Week 10 03-06-2023
MANAGEMENT MEETING
Duration: 8:30am - 11:42am
Venue: Virtual Via Google meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal Operations
ADETAYO OLUKOGA - Asset Creation
AMARACHUKWU EMENIKE - Data Analyst
ANIEKAN UDOH - National Channel Manager
BLESSING YAHAYA - Ag head, Treasury
CHIDIEBERE NJOKU - Sales Operations & Strategy
CHINEDU UGWU - Legal
CHINWE OKAGBUE - Branch Manager, Abuja
EDNA EJIMAKOR - Branch Manager, Port Harcourt
EMMANUEL ONAKOYA - Head, CRM
EZINNE UMOZURIKE - Lead, Legal
FIDELIS AZUBUIKE - Head, Software
FAITH OZEGBE - Acting Secretary
GODFREY EGBUOKPORO - Ag. Head, Communications
IBEREAYO AMOO - Ag. Head, Human Resources
ISMAIL BALOGUN - Account
ITIEKHAO IKPEMINOGENA - General Manager
KEHINDE OYEBADE - Ag. Head Business Operations
LINDA OTTAH-IJEKEYE - Brokers Admin
MARTINA AMOS - Head, Sales Operations and Strategy
NANCY ANAYOCHUKWU - Head, Telesales
OLUSEGUN AKEJU - Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA - Transformation
OLUWAFISAYO OMOPARIOLA - Sales Operations & Strategy
OLUWASEGUN BOLAWOLE - Strategic Partnership
OLUWOLE EWEJOBI - Head, Information Technology
PETER OJUKWU - Ag, Head, Recovery & Collections
SAMUEL OTTAH - Rep, Product Development
SOPHIA DAGI - Ag Head, Client Experience Management
STANLEY MAFUVWE - Lead, Asset Remedial Management
TAWAKALITU OJESOLA - Internal Operations
OPENING PRAYER
Faith Ozegbe said the opening prayer
ADOPTION OF MINUTES
Sophia Dagi seconded by Faith Ozegbe adopted the minutes of the last meeting.
ORDER OF PRESENTATION
Communication, Client Experience Management, Sales Operations, Tele-sales, Asset Creation, Strategic Partnership, Co-operate Lease, Treasury, Credit Risk Management, Transformation, Legal, Human Resources, Software, Information Technology, and Internal Operations.
ACTIVITY REPORT (30th January - 3rd February, 2023)
Communications Team Report
For the period in review inquiries, Volume decreased by 2.9%. The week recorded a 9.71% increase in engagement on digital Media. Total market audience reaches decreased by 26.96% while followership increased by 1.22%. Google is our highest inquiry-generating channel and personal loan is the most enquired product for the month at 91.8%. The report also captures pending and completed tasks.
Sales Operations and Strategy Team Report
RISK ASSET
Overall Sales – 76.4M
Personal Loan Performing the internal Loyalty 3
Team Performance: Telesales: 13.65%, Sales: 86.35%
Product Type Performance: Public – 8.32M(10.89%), Personal Loan - 68.08M (89.11%)
Unit Location Performance: Lagos- 30M, Port Harcourt – 14.5M, Abuja - 11.5M
Tele-sales Team Report
The total amount consummated by the team for the week in review is 10,039,700.00 (24% of the week’s target) at 16 counts with core tele sales and tele sales-cold call team consummating 4,176,000.00 (38% of the week’s target) at 8 counts and 5,863,000.00 (19% of the week’s target) at 5 counts respectively.
Asset Creation report
For the period in review, Transactions disbursed are N65.8M. Others are at various transaction stages.
Asset Creation report (Public Sector)
For the period in review, Transactions disbursed are 18.9M. Others are at various transaction stages.
Strategic Partnership Team Report
For the period in review, the total sales achieved is 20.5M (178% 0f the budget). The report also captures the activities, visits, and pending partnerships in the public and private sectors.
Brokers Admin Team Report
The week in review shows risk asset transactions disbursed as 2.4M, fresh fund (RTN) as nil, Reap fund as 235K, Rollover as 806K, Liquidation as nil.
Abuja Team Report
The report captures the activities for the period in review, pipelines, and constraints
PortHarcourt Team Report
The report captures the activities for the period in review, pipelines, and constraints.
Treasury Team Report
For the week in review Executive summary shows the Liquidity Requirement status as BAD. Week 9 experienced a net positive change in cash flow from 1M negative in week 8 to 33M negative. Treasury reported a negative N33 million total NetFlow, with N3 million inflows and 26M outflows.
