Group 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	70,332	140,403	88,351	61,844	50,992
Treasury bills	14,219	17,697	115,480	159,832	108,316
Due from other banks	514,193	764,048	560,879	264,405	169,580
Loans and advances to customers	1,078,452	740,397	466,096	217,995	177,303
Advances under finance lease	10,835	11,769	10,297	3,043	1,701
Investment securities	64,737	45,524	53,711	56,869	60,875
Investment in associates	3,248	2,884	371	74	-
Investment in subsidiaries	-	1,510	60	50	-
Trading securities	221,863	151,111	100,665	75,847	-
Managed funds	84,630	36,894	56,021	22,070	-
Other assets	55,226	51,884	44,275	31,664	31,851
Investment property	6,631	6,098	1,974	186	-
Property and equipment	47,980	39,695	30,054	17,548	14,222
Goodwill	-	-	-	-	1,984
	2,172,346	2,009,914	1,528,234	911,427	616,824
Financed by:
Share capital	14,504	12,432	9,945	5,238	2,619
Reserves	295,054	324,973	341,909	78,389	61,658
Customer deposits	1,339,142	1,194,455	700,182	599,689	448,915
Due to other banks	173,280	170,410	155,109	85,664	323
Liability on investment contracts	148,224	93,296	62,514	22,070	-
Borrowings	35,473	35,042	29,414	22,101	-
Current income tax	19,625	11,283	8,986	7,470	5,142
Other liabilities	135,707	154,057	213,432	88,149	95,421
Deferred income tax liabilities	10,612	13,634	6,743	2,657	2,746
Retirement benefit obligations	725	332	-	-	-
	2,172,346	2,009,914	1,528,234	911,427	616,824
Acceptances and guarantees	972,601	696,378	544,959	344,155	115,961
Gross earnings	196,408	218,287	155,725	91,163	67,440
Net operating income	130,524	160,730	124,156	72,806	57,400
Operating expenses	(78,339)	(90,141)	(33,787)	(24,501)	(10,040)
Provision for losses	(40,600)	(16,790)	(6,028)	(2,021)	(3,985)
Profit before taxation	11,585	53,799	47,906	25,854	21,833
Exceptional items	-	(26,113)	-	-	-
Taxation	(8,396)	(15,117)	(11,227)	(5,218)	(4,450)
To shareholders	3,189	12,569	36,679	20,636	17,383
Earnings per share (basic)	11k	51k	267k	178k	294k