WEMA BANK Plc FY:2017 Result - Financial Highlights (NGN Billion)

Statement of Comprehensive Income FY:2017 FY:2016 Y-o-Y Growth

Gross Earnings 65.3 53.8 21.2%
Interest Income 53.1 44.4 19.4%
Interest Expense (33.3) (25.8) 29.3%
Net Interest income 19.8 18.7 5.8%
Credit impairment charges (or Write backs) (2.2) (0.4) 429%
Investment and Other Operating Income 12.2 9.8 24.4%
OPEX (26.8) (24.8) 8.0%
PBT 3.0 3.3 -8.2%
Taxation (0.8) (0.7) 10.1%
PAT 2.3 2.6 -13.0%
Per share data WEMABANK Corporate Actions
Current Price 0.77 Proposed Dividend N/A
EPS 0.06
BVPS 1.3 Dividend Yield N/A
Price multiples/Ratios
Shares outstanding(bn) 38.6 Qualification Date N/A
P/E 13.2x
P/BV 0.6x Closure Date N/A
RoAE 4.6%
RoAA 0.6% Payment Date N/A
Net Interest Margin 6.2%
Cost of Funds 9.9% AGM Venue N/A
Cost to Income 83.8% 88.3%
Loan to Deposit Ratio 76.8% 70.8% AGM Date N/A
Cost of Risk 1.0% 0.2%
Net Margin 3.5% 4.8%
Statement of Financial Position FY 2017 FY 2016 Y-o-Y Growth
Cash and Bank Balances 22.4 27.6 -18.8%
Total Loans and advances 215.8 227.0 -4.9%
Financial Assets 69.9 78.5 -11.0%
Total Assets 388.2 424.0 -8.5%
Total Equity 49.6 48.5 2.4%
Total Deposits 281.0 320.7 -12.4%
Total Borrowings 39.5 32.1 22.9%
Total Liabilities 338.5 375.6 -9.9%