UD4040:
[quote author=Godisfaithful - sent u a mail- pls kindly respond- tnks

Response sent madam!

Princkez:
FBNH.... 15k dividend

Upon all this waiting game.... Anyways, this one go do to buy engine oil

pls what is FBNH PAT Q1 2016

angelo82:
FBN HOLDINGS PLC. REPORTS 4.9% RISE IN GROSS EARNINGS TO N505.2 BILLION FOR THE FULL YEAR ENDED 31 DECEMBER 2015

FBN Holdings Plc. (“FBNH” or “FBNHoldings” or the “Group”) today announces its audited results for the full year ended 31 December 2015.

Income Statement
Gross earnings of N505.2 billion, up 4.9% year-on-year (Dec 2014: N481.8 billion)
Net interest income of N265.0 billion, up 8.7% year-on-year (Dec 2014: N243.9 billion)
Non-interest income of N99.4 billion, down 12.0% year-on-year (Dec 2014: N112.99 billion)
Operating income of N364.4 billion, up 2.3% year-on-year (Dec 2014: N356.2 billion)
Impairment charge for credit losses of N119.3 billion (Dec 2014: N25.9 billion)
Operating expenses of N223.6 billion, down 5.6% year-on-year (Dec 2014: N236.8 billion)
Profit before tax of N21.5 billion, down 77.1% year-on-year (Dec 2014: N94.1 billion)
Profit after tax of N15.1 billion, down 82.0% year-on-year (Dec 2014: N84.0 billion)

Statement of Financial Position
Total assets of N4.2 trillion, down 4.1% year-on-year (Dec 2014: N4.3 trillion)
Customer deposits of N2.97 trillion, down 2.6% year-on-year (Dec 2014: N3.1 trillion)
Customer loans and advances (net) of N1.8 trillion, down 16.6% year-on-year (Dec 2014: N2.2 trillion)

Key Ratios
Post-tax return on average equity of 2.7% (Dec 2014: 16.9%)
Post-tax return on average assets of 0.4% (Dec 2014: 2.0%)
Net interest margin of 8.1% (Dec 2014: 7.6%)
Cost to income ratio of 61.4% (Dec 2014: 66.5%)
NPL ratio of 18.1% (Dec 2014: 2.9%)
58.6% liquidity ratio (FirstBank (Nigeria)) (Dec 2014: 44.0%)
17.1% Basel 2 CAR (FirstBank (Nigeria)) (Dec 2014: 15.8%)
24.9% Basel 2 CAR (FBN Merchant Bank) (Dec 2014: 22.5%)

E no go better for Wale Tinubu and SeaWolf

hi everybody, just joining the forum and seeing fbnh result, is it good to buy fbnh now?

Princkez:
pls what is FBNH PAT Q1 2016

20.72b, 57k EPS, Impairment for credit losses 12.754b

angelo82:
FBN HOLDINGS PLC. REPORTS 4.9% RISE IN GROSS EARNINGS TO N505.2 BILLION FOR THE FULL YEAR ENDED 31 DECEMBER 2015

Income Statement
...
Profit before tax of N21.5 billion, down 77.1% year-on-year (Dec 2014: N94.1 billion)
Profit after tax of N15.1 billion, down 82.0% year-on-year (Dec 2014: N84.0 billion)

Key Ratios
Cost to income ratio of 61.4% (Dec 2014: 66.5%)
NPL ratio of 18.1% (Dec 2014: 2.9%)
..

Mhen, this is serious o. NPL ratio at [size=13pt]18.1%[/size]

9free:


E no go better for Wale Tinubu and SeaWolf

what about the mgt , dem bisi & co ..na shareholders dey suffer most

FBN HOLDINGS PLC. REPORTS PROFIT BEFORE TAX OF N22.1 BILLION FOR THE THREE MONTHS ENDED 31 MARCH 2016

FBN Holdings Plc. (“FBNH” or “FBN Holdings” or the “Group”) today announces its unaudited results for the three months ended 31 March 2016.

