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Saturday, May 23,
2020 07:00 AM / by Debtors Africa/ Header Image
Credit: EcoGraphics
C.1
Access Bank
Chart 58: Access Bank NPL Ratio
(%) 2009-2019
Source: NSE, Access Bank,
Proshare Research
Access Bank had a downward trending NPL ratio between 2009 and 2019. Its highest non-performing loan ratio of +9.3% was recorded in Q4 2011 while its lowest non-performing loan ratio of +1.7% was recorded in Q4 2015. Access Bank's asset quality deteriorated in Q4 2019, as its NPL ratio was above CBN's benchmark of +5%. Its NPL ratio increased to +5.8% in Q4 2019 from +2.5% in Q4 2018 (see Chart 58).
C.2
UBA
Chart 59: UBA NPL (%) 2009-2019
Source: NSE, UBA, Proshare
Research
UBA's NPL ratio reduced to +5.3% in Q4 2019 from +6.45% in Q4 2018. UBA
had a downward trending NPL ratio between 2009 and 2019. Its highest
non-performing loan ratio of +8.8% was recorded in Q4 2010 while its lowest
non-performing loan ratio of +1.2% was recorded in Q4 2013. There has been a decline in UBA's asset
quality as its NPL ratio in 2018 and 2019 was +6.45% and +5.3% respectively
which is above the CBN's threshold of +5.0% (see
Chart 59).
C.3
Zenith Bank
Chart 60: Zenith Bank NPL Ratio
(%) 2009-2019
Source: NSE, Zenith Bank,
Proshare Research
Zenith Bank's NPL ratio reduced to +4.3% in Q4 2019 from +4.98% in Q4
2018. Zenith Bank had a downward trending NPL ratio between 2009 and 2019. Its
highest non-performing loan ratio of +6.26% was recorded in Q4 2009 while it
recorded its lowest NPL ratio of +1.63% in Q4 2015. Zenith Bank has had good
assets quality in the past five years as its NPL ratio ranged between +1.63%
and +4.98% which is below CBN threshold of +5% (see
Chart 60).
C.4
ETI
Chart 61: ETI NPL Ratio (%)
2009-2019
Source: NSE, ETI, Proshare
Research
ETI NPL ratio increased from +9.8% in Q4 2018 to
+9.9% in Q4 2019. ETI had a downward
trending NPL ratio between 2009 and 2019. It recorded its highest NPL ratio of
+16% in Q4 2009 while it recorded its lowest NPL ratio of +4.4% in Q4 2014. ETI
has had declining asset quality, as its NPL ratio has ranged between +8.2% and
+9.6% in the past four years which is above CBN's threshold of +5% NPL ratio (see Chart 61).
C.5
Wema Bank
Chart 62: Wema Bank NPL (%)
2009-2019
Source: NSE, Wema Bank, Proshare
Research
Wema Bank NPL ratio increased from +4.98% in Q4 2018 to +7.38% in Q4 2019.
Wema Bank had a downward trending NPL ratio between 2009 and 2019. There has
been a significant decline in Wema Bank's NPL ratio during the period under
review, as its NPL ratio had declined from +74% recorded in Q4 2009 to +7.38%
in Q4 2019. It recorded its lowest NPL ratio of +2.49% in Q4 2014. Wema Bank's
asset quality deteriorated in Q4 2019, as its NPL ratio was above CBN's
threshold of +5.0%.
(see
Chart 62).
C.6
UBN
Chart 63: UBN NPL (%) 2011-2019
Source: NSE, UBN, Proshare
Research
UBN NPL ratio declined to +5.8% in Q4 2019 from +8.7% in Q4 2018. UBN had
an upward trending NPL ratio between 2011 and 2019. UBN recorded its highest
NPL ratio of +19.8% in Q4 2017 while it recorded its lowest NPL ratio of +5.1%
in Q4 2014 and Q4 2011. UBN does not have good assets quality as its NPL ratio
in the past four years has fluctuated between +5.8% and +19.8% which is above
the CBN's NPL ratio threshold of +5.0% (see
Chart 63).
