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FIRST BANK OF NIGERIA PLC

Nature of Business: Commercial banking.

Head Office Address: Samuel Asabia House, 35, Marina, P.O.Box 5216, Lagos.

Telephone: (002341) 2663562, 2665900-20.

Fax:  2665933, 2669073.

Telex: 22157 WIGTIP.

Website: http://www.firstbanknigeria.com/

Date of Incorporation: 1969.

Date Listed on the Lagos Stock Exchange: 1979.

Joint Auditors: KPMG Audit & Adetona Isiche and Company (Chartered Accountants), Lagos.

End of Accounting Year: 31st, December.

5-Year Financial Summary

 

First Bank of Nigeria PLC   5Year Financial Summary   1993 - 1998

 

CAPITAL EMPLOYED (31.12. To 31.3.) 1998 1996 1995 1994 1993
N'm N'm N'm N'm N'm
Cash, Bank Balances and Bills Discounted 55,176 50,042 40,897 25,002 19,296
Investments 227 175 151 91 67
Loss and Advances 28,430 17,108 12,666 6,164 3,235
Other Assets 12,776 5,122 6,135 4,277 2,673
Equipment on Lease 878 570 345 69 32
Fixed Assets 4,932 4,252 3,678 1,228 883
Total Assets 102,418 77,269 63,872 36,831 26,186

LIABILITIES:
Deposits 70,697 58,214 43,464 25,022 17,864
Taxation 959 356 342 486 464
Dividend 1,169 437 467 241 161
Other Liabilities 19,131 11,244 13,335 8,872 5,984
91,956 70,251 57,608 34,621 24,473
Shareholders' Fund 9,897 6,759 6,059 2,049 1,616
Minority Interests 565 259 205 161 97
102,418 77,269 63,872 36,831 26,186

Gross Earnings 15,518 10,995 8,980 5,914 5,390
Profit before Tax 2,835 1,385 1,238 1,179 1,196
Profit after Tax 2,027 1,202 1,009 756 741
Profit Attributable to Shareholders 1,876 1,120 937 675 678

DIVIDEND
Ordinary Shares 1,041 337 377 215 151
Earnings per Ordinary Share in kobo( Actual)) 180 166 174 157 315
Earnings per Ordinary Share in kobo (Adjusted) 180 108 93 81 81
Dividend per Ordinary Share in kobo (Actual) 100 56 70 50 70
Dividend per Ordinary Share in kobo (Adjusted) 100 36 36 21 14
Dividend Cover (Times) 1.80 2.97 2.50 3.10 4.50

Earnings and dividend per share are based on profit after tax and 1,040,616,251 ordinary shares of 50kobo each.

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