DIAMOND BANK PLC

AIICO INSURANCE PLC

UNION BANK OF NIGERIA PLC

UNAUDITED 9 MONTHS RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER, 2017

UNAUDITED 9 MONTHS RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER, 2017

UNAUDITED 9 MONTHS RESULTS FOR THE PERIOD ENDED 30TH SEPTEMBER, 2017

Sector:

FINANCIAL SERVICE

Sector:

FINANCIAL SERVICE

Sector:

FINANCIAL SERVICES

Per share Data

Per share Data

Per share Data

Current Price (N)

1.02

Current Price (N)

0.54

Current Price (N)

6.19

52 Weeks High/Low (N)

1.51/0.78

52 Weeks High/Low (N)

0.67/0.50

52 Weeks High/Low (N)

6.23/4.11

Shares Outstanding

                                           23,160,388,968

Shares Outstanding

                                       6,930,204,480

Shares Outstanding

                                          16,935,806,471

Market Capitalisation

23,623,596,747.36

Market Capitalisation

3,742,310,419.20

Market Capitalisation

104,832,642,055.49

Period

9M'17

9M'16

% Growth

Period

9M'17

9M'16

Growth (%)

Period

9M'17

9M'16

% Growth

Income Statement

N' Million

N' Million

Income Statement

N' Million

N' Million

Income Statement

N' Million

N' Million

Gross Earnings

      168,413.76

      151,108.76

11.45

Gross Premium Written

   23,508.94

    21,002.61

11.93

Gross Earnings

     109,513.00

      94,759.00

15.57

Interest and similar Income

      131,651.07

     107,357.67

22.63

Gross Premium Income

    17,265.55

    19,232.94

-10.23

Interest Income

      88,470.00

      72,290.00

22.38

Interest and similar Expense

     (42,148.83)

     (28,942.88)

45.63

Reinsurance Expenses

   (2,729.23)

    (2,457.71)

11.05

Interest Expenses

     (41,564.00)

    (24,220.00)

71.61

Net interest Income

       89,502.24

       78,414.79

14.14

Net Premium Income

    14,536.31

    16,775.23

-13.35

Net Interest income

      46,906.00

      48,070.00

-2.42

Impairment Charge for Credit Losses

     (35,302.68)

     (40,261.47)

-12.32

Fee and Commission Income

Net Impairment Charge for Credit Losses

      (6,009.00)

    (12,870.00)

-53.31

Net Interest Income after Impairment Charge for Credit Losses

       54,199.56

       38,153.32

42.06

Insurance Contact

        523.30

        555.88

-5.86

Net Interest Income after impairment Charges for Credit Losses

      40,897.00

      35,200.00

16.18

Fee and Commission income

       32,588.42

        33,152.51

-1.70

Pension and other Contacts

      1,196.80

      1,187.06

0.82

Net Fee and Commission Income

         7,110.00

        8,289.00

-14.22

Fee and Commission expense

       (6,022.57)

       (6,125.96)

-1.69

Net Underwriting Income

    16,256.41

     18,518.17

-12.21

Net trading income

        5,763.00

        5,148.00

11.95

Net Fee and Commission Income

       26,565.85

       27,026.55

-1.70

Claims Expenses (Net)

  (14,964.21)

  (10,806.25)

38.48

Cash Recoveries

         2,021.00

           923.00

118.96

Net Trading income

         3,691.86

         8,923.00

-58.63

Underwriting Expenses

    (2,129.84)

    (2,351.55)

-9.43

Net income from other financial instruments at fair value through profit or loss

             44.00

                   -  

-

Other Income

            482.41

         1,675.58

-71.21

Total Underwriting Expenses

  (17,094.06)

  (13,157.80)

29.92

Gain on disposal of subsidiaries

           318.00

-

Net Operating Income

       84,939.68

       75,778.45

12.09

Underwriting Profit/(Loss)

      (837.65)

     5,360.37

-115.63

Other operating income

         6,105.00

        7,791.00

-21.64

Personnel Expenses

     (23,898.87)

     (25,144.79)

-4.95

Investment Income

     6,245.75

     5,369.70

16.31

Non-interest income

       21,043.00

      22,469.00

-6.35

Depreciation and Amortization

       (7,322.88)

       (6,567.29)

11.51

Profit from Deposit Administration

         167.53

         116.75

43.49

Operating Income

       61,940.00

      57,669.00

7.41

Operating Lease Expenses

          (842.61)

          (863.40)

-2.41

Net Realised Gains

      2,219.86

          22.95

9572.15

Net impairment write-back/(loss) on other financial assets

            102.00

           165.00

-38.18

Other Operating Expenses

     (46,203.25)

