Week 05 01-29-2024
MANAGEMENT MEETING
Duration: 8:30am - 10:13am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ABDULLAHI NAJIMUDEEN - Head, Internal operations
ADETAYO OLUKOGA - Asset Creation
AJIBOLA ABDILFATAI - Portfolio Risk Officer
CHIMA ANNONYE - Head, Business Operations
EMMANUEL ONAKOYA - Head, CRM
EDNA EJIMAKOR - Branch Head, PortHArcourt
EZINNE UMORZURIKE - Head, Legal
GBENGA AJAYI - Ag. Head Wealth Management
GODFREY EGBUOKPORO - Ag. Head, Communications
FAITH OZEGBE - Acting Secretary
ISMAIL BALOGUN - Accounts
ITIEKHAO IKPEMINOGENA - General Manager
KHADIJAH RAJI - Relationship Manager, Corporate Lease
LINDA OTTAH-IJEKEYE - Brokers Admin
OLUSEGUN AKEJU - Portfolio Risk Analyst
OLUWADAMILARE OLAYINKA - Head, Transformation
OLUWATONI LAWAL - Head, Telesales
OLUWASEGUN BOLAWOLE - Head, Strategic Partnership
OLUWOLE EWEJOBI - Head, Information Technology
OMOWALE BELLO - Cooperate Lease
PETER OJUKWU - Ag, Head, Recovery & Collections
OWOICHO AGADA - Ag. Head, Human Resources
SOPHIA DAGI - Ag Head, Client Experience Management
USIWOMA IGBI - Wealth Management
Sophia Dagi said the opening prayer
ORDER OF PRESENTATION
Account, Client Experience Management, Telesales, Asset Creation, Corporate Lease, Wealth Management, Credit Risk Management, Product Development, Business Operations, Legal
ACTIVITY REPORT (22nd - 26th January, 2024)
Client Experience Team Report
The report shows the activity for the period in review
Account Team Report
Client Experience Management Team Report
For the period in review, 454 inquiries were recorded. 50.22% from Lagos, 23.13% from Abuja, and 26.65% from Port Harcourt. The complaint breakdown: Wrong debit @ 64.00%, CRC issues @35.00%, Disbursement @ 0%, Consumer Petition @0%. All complaints received will be taken up with concerned stakeholders.
Tele-sales Team Report
The report captures activities for the week in review.
Asset Creation report
For the period in review, Transactions disbursed are 26.9M.
Strategic Partnership Team Report
For the period in review, the total sales achieved is 5M (44% Of 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 liability generation is 115.51%% (22.2M) of the budget. Risk Asset Transaction Disbursed for the week 1.5M, Fresh Fund (RTN) for the Week 15, Reap Fund for the week 130K, Rollover for the week 6.3M, Liquidation for the week Nil. The report also captured Pending RTN transactions.
Cooperate Lease Team Report
shows all transactions of the existing operating lease clients and their outstanding payments. The report also captures transactions in the pipeline (operating lease).
Wealth Management Team Report
For the week in review Executive summary shows the Liquidity Requirement status as Fair. Week 3 experienced a net positive change in cash flow from 164M negative in week 3 to 184M positive. Wealth Managers reported a negative 187M total NetFlow, with 234 million inflows and 421 million outflows.
Credit Risk Management Report
The report shows Core underwriters approved 40 transactions and pushed back 14 transactions. The senior underwriters approved 32 transactions and pushed back 15. In the recovery space, the recovery, total recovery is 11.3M (29%) broken down as PDO is 9M at 47 counts (30% of the target). Extended interest recovery as 552K at 3 counts (10% of the target), Provisioned Accounts recovery as 1.7M at 22 counts (25% of the target).
Product Team Report
Captures ongoing and completed projects.
Business Operations Team Report
Captures ongoing and completed projects.
