United Bank for Africa Plc UBA Plc first half 2011 results - - PowerPoint PPT Presentation

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Cost-to-income ratio down to 77.2%, as

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Financial ratios are looking up: cost-to-income

improves to 78.6% and pre-tax ROE higher at 1.1%.

Stronger performance expected by FY11, as

Ghana, B/Faso, Cameroon, Guinea, Benin, Kenya, S enegal, Zambia, Chad, S/Leone and Tanzania deliver month/month profits.

N'million 1H10 1H11 % Chg Gross earnings 10,475 14,754 41% Net interest income 3,476 6,019 73% Fee-based income 4,730 6,408 35% Operating income 8,206 13,357 63% Operating cost (8,651) (10,494) 21% Profit before tax (467) 383 182% Key Ratios Cost-to-income ratio 105.4% 78.6% Fee-based/revenue 45.2% 43.4% fund-based/revenue 54.8% 56.6%

• UBA Plc first half 2011 results presentation

United Bank for Africa Plc

deliver month/month profits.

The remaining seven are mostly new businesses. fund-based/revenue 54.8% 56.6%

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Key Ratios Cost-to-income ratio

37.1% 32.0%

Equity-to-asset ratio

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Annualized pre-tax return on equity

27.7% 48.8%

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United Bank for Africa Plc

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SECTOR Exposure (N'mn) % exposure Oil and gas 131,701 17.4% Financial institutions 115,046 15.2% Consumer/retail 114,509 15.1% Telecommunications 74,276 9.8% Manufacturing 62,129 8.2% Government 52,507 6.9% GeneraL commerce 51,406 6.8% Reasl estate/constrtn 50,891 6.7% Agriculture 45,786 6.0%

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United Bank for Africa Plc

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Agriculture 45,786 6.0% Transportation 38,817 5.1% Power 8,989 1.2% Education 3,531 0.5% Services 3,171 0.4% Others 2,202 0.3% Health 2,126 0.3% TOTAL 757,086 100.0%

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