Glossary

ALCO

Assets & Liabilities Management Committee

ATM

Automated Teller Machine

BARAC

Board Audit and Risk Assessment Committee

BDO

Business Development Office

CAGR

Cumulative Annual Growth Rate

CAM

Classified Assets Management Dept

CAP

Credit Analysis & Processing Dept

CBN

Central Bank of Nigeria

CCO

Chief Compliance Officer

CON

Commander of the Order of the Niger

CPFA

Close Pension Fund Administrator

CRM

Credit Risk Management

CRO

Chief Risk Officer

CSA

Children Savings Account

CSCS

Central Securities Clearing System

CSR

Corporate Social Responsibility

EAR

Earnings At Risk

ED

Executive Director

EPS

Electronic Payment System

EXCO

Executive Committee

FBN BDC

FBN Bureau de Change Ltd

FBN MB

FBN Microfinance Bank Ltd

FBN UK

FBN Bank (UK) Ltd

FCA

Fellow of the Institute of Chartered Accountants of Nigeria

FFL

First Funds Ltd

FGN

Federal Government of Nigeria

FIRS

Federal Inland Revenue Service

FRNL

First Registrars Nigeria Ltd

FSRCC

Financial Sector Regulatory Coordinating Committee

FSS

Financial Sector Strategy

FTNL

First Trustees Nigeria Ltd

GCFR

Grand Commander of the Order of the Federal Republic

GDR

Global Depository Receipt

ISMD

Information Security Management Department

KPI

Key Performance Indicator

KRI

Key Risk Indicator

LAD

Loans and Advances

LASACS

Large Scale Agricultural Credit Scheme

mbd

million barrels a day

MDAs

Ministries, Departments and Agencies

MFBs

Microfinance Banks

MFR

Member of the Order of the Federal Republic

mni

Member National Institute

MPA

Mortgage Plan Account

MPC

Monetary Policy Committee

MPR

Monetary Policy Rate

N

Naira

NSE

Nigerian Stock Exchange

OFR

Officer of the Federal Republic

OPL

Open Position Limit

ORM

Operational Risk Management Division

OTC

Over The Counter

PAT

Profit After Tax

PFA

Pension Fund Administrator

POS

Point of Sale

RCSA

Risk Control Self Assessment

RDAS

Retail Dutch Auction System

RMD

Risk Management Directorate

RTGS

Real Time Gross Settlement System

SBU

Strategic Business Unit

SEC

Securities and Exchange Commission

SMEEIS

Small and Medium Enterprise Equity Investment Scheme

SMIEIS

Small and Medium Industries Equity Investment Scheme

SRF

Strategic Resource Function

TLP

Total Loan Portfolio

TSR

Total Shareholder Return

VAR

Value At Risk

WDAS

Wholesale Dutch Auction System