Income statement
Gross earnings of N107.5 billion, down 15.2% year-on-year (Mar 2015: N126.8 billion)
Net-interest income of N63.9 billion, up 7.2% year-on-year (Mar 2015: N59.6 billion)
Non-interest income of N21.89 billion, down 25.2% year-on-year (Mar 2015: N29.3 billion)
Operating income of N85.8 billion, down 3.4% year-on-year (Mar 2015: N88.8 billion)
Impairment charge for credit losses of N12.8 billion (Mar 2015: N4.1 billion)
Operating expenses of N50.96 billion, down 11.8% year-on-year (Mar 2015: N57.8 billion)
Profit before tax of N22.1 billion, down 18.2% year-on-year (Mar 2015: N26.9 billion)
Profit after tax: N20.7 billion, down 8.3% year-on-year (Mar 2015: N22.6 billion)

Statement of financial position
Total assets of N4.1 trillion, marginally lower by 0.6% year-to-date (Dec 2015: N4.2 trillion)
Customer deposits of N2.8 trillion, down 4.6% year-to-date (Dec 2015: N2.97 trillion)
Customer loans and advances (net) of N1.76 trillion, down 3.0% year-to-date (Dec 2015: N1.82 trillion)

Key Ratios
Post-tax return on average equity of 14.4% (Mar 2015: 17.0%)
Post-tax return on average assets of 2.0% (Mar 2015: 2.0%)
Net-interest margin of 8.1% (Mar 2015: 6.9%)
Cost to income ratio of 59.4% (Mar 2015: 65.1%)
NPL ratio of 21.5% (Mar 2015: 3.8%)
58.2% liquidity ratio (FirstBank (Nigeria)) (Mar 2015: 41.0%, Dec 2015: 58.6%)
17.2% Basel 2 CAR (FirstBank (Nigeria)) (Mar 2015: 15.5%, Dec 2015: 17.1%)
16.6% Basel 2 CAR (FBN Merchant Bank) (Dec 2015: 24.9%)

9free:


E no go better for Wale Tinubu and SeaWolf

Pls direct your anger towards the BOARD. In my opinion the whole Board should just go. They have proved over and over again that they are just not competent.

Princkez:
pls what is FBNH PAT Q1 2016

FBNH Q1 2016 PAT is N20B

rebekah2011:


Pls direct your anger towards the BOARD. In my opinion the whole Board should just go. They have proved over and over again that they are just not competent.

Exactly! Looks like the board is working for Oando. lol

carpenter:


Exactly! Looks like the board is working for Oando. lol

I think most of the impairment is South Atlantic not Oando

angelo82:
FBN HOLDINGS PLC. REPORTS 4.9% RISE IN GROSS EARNINGS TO N505.2 BILLION FOR THE FULL YEAR ENDED 31 DECEMBER 2015

FBN Holdings Plc. (“FBNH” or “FBNHoldings” or the “Group”) today announces its audited results for the full year ended 31 December 2015.

Income Statement
Gross earnings of N505.2 billion, up 4.9% year-on-year (Dec 2014: N481.8 billion)
Net interest income of N265.0 billion, up 8.7% year-on-year (Dec 2014: N243.9 billion)
Non-interest income of N99.4 billion, down 12.0% year-on-year (Dec 2014: N112.99 billion)
Operating income of N364.4 billion, up 2.3% year-on-year (Dec 2014: N356.2 billion)
Impairment charge for credit losses of N119.3 billion (Dec 2014: N25.9 billion)
Operating expenses of N223.6 billion, down 5.6% year-on-year (Dec 2014: N236.8 billion)
Profit before tax of N21.5 billion, down 77.1% year-on-year (Dec 2014: N94.1 billion)
Profit after tax of N15.1 billion, down 82.0% year-on-year (Dec 2014: N84.0 billion)

Statement of Financial Position
Total assets of N4.2 trillion, down 4.1% year-on-year (Dec 2014: N4.3 trillion)
Customer deposits of N2.97 trillion, down 2.6% year-on-year (Dec 2014: N3.1 trillion)
Customer loans and advances (net) of N1.8 trillion, down 16.6% year-on-year (Dec 2014: N2.2 trillion)

Key Ratios
Post-tax return on average equity of 2.7% (Dec 2014: 16.9%)
Post-tax return on average assets of 0.4% (Dec 2014: 2.0%)
Net interest margin of 8.1% (Dec 2014: 7.6%)
Cost to income ratio of 61.4% (Dec 2014: 66.5%)
NPL ratio of 18.1% (Dec 2014: 2.9%)
58.6% liquidity ratio (FirstBank (Nigeria)) (Dec 2014: 44.0%)
17.1% Basel 2 CAR (FirstBank (Nigeria)) (Dec 2014: 15.8%)
24.9% Basel 2 CAR (FBN Merchant Bank) (Dec 2014: 22.5%)

Impairment charge for credit loss was 32% of Operating Income and more than 460% more than 2014. Then we have a Cost-to-income ratio of 61.4% (i.e. for every one naira generated, about 61.4 kobo was incurred). And most importantly, a Non Performing Loan of 18.1% (more than 600% increase over 2014). Not a good result. Too much exposure to certain high risk ventures.