Credit Risk Management Report
The report shows Core underwriters approved 122 transactions, pushed back 106 transactions, and declined 7 transactions. The senior underwriters approved 88 transactions and pushed back 73 transactions. PDO recovery as 29M at 326 counts (31% of the target). Extended interest recovery as 336K at 15 counts (9% of the target), Provisioned Accounts recovery as 2.6M at 30 counts (86% of the target).
Transformation Team Report
Captures ongoing and completed projects.
Legal Team Report
The report captures the litigation and other tasks for the week in review
Human Resource Team Report
The report shows the activities carried out by the HR Admin, Learning and Development, People and Culture, and HRBP. It also shows completed and ongoing projects for the next month. A total of 42 staff were hired.
Software Team Report
Captures ongoing and completed projects.
Information & Technology Team Report
Captures the ongoing and completed projects
Internal Operations Team Report
Captures the ongoing and completed projects
B2C RISK ASSET GENERATION REPORT
| B 2 C RISK ASSETS | WEEK | 9 | Ending | 04-Mar-23 | ||||
| LAGOS | BAL B/F | WEEK 9 | CUMULATIVE 2023 BUDGET | PERFORMANCE YEAR TO DATE 2023 | PERFORMANCE YEAR TO DATE 2022 | BUDGET VARIANCE YEAR TO DATE 2022 | % CHANGE BETWEEN 2022 & 2023 | BUDGET PERFORMANCE RATE |
| 25-Feb-23 | 2023 | 2023 | 2023 | 2022 | 2022 | 2023 Vs 2022 | 2022 | |
| B2C | ||||||||
| Personal Loan / Public Sector Employee Loan | 325,186,254.95 | 49,999,700.00 | 792,420,949.41 | 375,185,954.95 | 236,089,819.12 | -417,234,994.46 | 59% | 47% |
| Cash Backed loan / Credit Card | 1,000,000.00 | 23,195,338.06 | 1,000,000.00 | 29,150,000.00 | -22,195,338.06 | -97% | 4% | |
| Consumer Leases | 657,475.00 | 16,744,090.82 | 657,475.00 | 1,009,273.00 | -6,086,615.82 | -35% | 4% | |
| Asset Cash Loan | 10,000,000.00 | - | 10,000,000.00 | 0% | ||||
| SPBS | - | 0% | ||||||
| Sub-Total | 336,843,729.95 | 49,999,700.00 | 832,360,378.28 | 386,843,429.95 | 266,249,092.12 | -445,516,948.33 | 45% | 46% |
| ABUJA | ||||||||
| Personal Loan / Public Sector Employee Loan | 97,883,998.00 | 11,942,999.00 | 440,233,860.78 | 109,826,997.00 | 73,708,200.00 | -330,406,863.78 | 49% | 25% |
| Cash Backed loan / Credit Card | 12,886,298.92 | - | -12,886,298.92 | 0% | 0% | |||
| Consumer Leases | 9,302,272.68 | - | -9,302,272.68 | 0% | 0% | |||
| Asset Cash Loan | 0% | |||||||
| SPBS | 0% | |||||||
| Sub-Total Abuja | 97,883,998.00 | 11,942,999.00 | 462,422,432.38 | 109,826,997.00 | 73,708,200.00 | -352,595,435.38 | 49% | 24% |
| WARRI | - | |||||||
| Personal Loan | 0% | |||||||
| Cash Backed loan / Credit Card | 0% | |||||||
| Consumer Leases | 0% | |||||||
| Sub-Total Warri | - | - | - | - | - | - | ||
| SUB -TOTAL B 2 C GLOBAL | 434,727,727.95 | 61,942,699.00 | 1,294,782,810.66 | 496,670,426.95 | 339,957,292.12 | -798,112,383.71 | -100% | 0% |
B2B LEASE RISK
| B 2 B LEASE RISK ASSETS | ||||||||
| RISK ASSET GENERATION REPORT | 9 | Ending | 04-Mar-23 | |||||
| LAGOS | BAL B/F | WEEK 9 | CUMULATIVE 2023 BUDGET | PERFORMANCE YEAR TO DATE 2023 | PERFORMANCE YEAR TO DATE 2022 | BUDGET VARIANCE YEAR TO DATE 2022 | % CHANGE BETWEEN 2022 & 2023 | BUDGET PERFORMANCE RATE |
| Corporate Leases | 2,316,249.56 | WEEK 9 | 0% | 0% | ||||
