Bank NPLs (10) - Technical Analysis on Banks' NPLs - Leverage Ratio

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Monday, May 25, 2020 / 06:40 AM / by Debtors Africa/ Header Image Credit:   EcoGraphics


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E.1. Access Bank Leverage Ratio 2009-2014

Chart 96: Access Bank Leverage Ratio 2009-2014

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Source: NSE, Access Bank, Proshare Research


Access Bank had an upward trending leverage ratio between 2009 and 2014. Its highest leverage ratio recorded was +79.7% in Q4 2014 while its lowest leverage ratio was +3.7% in Q4 2009 (see Chart 96). 

 

E.1.1. Access Bank Leverage Ratio 2015-2019

Chart 97: Access Bank Leverage Ratio 2015-2019

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Source: NSE, Access Bank, Proshare Research


Access Bank recorded a leverage ratio of 122.2% in Q4 2019. Access Bank had an upward trending leverage ratio between 2015 and 2019. Its highest leverage ratio recorded was +179.0% in Q3 2018 while its lowest leverage ratio recorded was +61.4% in Q4 2017 (see Chart 97).

 

E.2. Zenith Bank Leverage Ratio 2009-2014

Chart 98: Zenith Bank Leverage Ratio 2009-2014

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Source: NSE, Zenith Bank, Proshare Research


Zenith Bank had an upward trending leverage ratio between 2009 and 2014. It recorded its highest leverage ratio of +52.6% in Q4 2014 while its lowest leverage ratio of +3.27% was recorded in Q4 2012 (see Chart 98). 

 

E.2.1. Zenith Bank Leverage Ratio 2015-2019

Chart 99: Zenith Bank Leverage Ratio 2015-2019

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Source: NSE, Zenith Bank, Proshare Research


Zenith Bank leverage ratio was +38.4% in Q4 2019. Zenith Bank had an upward trending leverage ratio. Its highest leverage ratio recorded was +108.33% in Q3 2018 while the lowest leverage ratio was +38.4% in Q4 2019 (see Chart 99).

 

E.3. UBA Leverage Ratio 2009-2014

Chart 100:  UBA Leverage Ratio 2009-2014

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Source: NSE, UBA, Proshare Research


UBA had a downward trending leverage ratio between 2010 and 2014. UBA recorded its highest leverage ratio of +108.31% in Q2 2012 while it recorded its lowest leverage ratio of +7.84% in Q1 2010 (see Chart 100). 

 

E.3.1. UBA Leverage Ratio 2015-2019

Chart 101:  UBA Leverage Ratio 2015-2019

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Source: NSE, UBA, Proshare Research

 

UBA recorded a leverage ratio of +126.9% in Q4 2019. UBA had an upward trending leverage ratio between 2015 and 2019. It recorded its highest leverage ratio of +127.1% in Q2 2019 and Q3 2019 while its lowest leverage ratio of +38.09% was recorded in Q2 2016 (see Chart 101).

 

E.4. FBNH Leverage Ratio 2009-2014

Chart 102:  FBNH Leverage Ratio 2009-2014

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Source: NSE, FBNH, Proshare Research


FBNH had an upward trending leverage ratio.  Its highest leverage ratio recorded during the period was +70.55% in Q4 2014 it's the lowest leverage ratio recorded during the period was +11.76% in Q3 2012 (see Chart 102).

 

E.4.1. FBNH Leverage Ratio 2015-2019

Chart 103:  FBNH Leverage Ratio 2015-2019

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Source: NSE, FBNH, Proshare Research


FBNH recorded a leverage ratio of +37.9% in Q4 2019. FBNH had an upward trending leverage ratio. FBNH highest leverage ratio recorded during the period was +66.56% in Q2 2019 while FBNH recorded its lowest leverage ratio of +44.25% in Q4 2015 (see Chart 103).

 

E.5. GT Bank Leverage Ratio 2010-2014

Chart 104:  GT Bank Leverage Ratio 2010-2014

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Source: NSE, GT Bank, Proshare Research


GT Bank recorded its highest leverage ratio of +103.3% in Q4 2011 while it recorded its lowest leverage ratio of +42.65% in Q4 2010 (see Chart 104).