Someone already paid the price. The Risk Manager was probably asked to leave.

kaboninc:


Impairment charge for credit loss was 32% of Operating Income and more than 460% more than 2014. Then we have a Cost-to-income ratio of 61.4% (i.e. for every one naira generated, about 61.4 kobo was incurred). And most importantly, a Non Performing Loan of 18.1% (more than 600% increase over 2014). Not a good result. Too much exposure to certain high risk ventures.

Someone already paid the price. The Risk Manager was probably asked to leave.

All of them should go.

RESULTS ANNOUNCEMENT FBN HOLDINGS PLC. APRIL 26, 2016 AUDITED CONSOLIDATED FINANCIAL STATEMENTS (DECEMBER 2015)

PROFIT AND LOSS INFORMATION

GROSS EARNINGS: 15 N505.191B 14 N481.774B
PROFIT BEFORE TAX: 15 N21.512B 14 N94.056B
INCOME TAX EXPENSE: 15 N6.364B 14 N10.045B
PROFIT AFTER TAX: 15 N15.148B 14 N84.011B
EARNINGS PER SHARE: (Kobo) 15 43k 14 235k

CORPORATE ACTIONS PROPOSED DIVIDEND – 15k PROPOSED
BONUS – NIL
QUALIFICATION DATE – MAY 06, 2016
CLOSURE DATE – MAY 09 – 13, 2016 (BOTH DATES INCLUSIVE)
AGM DATE – MAY 26, 2016
PAYMENT DATE – MAY 30, 2016
AGM VENUE – EKO HOTEL AND SUITES, PLOT 1415 ADETOKUNBO ADEMOLA STREET, VICTORIA ISLAND, LAGOS

Why is FBNH price not falling? Wonders shall not end!

rebekah2011:


All of them should go.

Doesn't work that way.

The Risk Guy has taken the fall for it. I've not seen the result though but my guess will be that the exposure was to the Oil Sector. And we all know what recently happened to that sector since 2014. From reports too, First Bank has been the major lender to the Oil Industry most especially the Up Stream segment - funding exploration and production of both crude oil and gas.

EDUECO:
Why is FBNH price not falling? Wonders shall not end!

No be today. Investors eyes will soon clear that this is a glorified bank. The Board should go.

EDUECO:
Why is FBNH price not falling? Wonders shall not end!

Because the Q1 2016 has massaged the impact of the 2015 bad result

The result is very bad but the elephant was strong to overcome the impairment and still declared profit.
It will still fly based on good will and hopes for Q2.

[quote author=Godisfaithful post=45057435][/quote]thanks

kaboninc:


Doesn't work that way.

The Risk Guy has taken the fall for it. I've not seen the result though but my guess will be that the exposure was to the Oil Sector. And we all know what recently happened to that sector since 2014. From reports too, First Bank has been the major lender to the Oil Industry most especially the Up Stream segment - funding exploration and production of both crude oil and gas.

The risk guy was not sacked but was retired and paid his entitlements for a shoddy job done. But there was an MD and a BOARD. So when you lend there should not be adequate measure in place for the recovery of the funds. The impairment of 120b is just a fraction of the credits going bad. We could be looking at over 400-500b

I have just bought fbnh now at 3.40 cos of q1 result. I hope i have not entered one chance

At least u bought cheaper than ppl DT bought for 3.5naira 15naira

JESUSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS CHRIST... A WHOLE FIRSTBANK NOW LASTBANK.. fcmb now better than this bank..

nija4us:
I have just bought fbnh now at 3.40 cos of q1 result. I hope i have not entered one chance

You are the pilot and CEO of your portfolio.

Jesus is lord for ur life

We shall overcome someday eeee