464,962 |
252,899 |
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Investment Securities |
31,876,387 |
15,693,312 |
4,482,756 |
2,160,998 |
2,837,789 |
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Investment in subsidiaries |
6,013,528 |
1,113,066 |
103,566 |
103,566 |
100,000 |
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Other Assets |
26,083,115 |
12,500,084 |
9,429,558 |
5,815,983 |
2,479,141 |
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Property & Equipment |
29,562,312 |
14,399,699
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5,232,377 |
2,683,386 |
2,541,040 |
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1,030,440,887 |
371,626,044
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217,853,721 |
86,884,223 |
64,978,495 |
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Financed by: |
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Share capital |
5,821,003 |
4,656,803 |
4,656,803 |
3,000,000 |
2,800,000 |
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Share Premium |
14,677,493 |
14,677,493 |
14,677,493 |
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- |
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Reserve |
30,394,030 |
18,335,860 |
11,757,386 |
7,360,340 |
5,173,082 |
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Deposit for shares |
171,582,860 |
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Shareholders' fund |
222,475,386 |
37,670,156 |
31,091,682 |
10,360,340 |
7,973,082 |
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Customer deposits |
690,394,946 |
310,386,227 |
167,451,436 |
66,655,088 |
48,865,830 |
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Due to other banks |
49,372,532 |
8,839,511 |
5,883,121 |
2,298,579 |
500,000 |
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Borrowed funds |
21,460,070 |
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- |
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Current income tax |
3,952,555 |
1,396,215 |
1,619,116 |
847,324 |
1,138,633 |
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Other liabilities |
39,035,221 |
11,115,375 |
11,243,288 |
6,288,301 |
6,169,375 |
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Deferred tax liabilities |
3,077,686 |
1,452,746 |
163,247 |
214,606 |
188,483 |
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Retirement Benefit Obligations |
672,491 |
765,814 |
401,651 |
219,985 |
143,092 |
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1,030,440,887 |
371,626,044 |
217,853,721 |
86,884,223 |
64,978,495 |
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Acceptance & Guarantees |
224,135,338 |
94,867,608 |
63,335,593 |
18,498,228 |
18,536,904 |
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Total Asset plus
Contingent Liability |
1,254,576,225 |
466,454,293 |
281,188,864 |
105,382,451 |
83,515,399 |
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| Profit
& Loss Account |
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Gross Earning |
73,746,812 |
44,684,510 |
24,309,469 |
12,623,483 |
11,053,937 |
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Profit before taxation |
22,341,307 |
11,614,463 |
7,265,270 |
3,445,172 |
3,287,145 |
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Taxation |
(5,207,222) |
(2,055,635) |
(1,368,224) |
(157,914) |
(469,264) |
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Profit after taxation |
17,134,085 |
9,558,828 |
5,897,046 |
3,287,258 |
2,817,881 |
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Proposed Dividend |
(11,874,847) |
(3,911,714) |
(2,980,354) |
(1,500,000) |
(900,000) |
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Transfer to reserves |
5,259,238 |
5,647,114 |
2,916,692 |
1,787,258 |
1,917,881 |
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Statistical Information |
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Basic earnings per share (Naira) |
147.17k |
102.63 |
20 |
27 |
32 |
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Number of Business Office |
320 |
187 |
81 |
53 |
43 |
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