Legal Team Report
the report captures the activities for the period in review
RISK ASSET GENERATION REPORT
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | LAGOS BRANCH PERFORMANCE | ||||||||
| WEEK | 3 | Ending | 20-Jan-24 | ||||||
| BAL B/F | WEEK 3 | ACTUAL PERFORMANCE | ACTUAL | NET PERFORMANCE | CUMULATIVE 2024 BUDGET | BUDGET VARIANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
% CHANGE BETWEEN 2024 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan / Group Loan | 24,665,000.00 | 12,259,000.00 | 36,924,000.00 | - | 36,924,000.00 | 264,653,491.74 | -86% | 125,859,254.95 | -71% |
| Consumer Leases | - | - | 1,133,446.15 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | - | 0% | |||||
| SPBS | - | - | 72,675.00 | -100% | |||||
| Sub-Total | 24,665,000.00 | 12,259,000.00 | 36,924,000.00 | - | 36,924,000.00 | 265,786,937.89 | -86.11% | 125,931,929.95 | -71% |
| Corporate Leases | - | - | 2,017,710.72 | 0% | -100% | ||||
| Operating Leases | - | - | - | 57,404,755.20 | 0% | -100% | |||
| Business Support Loan/ACL-Corporate | - | - | - | 589,739.04 | 0% | -100% | |||
| Sub-Total | - | - | - | - | - | 60,012,204.97 | -100.00% | 60,012,204.97 | -100% |
| B2C - Products | 24,665,000.00 | 12,259,000.00 | 36,924,000.00 | - | 36,924,000.00 | 265,786,937.89 | -86% | 125,931,929.95 | -71% |
| B2B - Products | - | - | - | - | - | 60,012,204.97 | -100% | 60,012,204.97 | -100% |
| TOTAL FOR LAGOS | 24,665,000.00 | 12,259,000.00 | 36,924,000.00 | - | 36,924,000.00 | 325,799,142.86 | -88.67% | 185,944,134.92 | -80% |
| Cash Backed loan / Credit Card | - | - | 17,712,803.61 | -100% | - | 0% | |||
| Total Risk Assets & Cash-Backed Loan | 24,665,000.00 | 12,259,000.00 | 36,924,000.00 | - | 36,924,000.00 | 343,511,946.47 | -89.25% | 185,944,134.92 | -80% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 3 | Ending | 20-Jan-24 | ||||||
| BAL B/F | WEEK 3 | ACTUAL PERFORMANCE | ACTUAL | NET PERFORMANCE | CUMULATIVE 2024 BUDGET | BUDGET VARIANCE YEAR TO DATE |
PERFORMANCE YEAR TO DATE |
% CHANGE BETWEEN 2024 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan / Group Loan | 2,617,000.00 | 5,000,000.00 | 7,617,000.00 | - | 7,617,000.00 | 191,873,781.51 | -96% | 25,256,000.00 | -70% |
| Consumer Leases | - | - | 412,162.24 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 2,617,000.00 | 5,000,000.00 | 7,617,000.00 | - | 7,617,000.00 | 192,285,943.75 | -96% | 25,256,000.00 | -70% |
| Corporate Lease | - | - | 288,244.39 | -100% | 0% | ||||
| Operating Leases | - | - | 8,929,628.59 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 324,356.47 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 9,542,229.45 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 2,617,000.00 | 5,000,000.00 | 7,617,000.00 | - | 7,617,000.00 | 192,285,943.75 | -96% | 25,256,000.00 | -70% |
| B2B - Products | - | - | - | - | - | 9,542,229.45 | -100% | - | 0% |
| TOTAL FOR ABUJA | 2,617,000.00 | 5,000,000.00 | 7,617,000.00 | - | 7,617,000.00 | 201,828,173.20 | -96% | 25,256,000.00 | -70% |