| Operating Leases | 169,061,704.83 | - | 0% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | 171,377,954.38 | - | - | -171,377,954.38 | 0% | |
| ABUJA | ||||||||
| Corporate Lease | 1,286,805.31 | - | 0% | 0% | ||||
| Operating Leases | 93,923,169.35 | - | 0% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | 95,209,974.66 | - | - | -95,209,974.66 | 0% | 0% |
B2B CREDIT RISK ASSET GENERATION REPORT
| RISK ASSET GENERATION REPORT | 9 | Ending | 04-Mar-23 | |||||
| LAGOS | BAL B/F | WEEK 9 | CUMULATIVE 2023 BUDGET | PERFORMANCE YEAR TO DATE 2023 | PERFORMANCE YEAR TO DATE 2022 | BUDGET VARIANCE YEAR TO DATE 2022 | % CHANGE BETWEEN 2022 & 2023 | BUDGET PERFORMANCE RATE |
| Business Support Loan/ACL-Corporate | 3,582,800.00 | 2,727,494.76 | 3,582,800.00 | - | 855,305.24 | 0% | 131% | |
| ABUJA | ||||||||
| Business Support Loan/ACL-Corporate | 1,515,274.86 | - | -1,515,274.86 | 0% | 0% | |||
| Sub-Total B 2 B Business Support Loan | 4,242,769.62 | - | -659,969.62 | 0% | 0% | |||
| TOTAL B 2 B Global | - | - | 270,830,698.66 | - | - | -267,247,898.66 | 0% | 0% |
| TOTAL RISK ASSETS (LAGOS) & ANNEX | 434,727,727.95 | 61,942,699.00 | 1,565,613,509.33 | 496,670,426.95 | 339,957,292.12 | -1,065,360,282.38 | 46% | 32% |
BRANCH RISK ASSET GENERATION REPORT
| RISK ASSET GENERATION REPORT | 9 | Ending | 04-Mar-23 | |||||
| PORT HARCOURT | BAL B/F | WEEK 9 | CUMULATIVE 2023 BUDGET | PERFORMANCE YEAR TO DATE 2023 | PERFORMANCE YEAR TO DATE 2022 | BUDGET VARIANCE YEAR TO DATE 2022 | % CHANGE BETWEEN 2022 & 2023 | BUDGET PERFORMANCE RATE |
| B2C | ||||||||
| Personal Loan / Public Sector Employee Loan | 95,881,759.48 | 14,459,000.00 | 528,280,632.94 | 110,340,759.48 | 106,517,000.00 | -417,939,873.46 | 4% | 21% |
| Cash Backed loan / Credit Card | 15,463,558.70 | -15,463,558.70 | 0% | 0% | ||||
| Consumer Leases | 11,162,727.21 | - | -11,162,727.21 | 0% | 0% | |||
| Asset Cash Loan | 0% | |||||||
| SPBS | 0% | |||||||
| B2B | ||||||||
| Business Support Loan/ACL-Corporate | 1,818,329.84 | - | -1,818,329.84 | 0% | 0% | |||
| Corporate Leases | 1,544,166.37 | - | -1,544,166.37 | 0% | 0% | |||
| Operating Leases | 336,000,250.00 | 112,707,803.22 | 336,000,250.00 | - | 223,292,446.78 | 0% | 298% | |
| 431,882,009.48 | 14,459,000.00 | 670,977,218.28 | 446,341,009.48 | 106,517,000.00 | -224,636,208.80 | 319% | 67% |
CONSOLIDATED RISK ASSET GENERATION REPORT
| CONSOLIDATED | BAL B/F | WEEK 9 | CUMULATIVE 2023 BUDGET | PERFORMANCE YEAR TO DATE 2023 | PERFORMANCE YEAR TO DATE 2022 | BUDGET VARIANCE YEAR TO DATE 2022 | % CHANGE BETWEEN 2022 & 2023 | BUDGET PERFORMANCE RATE |
| Personal Loan / Public Sector Employee Loan | 518,952,012.43 | 76,401,699.00 | 1,760,935,443.14 | 595,353,711.43 | 416,315,019.12 | -1,165,581,731.71 | 43% | 34% |
| Cash Backed loan / Credit Card | 1,000,000.00 | - | 51,545,195.68 | 1,000,000.00 | 29,150,000.00 | -50,545,195.68 | -97% | 2% |
| Consumer Leases | 657,475.00 | - | 37,209,090.70 | 657,475.00 | 1,009,273.00 | -26,551,615.70 | -35% | 2% |
| Asset Cash Loan | 10,000,000.00 | - | 10,000,000.00 | |||||
| SPBS | - | - | ||||||
| Business Support Loan/ACL-Corporate | 3,582,800.00 | - | 6,061,099.46 | 3,582,800.00 | - | -2,478,299.46 | 0% | 0% |
| Corporate Leases | - | - | 5,147,221.24 | - | - | -5,147,221.24 | 0% | 0% |
