Bank Five-Year Financial Summary

For the period ended 31 December 2009

Balance Sheet

	31 December 2009 N'million	31 March 2009 N'million	31 March 2008 N'million	31 March 2007 N'million	31 March 2006 N'million
Assets:
Cash and balances with the Central Bank	67,576	140,353	89,076	60,881	49,444
Treasury bills	14,219	17,697	147,680	159,832	108,316
Due from other banks	255,902	510,722	247,059	137,864	94,029
Loans and advances to customers	1,022,486	684,107	437,768	219,185	175,657
Advances under finance lease	10,835	11,769	10,297	3,043	1,701
Investment securities	49,386	34,663	44,509	56,087	55,773
Investment in associates	2,224	2,224	74	74	74
Investment in subsidiaries	30,416	28,449	26,949	7,887	7,882
Trading securities	221,863	151,111	93,396	71,477	-
Other assets	51,245	48,007	39,498	29,701	31,317
Property and equipment	46,302	38,320	29,155	16,850	13,952
	1,772,454	1,667,422	1,165,461	762,881	538,145
Financed by:
Share capital	14,504	12,432	9,945	5,238	2,619
Share premium	254,524	254,524	254,524	15,858	-
Reserves	48,459	84,098	75,378	56,255	56,377
Customer deposits	1,236,599	1,071,836	661,624	581,827	390,846
Due to other banks	65,087	78,980	44,281	14,448	323
Borrowings	35,473	35,042	29,414	22,101	-
Current income tax	14,948	7,238	5,091	5,710	4,148
Other liabilities	92,172	109,796	78,492	58,773	81,081
Deferred income tax liabilities	10,144	12,758	6,712	2,671	2,751
Retirement benefit obligations	544	718	-	-	-
	1,772,454	1,667,422	1,165,461	762,881	538,145
Acceptances and guarantees	431,316	314,973	198,239	132,737	80,662
Gross earnings	175,355	185,189	130,600	79,299	61,243
Net operating income	119,188	143,346	108,317	66,062	57,196
Operating expenses	(70,037)	(43,587)	(24,501)	(13,237)	(33,748)
Provision for losses	(41,462)	(13,959)	(5,819)	(2,519)	(3,617)
Profit before taxation	7,689	46,110	38,020	22,097	16,128
Taxation	(6,414)	(11,036)	(7,547)	(3,742)	(3,778)
Profit after taxation	1,275	35,074	30,473	18,355	12,350
Proposed dividend
Earnings per share (basic)	4k	141k	223k	156k	269k