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
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