C.7
FCMB
Chart 64: FCMB NPL (%) 2009-2019
Source: NSE, FCMB, Proshare
Research
FCMB NPL ratio declined to +3.7% in Q4 2019 from +5.9% in Q4 2018. FCMB
had a downward trending NPL ratio between 2009 and 2019. FCMB recorded its
highest non-performing loan ratio of +9% in Q4 2009 while it recorded its
lowest non-performing loan ratio of +2.5% in Q4 2012. FCMB's recorded an
improvement in its asset quality as its NPL ratio declined from +5.9% in Q4
2018 to +3.7% in Q4 2019 which is below CBN's
threshold of +5.0% (see Chart 64).
C.8
Fidelity Bank
Chart 65: Fidelity Bank NPL (%)
2009-2019
Source: NSE, Fidelity Bank, Proshare Research
Fidelity Bank recorded a decline in its NPL ratio from +5.7% in Q4 2018 to
+3.3% in Q4 2018. Fidelity bank had a downward trending NPL ratio between 2009
and 2019. Its highest non-performing loan ratio of +47.5% was recorded in Q4
2009 while its lowest non-performing loan ratio of +3.3% was recorded in Q4
2019. Fidelity bank recorded an improvement in its asset quality, as its NPL
ratio fell from +5.7% in Q4 2018 to +3.3% in Q4 2019, which is lower than the
CBN's threshold of an NPL ratio of +5.0% (see Chart 65).
C.9.
Sterling Bank
Chart 66: Sterling Bank NPL (%)
2009-2019
Source: NSE, Sterling Bank, Proshare Research
Sterling Bank NPL ratio fell to +2.2% in Q4 2019 from +8.7% in Q4 2018.
Sterling Bank had a downward trending NPL ratio between 2009 and 2019. It
recorded its highest NPL ratio of +23.6% in Q4 2009 while it recorded its
lowest NPL ratio of +2.1% in Q4 2013. It recorded a significant improvement in
its asset quality, as its NPL ratio declined to +2.2% in Q4 2019 from +8.7% in
Q4 2018, which is below CBN's threshold of an NPL ratio of +5.0% (see Chart 66).
C.10.
GT Bank
Chart 67: GT Bank NPL Ratio (%) 2009-2019
Source: NSE, GT Bank, Proshare Research
GT Bank's NPL ratio declined to +6.5% in Q4 2019 from +7.3% in Q4 2018. GT
Bank had a downward trending NPL ratio between 2009 and 2019. It's highest NPL
ratio of +11.84% was recorded in Q4 2009 while it recorded its lowest NPL ratio
of +3.15% in Q4 2012. GT Bank does not have a good asset quality as its NPL
ratio in 2018 and 2019 was +7.3% and +6.5% respectively which is above CBN's
threshold of +5.0% NPL ratio (see Chart 67).
C.11.
Stanbic IBTC Bank
Chart 68: Stanbic IBTC Bank NPL
Ratio (%) 2009-2019
Source: NSE, Stanbic Bank, Proshare Research
Stanbic IBTC Bank NPL ratio was +3.9% in Q4 2019. Stanbic IBTC Bank had a
downward trending NPL ratio between 2009 and 2019. It recorded its highest NPL
ratio of +18.8% in Q4 2019 while its lowest NPL ratio of +4.0% was recorded in
Q4 2018. Stanbic IBTC Bank recorded an
improvement in its asset quality as its NPL ratio declined from +8.7% in Q4
2017 to +3.9% in Q4 2019 which is below CBN's threshold of NPL ratio of +5.0% (see Chart 68).
C.12.
FBNH
Chart 69: FBNH NPL Ratio (%)
2009-2019
Source: NSE, FBNH, Proshare Research
FBNH NPL ratio declined significantly to +9.9% in Q4 2019 from +24.7% in Q4 2018. FBNH had an upward trending NPL ratio between 2009 and 2019. It recorded its highest NPL ratio of +25.9% in Q4 2018 while its lowest NPL ratio of +2.6% in Q4 2011 and Q4 2012. Despite the significant decline in its NPL ratio to +9.9% in Q4 2019 from +24.7% in Q4 2018, its NPL ratio was still higher CBN's threshold of +5.0% (see Chart 69).
Related Reports (PDF)
1. Download the Full PDF Report - Debtors Africa, May 13, 2020
2. Executive Summary PDF - Proshare, May 14, 2020
3. AMCON and Financial Services Debt Burden in Nigeria - Aug 17, 2018
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