bosmeld
Forumer storico
il problema è trovare isin di sto titolo
è un po una chicca, è l'unico titolo emesso fuori africa
lo cerco cmq solo per curiosità... per vedere quanto quota...
certo se quotasse molto basso...
first bank poi in nigeria è la prima banca e va pure niente male...
First Bank was the first listed company in Nigeria to make a jumbo offer of N100 billion in 2007. The hybrid offer was subscribed to the tune of 147 per cent. The bank was only allowed to absorb N250 billion out of the N472 billion realised from the offer.
Since then, no other institution has successfully raised such an amount from the stock market. Union Bank of Nigeria Plc had last year planned to raise about N302 billion through a hybrid offer of public offer and right issue.
However, the offer was cancelled due to the global financial crisis that affected stock markets, including Nigeria. Analysts said that given the competition in the financial industry, First Bank needs not to only expand its operations but also has to further upgrade its information technology and human capital among others.
First Bank recorded gross earnings of N218.3 billion for its year ended March 31, 2009, indicating an increase of 40 per cent over the N155.7 billion in 2008. Total assets of the bank stood at N2 trillion, an increase of 32 per cent above the N1.5 trillion in 2008. Deposit liabilities grew by 71 per cent from N700 billion to N1.2 trillion, while loans and advances rose by 59 per cent from N466 billion to N740.4 billion.
However, profit before tax fell by 42 per cent from N47.9 billion to N27.7 billion, while net profit stood at N12.6 billion, depicting a decrease of 66 per cent from N36.7 billion in 2008.
The dip resulted from the N26.1 billion provision made for the decrease in value of the bank's investments in its asset management and trusteeship business. Despite the fall in profit, board of the bank has recommended dividend of N34 billion, which translates to N1.35 per share. Besides the dividend, which is 13 per cent above the N1.20 per share paid last year, is being accompanied with a bonus issue of one new share for every six shares already held.
The Group Managing Director of First Bank, Mr. Olabisi Onasanya, said that despite the challenging market conditions, the bank continued to capitalise on its well established value chain in Nigeria's financial services sector and had achieved another year of strong organic revenue growth.
He said: "Recognition of the bank as one of the strongest and most dependable banks in Nigeria, especially in a time of global downturn has driven considerable growth in our deposit base, with the total group's deposit liabilities increasing by 71 per cent to N1.2 trillion.
Furthermore, strong year-on-year growth was recorded across all business lines. This is a fantastic achievement and First Bank is well positioned to continue to grow its asset base supported by a sustained robust capital position with a strong capital adequacy ratio of 24.69 per cent and stable funding."
He added: "Going forward, our growth aspirations will be driven by our commitment to attain the full benefits of scale and scope by accelerating growth and diversification of assets, revenue and profit.
è un po una chicca, è l'unico titolo emesso fuori africa
lo cerco cmq solo per curiosità... per vedere quanto quota...
certo se quotasse molto basso...
first bank poi in nigeria è la prima banca e va pure niente male...
First Bank was the first listed company in Nigeria to make a jumbo offer of N100 billion in 2007. The hybrid offer was subscribed to the tune of 147 per cent. The bank was only allowed to absorb N250 billion out of the N472 billion realised from the offer.
Since then, no other institution has successfully raised such an amount from the stock market. Union Bank of Nigeria Plc had last year planned to raise about N302 billion through a hybrid offer of public offer and right issue.
However, the offer was cancelled due to the global financial crisis that affected stock markets, including Nigeria. Analysts said that given the competition in the financial industry, First Bank needs not to only expand its operations but also has to further upgrade its information technology and human capital among others.
First Bank recorded gross earnings of N218.3 billion for its year ended March 31, 2009, indicating an increase of 40 per cent over the N155.7 billion in 2008. Total assets of the bank stood at N2 trillion, an increase of 32 per cent above the N1.5 trillion in 2008. Deposit liabilities grew by 71 per cent from N700 billion to N1.2 trillion, while loans and advances rose by 59 per cent from N466 billion to N740.4 billion.
However, profit before tax fell by 42 per cent from N47.9 billion to N27.7 billion, while net profit stood at N12.6 billion, depicting a decrease of 66 per cent from N36.7 billion in 2008.
The dip resulted from the N26.1 billion provision made for the decrease in value of the bank's investments in its asset management and trusteeship business. Despite the fall in profit, board of the bank has recommended dividend of N34 billion, which translates to N1.35 per share. Besides the dividend, which is 13 per cent above the N1.20 per share paid last year, is being accompanied with a bonus issue of one new share for every six shares already held.
The Group Managing Director of First Bank, Mr. Olabisi Onasanya, said that despite the challenging market conditions, the bank continued to capitalise on its well established value chain in Nigeria's financial services sector and had achieved another year of strong organic revenue growth.
He said: "Recognition of the bank as one of the strongest and most dependable banks in Nigeria, especially in a time of global downturn has driven considerable growth in our deposit base, with the total group's deposit liabilities increasing by 71 per cent to N1.2 trillion.
Furthermore, strong year-on-year growth was recorded across all business lines. This is a fantastic achievement and First Bank is well positioned to continue to grow its asset base supported by a sustained robust capital position with a strong capital adequacy ratio of 24.69 per cent and stable funding."
He added: "Going forward, our growth aspirations will be driven by our commitment to attain the full benefits of scale and scope by accelerating growth and diversification of assets, revenue and profit.