 

E.5.1. GT Bank Leverage ratio 2015-2019

Chart 105:  GT Bank Leverage ratio 2015-2019

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Source: NSE, GT Bank, Proshare Research


GT Bank recorded a leverage ratio of +23.6% in Q4 2019. GT Bank had a downward trending leverage ratio between 2015 and 2019. GT Bank recorded its highest leverage of +92.95% in Q1 2015 while it recorded its lowest leverage ratio of +27.9% in Q1 2019 (see Chart 105).

 

E.6. ETI Leverage Ratio 2009-2014

Chart 106: ETI Leverage Ratio 2009-2014

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Source: NSE, ETI, Proshare Research

 

ETI had an upward trending leverage ratio between 2009 and 2014. ETI's highest leverage ratio was +75.2% in Q2 2012 while its lowest leverage ratio was +7.7% recorded in Q1 2012 (see Chart 106).

 

E.6.1. ETI Leverage Ratio 2015-2019

Chart 107: ETI Leverage Ratio 2015-2019

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Source: NSE, ETI, Proshare Research


ETI recorded a leverage ratio of +112.8% in Q4 2019. ETI had an upward trending leverage ratio between 2015 and 2019. ETI's highest leverage ratio was +146.2% in Q3 2019 while its lowest leverage ratio of +64.5 was recorded in Q3 2015 (see Chart 107). 

 

E.7. Unity Bank Leverage Ratio 2010-2014

Chart 108: Unity Bank Leverage Ratio 2010-2014

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Source: NSE, Unity Bank, Proshare Research


Unity bank had an upward trending leverage ratio between 2010 and 2014. Unity bank recorded its highest leverage ratio of +192.53% in Q4 2013 while its lowest leverage ratio of +40.05% was recorded in Q4 2010 (see Chart 108).

 

E.7.1. Unity Bank Leverage Ratio 2015-2019

Chart 109: Unity Bank Leverage Ratio 2015-2019

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Source: NSE, Unity Bank, Proshare Research


Unity bank had a downward trending leverage ratio between 2015 and 2019. Unity bank recorded its highest leverage of +98.73% in Q1 2017. Unity bank had a negative leverage ratio from Q4 2017 to Q3 2019.  Unity bank had negative leverage ratio between Q4 2017 and Q3 2019. Its highest negative leverage ratio was -65.45% recorded in Q3 2019 (see Chart 109).

 

E.8. Wema Bank Leverage Ratio 2012-2014

Chart 110: Wema Bank Leverage Ratio 2012-2014

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Source: NSE, Wema Bank, Proshare Research


Wema Bank had a downward trending leverage ratio between 2012 and 2014. Wema Bank highest leverage ratio of +11868.31% was recorded in Q1 2013 while the lowest leverage ratio of +105.12% was recorded in Q2 2015 (see Chart 110).

 

E.8.1 Wema Bank Leverage Ratio 2015-2019

Chart 111: Wema Bank Leverage Ratio 2015-2019

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Source: NSE, Wema Bank, Proshare Research


Wema Bank recorded a leverage ratio +88.4% in Q4 2019. of Wema Bank had a downward trending leverage ratio between 2015 and 2019. Wema Bank highest leverage ratio of +117% in Q1 2015 while the lowest leverage ratio of +48.14% was recorded in Q3 2017 (see Chart 111).


E.9. UBN Leverage Ratio 2012-2014

Chart 112: UBN Leverage Ratio 2012-2014

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Source: NSE, UBN, Proshare Research


UBN had an upward trending leverage ratio between 2012 and 2014. Union Bank recorded its highest leverage ratio of +35.16% in Q4 2014, while it recorded its lowest leverage ratio of +12.91% in Q2 2012 (see Chart 112).


