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
www. hfcbank. com. gh
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
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