Week 18 04-29-2024
MANAGEMENT MEETING
Duration: 8:30 am - 10:11 am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe
ATTENDEES
ADETAYO OLUKOGA - Asset Creation
AJIBOLA ABDILFATAI - Portfolio Risk Officer
AMOTO SERIKI - Internal Operations
ANTHONIA OGBU - Head, Underwriting
CHIMA AGU - Ag. Head, Client Experience Management
CHINEDU UGWU - Legal
EDNA EJIMAKOR - Branch Head Port Harcourt
EMMANUEL ONAKOYA - Head, CRM
GBENGA AJAYI - Lead, Wealth Management
GODFREY EGBUOKPORO - Ag. Head, Communications
FAITH OZEGBE - Acting Secretary
ISIMEMEN EBOHIMEN - Accounts
ITIEKHAO IKPEMINOGENA - General Manager
LINDA OTTAH-IJEKEYE - Brokers Admin
LOLO YOUNG-HARRY - Sales
KEJI NWANNE - Sales
OLUWADAMILARE OLAYINKA - Head, Transformation
OLUWAFEMI SIYANBOLA - Sales
OLUWOLE EWEJOBI - Head, Information Technology
OLUWATONI LAWAL - Head, Telesales
OMOWALE BELLO - Cooperate Lease
OWOICHO AGADA - Ag. Head, Human Resources
SAMUEL OTTAH - Product Development
SOPHIA DAGI - Ag Head, Client Experience Management
STANLEY MAFUVWE - Lead, Asset Remedial Management
TTAIWO AJAGUNSEGUN - Business Operations
Sophia Dagi said the opening prayer
ORDER OF PRESENTATION
Telesales, Asset Creation, Brokers, Corporate Lease, Wealth Management, Credit Risk Management and Legal
ACTIVITY REPORT (22nd – 26th April, 2024)
Tele-sales Team Report
The total amount consummated by the team for the week in review is 7.5M at 7 counts (26% of the target) with the core telesales and customer retention team consummating 2.9M (30% of the week’s target) at 5 counts and 4.5M (24% of the week’s target) at 2 counts respectively.
Asset Creation report
For the period in review, Transactions disbursed are 170.3M.
Brokers Admin Team Report
The week in review shows liability generation is 17.62% (15.2M) of the budget. Risk Asset Transaction Disbursed for the week Nil, Fresh Fund (RTN) for the Week 8.8M, Reap Fund for the week 150K, Rollover for the week 6.3M, Liquidation for the week 8.1M. 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, the Executive summary shows the Liquidity Requirement status as CRITICAL (27%). Week 17 experienced a net negaitive change in cash flow from 32M negative in week 16 to 19M positive. Wealth Management reported a positive 19M total NetFlow, with 42 million inflows and 23 million outflows.
Credit Risk Management Report
The report shows Core underwriters approved 90 transactions and pushed back 57 transactions. The senior underwriters approved 79 transactions and pushed back 19. In the recovery space, total recovery is 15.2M(39.52%) broken down as PDO is 11.1M (21.3% of the target). Extended interest recovery as 1.6M at 15 counts (30.9% of the target), Provisioned Accounts recovery as 2.4M at 27 counts (35.6% of the target).
Legal Team Report
The report captures the litigation and other tasks for the week in review
RISK ASSET GENERATION REPORT
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | LAGOS BRANCH PERFORMANCE | ||||||||
| WEEK | 17 | Ending | 27-Apr-24 | ||||||
| BAL B/F | WEEK 17 | 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 | 374,921,500.00 | 52,859,000.00 | 427,780,500.00 | - | 427,780,500.00 | 1,499,703,119.87 | -71% | 802,815,487.84 | -47% |
| Consumer Leases | - | - | 6,422,861.50 | -100% | 4,533,941.97 | -100% | |||
| Asset Cash Loan | - | - | 0% | ||||||
| SPBS | - | - | 0% | ||||||
| Sub-Total | 374,921,500.00 | 52,859,000.00 | 427,780,500.00 | - | 427,780,500.00 | 1,506,125,981.37 | -71.60% | 807,349,429.81 | -47% |
| Corporate Leases | 92,125,000.00 | 92,125,000.00 | 92,125,000.00 | 11,433,694.11 | 0% | 706% | |||
| Operating Leases | - | - | - | 325,293,612.83 | 0% | 55000000 | -100% | ||
| Business Support Loan/ACL-Corporate | - | - | - | 3,341,854.58 | 0% | 10000000 | -100% | ||
