African Venture Capital Association presents Africa, The Rising Giant AVCA 9th Annual Conference

CAL  Bank  Limited  Ghana  Frank  B.  Adu  -­‐  CEO  

Africa  Venture  Capital  Associa>on  “Highligh&ng  successful  African  Companies”  

Accra,  April  2012  

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Overview  of  CAL  Bank  Limited  

Established

Licensing

Listing

Network and Team

Focus Segment

Risk Management and Accounting

Share Capital

  1990

  Universal Banking License

  Ghana Stock Exchange since IPO in 2004   Public Float - 66.82%   Market Capitalisation - GHS 62 million; ~USD 35.43million*   Issued Shares - 248,261,549

  Corporate Banking   Treasury Activities   Asset backed retail banking

  Basle II   IFRS

  Currently Q2, 2012 GHS 27.7million; ~USD 15.8 million   Expected Q3 2012 GHS 100 .0million ~USD 57.1 million

  18 branches across Ghana   51 ATM’s   Over 300 dedicated employees & experienced motivated management team

Partnerships   Proparco, DEG, African Development Bank

CAL  Bank  at  a  glance  1990    FOUNDING  SHAREHOLDERS     1997  onwards  -­‐  24,000  +  SHAREHOLDERS    

•  Kingdom  Zephyr  Holdings  (Al-­‐Waleed)  •  Renaissance  Capital  (Cyprus)  Ltd.  •  Pinebridge  Sub-­‐Saharan  Africa  Fund  •  SSNIT  -­‐  Ghanaian  na>onal  pension  fund  •  Robeko  Afrika  Funds  •  Kura  Africa  Fund  •  Fulcrum  Africa  Fund  •  Fleming  Africa  Fund  •  Fron>er  Market  Select    Fund  •  Eaton  Vance  Emerging  Market  Fund  •  24,000+  other  ins>tu>onal  &  retail  investors  

•  Vanguard  Assurance  (Ghana)  •  Interna>onal  Finance  Corpora>on      •  CDC  •  Africa  Growth  Fund  (USA)  •  Pryor,  McClendon  &  Counts  (USA)  •  Local  Ghanaian  promoter  

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Business Overview

Distribution Network

•  Current Network : –  18 networked branches –  51 ATMs –  Real time Internet banking –  Continued strength in Corporate

banking –  Pursuing retail presence

through growing branch network •  Future :

 Broaden customer base through technology

  Increase footprint through additional ATMs and branches

Contribution to Net Operating Income

December 2011

CAL  Bank  at  a  glance  

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One of Top 10 Independent Local Banks Top 12 Ghanaian Banks by Assets (FY 2011)

BANK   GHC   RANK  out  of  27  banks  Ghana  Commercial  Bank   2,279,445*   1  Ecobank   2,128,006   2  Standard  Chartered  Bank     1,971,062   3  Barclays  Bank   1,906,992   4  Agricultural  Devt.  Bank   1,205,757   5  Stanbic  Bank   1,136,923   6  Fidelity  Bank   1,029,927   7  NaVonal  Investment  Bank   878,873   8  SG-­‐SSB  Bank   841,077   9  CAL  Bank   786,063   10  UTBank   712,864   11  Zenith  Bank   699,795   12  

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* This figure is for Q3 2011 as GCB’s FY2011 results have not been released

       The    Bank  -­‐    FY  2011  on  FY  2010    

Key  RaVos   2011   2010  Earnings  per  share  (GH¢    per  share)   0.0739   0.0365  Return  on  Average  Equity  (%)   21.3%   13.2%  Return  of  Average  Assets  (%)   2.8%   1.9%  

Full  Year   The  Bank  (GH¢    000’s)  

Indicators    2011   2010   Var.  

Net    Interest  Income  (GH¢  )   40,661   36,835   10.4%  

Net  Opera>ng  Income  (GH¢  )   58,246   39,004   49.3%  

Profit  Before  Tax  (GH¢  )   24,584   11,660   111.0%  

Profit  Ager  Tax  (GH¢)   18,338   8,810   108.1%  

Total  Assets  (GH¢)   786,063   499,751   57.3%  

Shareholders  Funds  (GH¢)   92,921   76,519   21.4%  

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CAL:  Solid  5-­‐year  Group  track  record      

Selected  Financial  Indicators   2007   2008   2009   2010   2011   CAGR  

Opera>ng  Income  (GH¢  ‘m)   23.2   34.6   39.3   53.8   70.9   32%  Profit  Ager  Tax  (GH¢  ‘m)   5.2   9.1   8.3   9.5   16.9   34%  Total  Assets  (GH¢  ‘m)   235.7   338.9   452.8   510.0   809.4   36%  Total  Deposits  (GH¢  ‘m)   124.3   176.7   277.6   296.6   586.8   47%  Loans  and  Advances  (GH¢  ‘m)   114.9   190.9   214.7   256.6   411.6   38%  Shareholders'  Equity  (GH¢  ‘m)   31.1   37.4   58.4   78.8   88.4   30%  

Key  RaVos   2007   2008   2009   2010   2011  Return  on  Assets  (%)   2.2   2.7   1.8   1.9   2.1  Return  on  Equity  (%)   16.7   24.5   14.2   12.0   19.1  Capital  Adequacy  Ra>o  (%)   15.3   12.1   15.5   16.1   11.6  Cost-­‐to-­‐Income  Ra>o  (%)   62.6   60.7   64.5   52.7   50.9  

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Industry  recogniVon  as  leading  bank  -­‐  Ghana  Banking  Awards    

2007 IT & Electronic Banking : (Best Bank)

2007/2008 Product Innovation : (Best Bank)

2010 Trade Financing: (Best Bank) )

2008 Retail Banking : (Best Bank)

2008: Chartered Institute of Marketing, Ghana - Bank of the Year

2010 Corporate Bank: (2nd Runner-up)

2007 Medium term Financing : (Best Bank)

2010 Short Term Financing ; (Best Bank)

2010 Long Term Loan Financing ; (Best Bank)

2010 Medium Term Financing : (Best Bank)

African Venture Capital Association presents Africa, The Rising Giant AVCA 9th Annual Conference