HFC BANK GHANA LIMITED FACTS BEHIND THE FIGURES

HFC BANK (GHANA) LIMITED FACTS BEHIND THE FIGURES (YEAR END 2014) www. hfcbank. com. gh

60. 00% 57. 11% 52. 80% 50. 00% 40. 00% 30. 00% 29. 40% 20. 00% 25. 87% 10. 43% 10. 00% 9. 28% 0. 00% 2014 2013 CIR ROE NPL www. hfcbank. com. gh

q Operating income up by 56% to GH¢ 199 million. q Key Drivers Yo. Y: Ø Strong growth in Trading Income Ø Resilient interest income, & fee and commission income 2013 2014 Net Interest Income 5% 14% 19% Net Fee and Commission Income 62% Other Operating Income 5% 20% Trading Income www. hfcbank. com. gh 13% 63% Net Interest Income Net Fee and Commission Income Other Operating Income Trading Income

140, 000 124, 250, 7 76 54 120, 000 % Key Drivers: 100, 000 80, 652, 260 80, 000 60, 000 q 40% growth in Earning Assets: GH¢ 1, 025 million in 2014 (2013: GH¢ 734 million) q Higher Net Interest Margin: 12. 11% in 2014 verses 10. 98% in 2013 40, 000 20, 000 - 2014 2013 www. hfcbank. com. gh

120, 000 113, 727, 0 40 58. 00% 57. 11% 57. 00% q Operating expenses up 69% to GH¢ 114 million 100, 000 56. 00% 80, 000 67, 460, 692 60, 000 55. 00% 54. 00% 52. 80% 40, 000 53. 00% 52. 00% 20, 000 51. 00% - 50. 00% 2014 Operating Expenses 2013 Cost-to-Income www. hfcbank. com. gh q Key Drivers: § Interest Expense on Source of Funds. § Increase in staff expenses. The average number of staff during the year was 939 (2013: 723), comprising: v HFC Bank – 687 v HFC Inv. – 22 v HFC Realty - 12 v HFC Boafo – 218 § Impairment Charge for Loans. q Cost income ratio (CIR) was 57. 11% compared to 52. 80% in 2013.

80, 000 30. 0% 29. 39% 70, 000 73, 590, 000 29. 0% 60, 000 q PBT up 41% to GH¢ 73. 59 million. 28. 0% 52, 058, 777 50, 000 q PAT up 46% to GH¢ 57. 42 million. 40, 000 30, 000 27. 0% 57, 418, 000 20, 000 25. 87% 26. 0% q Yo. Y performance boosted by higher revenues and efficiency gains. 25. 0% q ROE increased significantly to 29. 40% verses 25. 87% in 2013. 39, 332, 156 10, 000 - 24. 0% 2014 Profit Before Tax 2013 Profit After Tax ROE www. hfcbank. com. gh

Total Assets 595 1, 500 1, 000 500 - 1, 343 999 2012 2013 2014 Years Cash and Balances with Bank of Ghana Government Securities Loans & Advances to Customers 2014 187, 723, 0 37 298, 528, 3 09 658, 010, 7 18 www. hfcbank. com. gh 2013 184, 337, 2 84 134, 782, 8 71 519, 318, 9 55 ∆Y/Y 1. 84% 121. 49% 26. 71%

q. Gross customer loans were GH¢ 683. 78 million, up GH¢ 140. 3 million or 26% q Growth reflected ongoing strategic initiative, including improving effectiveness of credit origination, appraisal, approvals and turnaround times for credit extension www. hfcbank. com. gh

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2013 2014 27% 31% 46% 27% Demand Accounts Saving Deposits 28% Time Deposits Demand Accounts www. hfcbank. com. gh Saving Deposits Time Deposits

2014 5% 18% 52% 19% 6% Deposit Bonds Equity Borrowed Funds Other Liabilities www. hfcbank. com. gh

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248, 736, 000 250, 000 200, 000 172, 730, 513 132, 945, 604 150, 000 100, 000 50, 000 2012 2013 www. hfcbank. com. gh 2014

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HFC BANK (GHANA) LTD THANK YOU FOR YOUR ATTENTION www. hfcbank. com. gh