| Operating Leases | 336,000,250.00 | - | 375,692,677.39 | 336,000,250.00 | - | -39,692,427.39 | 0% | 89% |
| 870,192,537.43 | 76,401,699.00 | 2,236,590,727.61 | 946,594,236.43 | 446,474,292.12 | -1,289,996,491.18 | 112% | 42% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 9 | Ending | 04-Mar-23 | ||||||
| LAGOS | BAL B/F | INFLOW | OUTFLOW | NET FLOW | CUM BUDGET YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
BUDGET VARIANCE YEAR TO DATE |
% CHANGE BETWEEN 2023 & 2022 (ACTUAL) |
| 2023 | 2023 | 2023 | 2023 | 2023 | 2022 | 2022 | |||
| TENOR FUND | 89,687,295.89 | 6,350,000.00 | 19,962,759.04 | -13,612,759.04 | 149,660,507.59 | 76,074,536.85 | -223,932,555.51 | -73,585,970.74 | -134% |
| R-WIN | -10,212,558.44 | 920,000.00 | 1,220,034.96 | -300,034.96 | 3,289,241.93 | -10,512,593.40 | -5,868,404.03 | -13,801,835.33 | 79% |
| REAP PRODUCT | -6,248,910.60 | 1,700,000.00 | 1,700,000.00 | 11,512,346.74 | -4,548,910.60 | 473,598.18 | -16,061,257.34 | -1061% | |
| RBIP | - | ||||||||
| TOTAL | 73,225,826.85 | 8,970,000.00 | 21,182,794.00 | -12,212,794.00 | 164,462,096.25 | 61,013,032.85 | -229,327,361.36 | -103,449,063.40 | -127% |
| ABUJA | |||||||||
| TENOR FUND | 2,934,089.38 | - | 66,515,781.15 | 2,934,089.38 | -554,186.50 | -63,581,691.77 | -629% | ||
| R-WIN | - | - | 1,461,885.30 | - | - | -1,461,885.30 | - | ||
| REAP PRODUCT | -831,123.06 | 130,000.00 | 130,000.00 | 5,116,598.55 | -701,123.06 | -272,366.87 | -5,817,721.61 | 157% | |
| TOTAL | 2,102,966.32 | 130,000.00 | - | 130,000.00 | 73,094,265.00 | 2,232,966.32 | -826,553.37 | -70,861,298.68 | -370% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | 75,328,793.17 | 9,100,000.00 | 21,182,794.00 | -12,082,794.00 | 237,556,361.25 | 63,245,999.17 | -230,153,914.73 | - | -127% |
| PORT-HARCOURT | |||||||||
| WEEK 9 | |||||||||
| TENOR FUND | 237,553,126.04 | 13,700,000.00 | 3,419,494.12 | 10,280,505.88 | 116,402,617.01 | 247,833,631.92 | -23,188,821.94 | 131,431,014.91 | -1169% |
| R-WIN | 280,000.00 | - | 2,558,299.39 | 280,000.00 | 180,000.00 | -2,278,299.39 | 56% | ||
| REAP PRODUCT | 1,868,795.24 | 405,000.00 | 633,510.61 | -228,510.61 | 8,954,047.35 | 1,640,284.63 | -253,907.25 | -7,313,762.72 | -746% |
| 239,701,921.28 | 14,105,000.00 | 4,053,004.73 | 10,051,995.27 | 127,914,963.75 | 249,753,916.55 | -23,262,729.19 | 121,838,952.80 | -1174% | |
| CONSOLIDATED | BAL B/F | INFLOW | OUTFLOW | NET FLOW | CUM BUDGET YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
BUDGET VARIANCE YEAR TO DATE |
% CHANGE BETWEEN 2023 & 2022 (ACTUAL) |
| TENOR FUND | 330,174,511.31 | 20,050,000.00 | 23,382,253.16 | -3,332,253.16 | 332,578,905.75 | 326,842,258.15 | -247,675,563.95 | -5,736,647.60 | -232% |
| R-WIN | -9,932,558.44 | 920,000.00 | 1,220,034.96 | -300,034.96 | 7,309,426.61 | -10,232,593.40 | -5,688,404.03 | -17,542,020.01 | 80% |
| REAP PRODUCT | -5,211,238.42 | 2,235,000.00 | 633,510.61 | 1,601,489.39 | 25,582,992.64 | -3,609,749.03 | -52,675.94 | -29,192,741.67 | 6753% |
| RBIP | - | - | - | 0% | |||||
| 315,030,714.45 | 23,205,000.00 | 25,235,798.73 | -2,030,798.73 | 365,471,325.00 | 312,999,915.72 | -253,416,643.92 | -52,471,409.28 | -224% |
MEETING ADJOURNMENT
Godfrey Egbuokporo seconded by Fidelis Azubuike adjourned the meeting.
Faith Ozegbe said the closing prayers