| Sub-Total | - | 92,125,000.00 | 92,125,000.00 | - | 92,125,000.00 | 340,069,161.51 | -72.91% | 65,000,000.00 | 42% |
| B2C - Products | 374,921,500.00 | 52,859,000.00 | 427,780,500.00 | - | 427,780,500.00 | 1,506,125,981.37 | -72% | 807,349,429.81 | -47% |
| B2B - Products | - | 92,125,000.00 | 92,125,000.00 | - | 92,125,000.00 | 340,069,161.51 | -73% | 65,000,000.00 | 42% |
| TOTAL FOR LAGOS | 374,921,500.00 | 144,984,000.00 | 519,905,500.00 | - | 519,905,500.00 | 1,846,195,142.88 | -71.84% | 872,349,429.81 | -40% |
| Cash Backed loan / Credit Card | 19,450,000.00 | 19,450,000.00 | 19,450,000.00 | 100,372,553.78 | -81% | 1,350,000.00 | 1341% | ||
| Total Risk Assets & Cash-Backed Loan | 394,371,500.00 | 144,984,000.00 | 539,355,500.00 | - | 539,355,500.00 | 1,946,567,696.65 | -72.29% | 873,699,429.81 | -38% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ABUJA BRANCH PERFORMANCE | ||||||||
| WEEK | 17 | Ending | 27-Apr-24 | ||||||
| BAL B/F | WEEK 17 | 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 | 80,615,000.00 | 8,160,000.00 | 88,775,000.00 | - | 88,775,000.00 | 1,087,284,761.90 | -92% | 220,041,297.00 | -60% |
| Consumer Leases | - | - | 2,335,586.00 | -100% | - | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Abuja | 80,615,000.00 | 8,160,000.00 | 88,775,000.00 | - | 88,775,000.00 | 1,089,620,347.90 | -92% | 220,041,297.00 | -60% |
| Corporate Lease | - | - | 1,633,384.87 | -100% | 0% | ||||
| Operating Leases | - | - | 50,601,228.66 | -100% | 0% | ||||
| Business Support Loan/ACL-Corporate | - | - | 1,838,020.02 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | - | - | - | - | - | 54,072,633.55 | -100% | - | 0% |
| - | |||||||||
| B2C - Products | 80,615,000.00 | 8,160,000.00 | 88,775,000.00 | - | 88,775,000.00 | 1,089,620,347.90 | -92% | 220,041,297.00 | -60% |
| B2B - Products | - | - | - | - | - | 54,072,633.55 | -100% | - | 0% |
| TOTAL FOR ABUJA | 80,615,000.00 | 8,160,000.00 | 88,775,000.00 | - | 88,775,000.00 | 1,143,692,981.45 | -92% | 220,041,297.00 | -60% |
| Cash Backed loan / Credit Card | - | - | 10,037,255.38 | -100% | 0% | ||||
| Total Risk Assets & Cash-Backed Loan | 80,615,000.00 | 8,160,000.00 | 88,775,000.00 | - | 88,775,000.00 | 1,153,730,236.83 | -92% | 220,041,297.00 | -60% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | PORT-HARCOURT BRANCH PERFORMANCE | ||||||||
| WEEK | 17 | Ending | 27-Apr-24 | ||||||
| BAL B/F | WEEK 17 | PERFORMANCE YEAR TO DATE 2023 | PRE-LIQUIDATED LOANS 2024 | 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 | 109,347,493.34 | 10,623,000.00 | 119,970,493.34 | - | 119,970,493.34 | 1,162,269,917.89 | -90% | 214,295,863.40 | -44% |
| Consumer Leases | 159,300.00 | 159,300.00 | 159,300.00 | 2,919,482.50 | -95% | 0% | |||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 109,506,793.34 | 10,623,000.00 | 120,129,793.34 | 0 | 120,129,793.34 | 1,165,189,400.40 | -89.69% | 214,295,863.40 | -44% |
| Corporate Leases | - | - | 3,266,769.74 | -100% | 0% | ||||
| Operating Leases | - | - | 346,979,853.68 | -100% | 336,000,250.00 | -100% | |||
| Business Support Loan/ACL-Corporate | - | - | 3,174,761.85 | -100% | 0% | ||||
| Sub-Total B 2 B Leases | 0 | 0 | 0 | 0 | 0 | 353,421,385.27 | -100.00% | 336,000,250.00 | -100% |
| - | 0% | ||||||||
| B2C - Products | 109,506,793.34 | 10,623,000.00 | 120,129,793.34 | - | 120,129,793.34 | 1,165,189,400.40 | -90% | 214,295,863.40 | -44% |
| B2B - Products | - | - | - | - | - | 353,421,385.27 | -100% | 336,000,250.00 | -100% |