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E.9.1 UBN Leverage Ratio 2015-2019

Chart 113: UBN Leverage Ratio 2015-2019

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Source: NSE, UBN, Proshare Research


UBN recorded a leverage ratio of +49.1% in Q4 2019. UBN had an upward trending leverage ratio between 2015 and 2019. Union bank had its highest leverage ratio of +49.1% in Q4 2019 while it had its lowest leverage ratio of +23.3% in Q1 2017 (see Chart 113). 

 

E.10. FCMB Leverage Ratio 2010-2014

Chart 114: FCMB Leverage Ratio 2010-2014

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Source: NSE, FCMB, Proshare Research


FCMB had an upward trending leverage ratio between 2010 and 2014. FCMB recorded its highest leverage ratio of +87.69% in Q4 2014 while it recorded its lowest leverage ratio of +13.09% in Q2 2010 (see Chart 114).

 

E.10.1 FCMB Leverage Ratio 2015-2019

Chart 115: FCMB Leverage Ratio 2015-2019

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Source: NSE, FCMB, Proshare Research


FCMB recorded a leverage ratio of +102.38% in Q4 2019. FCMB had an upward trending leverage ratio between 2015 and 2019. FCMB recorded its highest leverage ratio of +148.98% in Q3 2016 while it recorded its lowest leverage ratio of +84.25% in Q1 2015 (see Chart 115). 

 

E.11. Sterling Bank Leverage Ratio 2010-2014

Chart 116: Sterling Bank Leverage Ratio 2010-2014

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Source: NSE, Sterling Bank, Proshare Research


Sterling bank recorded its highest leverage ratio of +95.94% in Q4 2010 while it recorded its lowest leverage ratio of +53.76% in Q2 2010 (see Chart 116).

                                                          

E.11.1 Sterling Bank Leverage Ratio 2015-2019

Chart 117: Sterling Bank Leverage Ratio 2015-2019

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Source: NSE, Sterling Bank, Proshare Research


Sterling Bank leverage ratio was +104.9% in Q4 2019. Sterling Bank recorded its highest leverage ratio of +248.8% in Q3 2017 while it recorded its lowest leverage ratio of +62.1% in Q2 2015 (see Chart 117). 

 

E.12. Fidelity Bank Leverage Ratio 2013-2014

Chart 118: Fidelity Bank Leverage Ratio 2013-2014

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Source: NSE, Fidelity Bank, Proshare Research


Fidelity Bank highest leverage recorded was +67.9% in Q4 2014 while its lowest leverage recorded during the period was +43.03% in Q4 2013 (see Chart 118).

 

E.12.1. Fidelity Bank Leverage Ratio 2015-2019

Chart 119: Fidelity Bank Leverage Ratio 2015-2019

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Source: NSE, Fidelity Bank, Proshare Research


Fidelity Bank recorded a leverage ratio of +107.5% in Q4 2019. Fidelity bank had an upward trending leverage ratio between 2015 and 2019. Its highest leverage ratio recorded during the period of +162.68% in Q3 2016 while it recorded its lowest leverage ratio of +58.76% in Q1 2015 (see Chart 119). 

 

E.13 Stanbic IBTC Leverage Ratio 2013-2014

Chart 120: Stanbic IBTC Bank Leverage Ratio 2013-2014

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Source: NSE, Stanbic IBTC Bank, Proshare Research

 

Stanbic IBTC Bank highest leverage ratio recorded was +77.4% in Q4 2014 while its lowest leverage ratio of +56.5% was recorded in Q4 2013 (see Chart 120). 

 

E.13.1. Stanbic IBTC Bank Leverage Ratio 2015-2019

Chart 121: Stanbic IBTC Bank Leverage Ratio 2015-2019

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Source: NSE, Stanbic IBTC Bank, Proshare Research


Stanbic IBTC Bank recorded a leverage ratio +65.8% in Q4 2019. Stanbic IBTC Bank had a downward trending leverage ratio between 2015 and 2019. Its highest leverage ratio recorded was +97.2% in Q3 2016 while its lowest leverage ratio of +46.23% was recorded in Q2 2018 (see Chart 121).


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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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