     (39,310.72)

17.53

Net Fair Value (Losses)/Gains

          37.28

            6.00

521.37

Net operating income after net impairment write-back/(loss) on other financial assets

      62,042.00

      57,834.00

7.28

Total expenses

     (78,267.61)

      (71,886.19)

8.88

Other Operating Income

        806.82

         656.12

22.97

Personnel expenses

    (23,279.00)

    (22,587.00)

3.06

Profit Before Income Tax

         6,672.08

         3,892.26

71.42

Personnel Expenses

    (2,195.48)

   (2,048.50)

7.17

Depreciation and amortisation

      (4,453.00)

      (3,816.00)

16.69

Income Tax Expense

          (761.33)

           (381.13)

99.76

Other Operating Expense

    (3,191.53)

    (4,540.13)

-29.70

Other operating expenses

     (21,312.00)

     (18,156.00)

17.38

Profit for the Year

         5,910.74

          3,511.13

68.34

Finance Cost

       (481.43)

       (124.40)

287.01

Total expenses

   (49,044.00)

    (44,559.00)

10.07

OTHER COMPREHENSIVE INCOME

Impairment Loss on Financial Assets

           (1.45)

                -  

-

Profit Before Income Tax

       12,998.00

      13,275.00

-2.09

Foreign currency translation differences for foreign operations

         3,152.25

         9,769.88

-67.74

Profit Before Tax

     2,769.69

      4,818.86

-42.52

Income Tax Expense

         (588.00)

         (263.00)

123.57

Fair value (loss) / gain on available-for-sale investments

             112.00

            (93.81)

-219.39

Income Taxes

      (345.96)

    (1,775.63)

-80.52

Profit After Tax

       12,410.00

       13,012.00

-4.63

Total comprehensive income for the period, net of tax

         9,174.99

        13,187.20

-30.42

Profit After Tax

     2,423.73

     3,043.23

-20.36

Balance Sheet

9M'17

9M'16

% Growth

Profit attributable to:

Profit Attributable to;

N' Million

N' Million

Owners of the Parent

         5,858.89

         3,429.44

70.84

Shareholders

      2,359.21

     3,004.44

-21.48

Total Asset

  1,358,230.00

  1,219,652.00

11.36

Non-Controlling Interests

              51.85

              81.69

-36.52

Non-Controlling Interest Holders

          64.52

          38.79

66.32

Total Liabilities

  1,072,687.00

     961,120.00

11.61

Balance Sheet

9M'17

9M'16

% Growth

Balance Sheet

9M'17

9M'16

Growth (%)

Shareholders Fund

    285,543.00

    258,532.00

10.45

N' Million

N' Million

N' Million

N' Million

Fundamental Analysis

9M'17

9M'16

% Growth

Total Asset

   1,996,471.99

  2,050,023.96

-2.61

Total Asset

    83,919.72

   85,095.88

-1.38

Basic and Diluted Earnings Per Share (EPS) (N)

0.73

0.77

-4.63%

Total Liabilities

  1,760,589.03

   1,822,048.18

-3.37

Total Liabilities

   75,039.48

    74,881.57

0.21

P.E (x)

8.45

8.06

4.85%

Shareholders' Fund

     235,882.96

     227,975.78

3.47

Shareholders' Fund

     8,880.24

     10,214.31

-13.06

PBT Margin (%)

11.87%

14.01%

-2.14%

Fundamental Analysis

9M'17

9M'16

Growth

Fundamental Analysis

9M'17

9M'16

Growth

PAT Margin (%)

11.33%

13.73%

-2.40%

Basic Earnings Per Share (EPS) (N)

0.25

0.15

70.84%

Basic Earnings Per Share (EPS) (N)

0.34

0.43

-21.48%

Net Asset Per Share (N)

16.86

15.27

10.45%

P.E (x)

4.03

6.89

-41.47%

P.E (x)

1.59

1.25

27.35%

ROA%

0.91%

1.07%

-0.15%

PBT Margin (%)

3.96%

2.58%

1.39%

PBT Margin (%)

11.78%

22.94%

-11.16%

ROE %

4.35%

5.03%

-0.69%

PAT Margin (%)

3.51%

2.32%

1.19%

PAT Margin (%)

10.31%

14.49%

-4.18%

Net Asset Per Share (N)

10.18

9.84

3.47%

Net Asset Per Share (N)

1.28

1.47

-13.06%

ROA%

0.30%

0.17%

0.12%

ROA%

2.89%

3.58%

-0.69%

ROE %

2.51%

1.54%

0.97%

ROE %

27.29%

29.79%

-2.50%