| Cash Backed loan / Credit Card | - | - | 1,771,280.36 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 2,617,000.00 | 5,000,000.00 | 7,617,000.00 | - | 7,617,000.00 | 203,599,453.56 | -96% | 25,256,000.00 | -70% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 3 | Ending | 20-Jan-24 | ||||||
| BAL B/F | WEEK 3 | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2024 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 & 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan / Group Loan | 1,521,835.65 | 5,240,000.00 | 6,761,835.65 | - | 6,761,835.65 | 205,106,456.10 | -97% | 38,262,668.10 | -82% |
| Consumer Leases | - | - | 515,202.79 | -100% | 0% | ||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 1,521,835.65 | 5,240,000.00 | 6,761,835.65 | 0 | 6,761,835.65 | 205,621,658.89 | -96.71% | 38,262,668.10 | -82% |
| Corporate Leases | - | - | 576,488.78 | -100% | 0% | ||||
| Operating Leases | - | - | 61,231,738.88 | -100% | 300,000,250.00 | -100% | |||
| Business Support Loan/ACL-Corporate | - | - | 560,252.09 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 62,368,479.75 | -100.00% | 300,000,250.00 | -100% |
| - | 0% | ||||||||
| B2C - Products | 1,521,835.65 | 5,240,000.00 | 6,761,835.65 | - | 6,761,835.65 | 205,621,658.89 | -97% | 38,262,668.10 | -82% |
| B2B - Products | - | - | - | - | - | 62,368,479.75 | -100% | 300,000,250.00 | -100% |
| TOTAL FOR PORT HARCOURT | 1,521,835.65 | 5,240,000.00 | 6,761,835.65 | 0 | 6,761,835.65 | 267,990,138.65 | -97.48% | 338,262,918.10 | -98% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | - | - | - | 5,819,921.19 | -100% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 1,521,835.65 | 5,240,000.00 | 6,761,835.65 | 0 | 6,761,835.65 | 273,810,059.83 | -97.53% | 338,262,918.10 | -98% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 3 | Ending | PERFORMANCE YEAR TO DATE 2023 |
||||||
| BAL B/F | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 Vs 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan / Group Loan | 1,750,000.00 | 1,750,000.00 | 1,750,000.00 | 0% | 0% | ||||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 0.00% | 0 | 0% |
| Corporate Leases | - | - | 0% | 0% | |||||
| Operating Leases | - | - | 0% | 0% | |||||
| Business Support Loan/ACL-Corporate | - | - | 0% | 0% | |||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | 1,750,000.00 | - | 1,750,000.00 | - | 1,750,000.00 | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 1,750,000.00 | 0 | 0.00% | 0 | 0% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | OYO BRANCH PERFORMANCE | ||||||||
| WEEK | ACTUAL PERFOMANCE | Ending | PERFORMANCE YEAR TO DATE 2023 |
||||||
| BAL B/F | ACTUAL PERFOMANCE | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2022 | NET PERFORMANCE 2023 | CUMULATIVE 2022 BUDGET | BUDGET VARIANCE YEAR TO DATE 2024 |
PERFORMANCE YEAR TO DATE 2023 |
% CHANGE BETWEEN 2024 Vs 2023 | |
| ACTUAL PERFOMANCE | YEAR TO DATE | PRE-LIQUIDATED LOANS | YEAR TO DATE | ||||||
| 2024 | 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 Vs 2023 | ||
| PRODUCTS | |||||||||
| Personal Loan / Public Sector Employee Loan / Group Loan | - | - | 0% | 0% | |||||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| Corporate Leases | - | 0% | 0% | ||||||
| Operating Leases | - | 0% | 0% | ||||||
