5 Year Financial Summary print
  2009   2008   2007   2006   2005
  N'000   N'000    N'000   N'000   N'000
Assets:                  
Cash and balances with Central Bank of Nigeria 50,223,343   60,021,067   78,928,707   31,066,966   11,258,118
Treasury bills and other eligible bills 9,087,437   42,059,448   40,518,896   46,275,128   34,757,534
Due from other banks 130,568,284   127,603,340   25,055,982   21,230,190   11,504,726
Loans and advances 289,265,955   231,445,158   96,384,941   77,929,985   40,822,966
Advances under finance lease 6,150,488   11,500,680   8,050,730   4,090,171   2,058,486
Other facilities 23,471,028   18,317,241   7,742,372   4,524,679   6,641,390
Investment securities 40,302,632   26,669,535   9,989,680   3,037,391   1,417,522
Investment in subsidiaries 16,442,980   11,682,980   8,983,852   2,725,893   485,893
Goodwill  -   -   -   -   -   
Deferred tax assets 3,340,135   1,049,505   398,624   300,850   68,744
Other assets 50,012,610   46,815,911   20,243,155   19,339,239   12,757,879
Property and equipment 32,026,944   26,161,675   15,952,784   8,345,700   3,221,699
  650,891,836   603,326,540   312,249,721   218,866,192   124,994,957
Financed by:                  
Share capital 7,237,622   6,579,656   4,699,957   3,801,804   3,037,607
Reserves 109,307,298   110,403,352   49,191,821   26,986,096   17,672,243
Customer deposits 444,815,118   403,710,120   211,634,824   144,569,685   74,776,559
Due to other banks 3,446,876   6,383,845   14,743,860   2,502,714   1,390,999
Borrowings 23,708,109   18,587,249   7,820,578   8,915,922   6,708,476
Current income tax 3,331,891   2,691,903   1,568,695   1,269,247   890,371
Dividend payable 163,563   -   -   -      -   
Other liabilities 54,558,873   51,214,901   20,287,953   28,840,526   19,358,498
Deferred income tax liabilities 3,507,300   2,527,556   1,318,927   927,827   485,193
Retirement benefit obligations 815,186   1,227,958   983,108   1,052,371   675,011
  650,891,836   603,326,540   312,249,721   218,866,192   124,994,957
                   
Acceptances and guarantees 97,928,053   140,358,013   93,883,063   36,453,242   10,649,386
                   
                   
  2009   2008   2007   2006   2005
  N'000   N'000    N'000    N'000   N'000
Net operating income 66,598,400   44,211,851   29,443,918   17,360,333   12,153,812
Operating expenses -36,504,408   -24,570,069   -18,665,528   -16,087,700   -7,876,222
Provision for losses -21,750,254   -4,582,668   -1,985,615   -162,109   -755,273
Profit before taxation 8,343,738   15,059,114   8,792,775   1,110,524   3,522,317
Taxation -1,412,611   -3,237,103   -1,862,021   -1,442,649   -995,765
Profit after taxation  6,931,127   11,822,011   6,930,754   -332,125   2,526,552
                   
Earnings per share (basic) 48k   110k   89k    -5k     20k 
Earnings per share (diluted) 48k   110k   89k    -5k     20k 
Earnings per share (adjusted) 48k   90k   53k    -3k    19k