| Business Support Loan/ACL-Corporate | - | 0% | 0% | ||||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| - | 0% | ||||||||
| B2C - Products | - | - | - | - | - | - | 0% | - | 0% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 0 | 0 | 0 | 0 | 0 | 0 | 0.00% | 0 | 0% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 3 | Ending | 20-Jan-24 | ||||||
| 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 2024 & 2023 (ACTUAL) |
| 2024 | 2024 | 2024 | 2024 | 2024 | 2023 | 2024 | |||
| TENOR FUND | 295,440,816.94 | 184,150,000.00 | 251,284,670.44 | -67,134,670.44 | 49,886,835.86 | 228,306,146.50 | 111,324,686.58 | 178,419,310.64 | 105% |
| R-WIN | 99,232.01 | 470,000.00 | 822,966.68 | -352,966.68 | 1,096,413.98 | -253,734.67 | 2,681,186.79 | -1,350,148.65 | -109% |
| REAP PRODUCT | 960,990.05 | 495,000.00 | 1,676,232.61 | -1,181,232.61 | 3,837,448.91 | -220,242.56 | -6,268,394.93 | -4,057,691.47 | -96% |
| RBIP | - | ||||||||
| TOTAL | 296,501,039.00 | 185,115,000.00 | 253,783,869.73 | -68,668,869.73 | 54,820,698.75 | 227,832,169.27 | 107,737,478.44 | 173,011,470.52 | 111% |
| ABUJA | |||||||||
| TENOR FUND | -238,613.18 | 1,500,000.00 | 1,500,000.00 | 22,171,927.05 | 1,261,386.82 | 11,794.69 | -20,910,540.23 | 10595% | |
| R-WIN | - | - | 487,295.10 | - | - | -487,295.10 | - | ||
| REAP PRODUCT | 120,000.00 | - | 1,705,532.85 | 120,000.00 | 130,000.00 | -1,585,532.85 | -8% | ||
| TOTAL | -118,613.18 | 1,500,000.00 | - | 1,500,000.00 | 24,364,755.00 | 1,381,386.82 | 141,794.69 | -22,983,368.18 | 874% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | 296,382,425.82 | 186,615,000.00 | 253,783,869.73 | -67,168,869.73 | 79,185,453.75 | 229,213,556.09 | 107,879,273.13 | - | 112% |
| PORT-HARCOURT | |||||||||
| WEEK 3 | |||||||||
| TENOR FUND | 45,444,151.54 | 26,600,000.00 | 261,714,391.09 | -235,114,391.09 | 38,800,872.34 | -189,670,239.55 | 82,729,821.14 | -228,471,111.89 | -329% |
| R-WIN | 250,000.00 | 700,000.00 | -700,000.00 | 852,766.46 | -450,000.00 | 280,000.00 | -1,302,766.46 | -261% | |
| REAP PRODUCT | -340,275.64 | 100,000.00 | 100,000.00 | 2,984,682.45 | -240,275.64 | 1,831,431.58 | -3,224,958.09 | -113% | |
| 45,353,875.90 | 26,700,000.00 | 262,414,391.09 | -235,714,391.09 | 42,638,321.25 | -190,360,515.19 | 84,841,252.72 | -232,998,836.44 | -324% | |
| 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 | 340,646,355.30 | 212,250,000.00 | 512,999,061.53 | -300,749,061.53 | 110,859,635.25 | 39,897,293.77 | 194,066,302.41 | -70,962,341.48 | -79% |
| R-WIN | 349,232.01 | 470,000.00 | 1,522,966.68 | -1,052,966.68 | 2,436,475.54 | -703,734.67 | 2,961,186.79 | -3,140,210.21 | -124% |
| REAP PRODUCT | 740,714.41 | 595,000.00 | 1,676,232.61 | -1,081,232.61 | 8,527,664.21 | -340,518.20 | -4,306,963.35 | -8,868,182.41 | -92% |
| RBIP | - | - | - | 0% | |||||
| 341,736,301.72 | 213,315,000.00 | 516,198,260.82 | -302,883,260.82 | 121,823,775.00 | 38,853,040.90 | 192,720,525.85 | -82,970,734.10 | -80% |
MEETING ADJOURNMENT
Ezinne Umozurike seconded by Godfrey Egbuokporo adjourned the meeting
Faith Ozegbe said the closing prayers
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