| TOTAL FOR PORT HARCOURT | 109,506,793.34 | 10,623,000.00 | 120,129,793.34 | 0 | 120,129,793.34 | 1,518,610,785.67 | -92.09% | 550,296,113.40 | -78% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | - | - | - | 32,979,553.38 | -100% | 0 | 0% | ||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 109,506,793.34 | 10,623,000.00 | 120,129,793.34 | 0 | 120,129,793.34 | 1,551,590,339.05 | -92.26% | 550,296,113.40 | -78% |
| ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT | ANAMBRA BRANCH PERFORMANCE | ||||||||
| WEEK | WEEK 17 | 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 | 10,747,000.00 | 889,000.00 | 11,636,000.00 | 11,636,000.00 | 0% | 9,968,000.00 | 17% | ||
| Consumer Leases | - | - | 0% | 0% | |||||
| Asset Cash Loan | - | - | 0% | 0% | |||||
| SPBS | - | - | 0% | 0% | |||||
| Sub-Total Port Harcourt | 10,747,000.00 | 889,000.00 | 11,636,000.00 | 0 | 11,636,000.00 | 0 | 0.00% | 9,968,000.00 | 17% |
| 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 | 10,747,000.00 | 889,000.00 | 11,636,000.00 | - | 11,636,000.00 | - | 0% | 9,968,000.00 | 17% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR ANAMBRA | 10,747,000.00 | 889,000.00 | 11,636,000.00 | 0 | 11,636,000.00 | 0 | 0.00% | 9,968,000.00 | 17% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0% | |||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 10,747,000.00 | 889,000.00 | 11,636,000.00 | 0 | 11,636,000.00 | 0 | 0.00% | 9,968,000.00 | 17% |
| 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 2024 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 | 10,630,000.00 | 4,370,000.00 | 15,000,000.00 | 15,000,000.00 | 0% | 10,865,000.00 | 38% | ||
| Consumer Leases | - | 0% | 0% | ||||||
| Asset Cash Loan | - | 0% | 0% | ||||||
| SPBS | - | 0% | 0% | ||||||
| Sub-Total Port Harcourt | 10,630,000.00 | 4,370,000.00 | 15,000,000.00 | 0 | 15,000,000.00 | 0 | 0.00% | 10,865,000.00 | 38% |
| 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 | 10,630,000.00 | 4,370,000.00 | 15,000,000.00 | - | 15,000,000.00 | - | 0% | 10,865,000.00 | 38% |
| B2B - Products | - | - | - | - | - | - | 0% | - | 0% |
| TOTAL FOR OYO | 10,630,000.00 | 4,370,000.00 | 15,000,000.00 | 0 | 15,000,000.00 | 0 | 0.00% | 10,865,000.00 | 38% |
| 0% | 0% | ||||||||
| Cash Backed loan / Credit Card | 0% | 0 | 0% | ||||||
| 0% | 0% | ||||||||
| Total Risk Assets & Cash-Backed Loan | 10,630,000.00 | 4,370,000.00 | 15,000,000.00 | 0 | 15,000,000.00 | 0 | 0.00% | 10,865,000.00 | 38% |
TREASURY MANAGEMENT REPORT
| ROSABON FINANCIAL SERVICES | LIABILITY GENERATION REPORT | ||||||||
| WEEK | 17 | Ending | 27-Apr-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 | 689,520,732.66 | 37,920,000.00 | 8,905,885.16 | 29,014,114.84 | 1,147,432,616.12 | 718,534,847.50 | 9,552,281.88 | -428,897,768.62 | 7422% |
| R-WIN | -10,449,055.96 | 280,000.00 | 925,720.86 | -645,720.86 | 24,413,459.92 | -11,094,776.82 | -10,543,524.81 | -35,508,236.74 | 5% |
| REAP PRODUCT | 5,343,827.74 | 820,000.00 | 108,450.51 | 711,549.49 | 48,826,919.84 | 6,055,377.23 | -1,230,522.96 | -42,771,542.61 | -592% |
| RBIP | - | ||||||||
| TOTAL | 684,415,504.44 | 39,020,000.00 | 9,940,056.53 | 29,079,943.47 | 1,220,672,995.88 | 713,495,447.91 | -2,221,765.89 | -507,177,547.97 | -32214% |
| ABUJA | |||||||||
| TENOR FUND | 77,689,486.43 | 11,262,179.57 | -11,262,179.57 | 638,306,885.79 | 66,427,306.86 | -16,896,586.01 | -571,879,578.93 | -493% | |
| R-WIN | - | - | 13,580,997.57 | - | - | -13,580,997.57 | - | ||
| REAP PRODUCT | -2,043,247.61 | - | 27,161,995.14 | -2,043,247.61 | -351,683.61 | -29,205,242.75 | 481% | ||
| TOTAL | 75,646,238.82 | - | 11,262,179.57 | -11,262,179.57 | 679,049,878.50 | 64,384,059.25 | -17,248,269.62 | -614,665,819.25 | -473% |
| WARRI | |||||||||
| TENOR FUND | - | - | - | - | - | 0% | |||
| R-WIN | - | - | - | - | - | - | 0% | ||
| REAP PRODUCT | - | - | - | - | - | - | 0% | ||
| TOTAL | - | - | - | - | - | - | - | 0% | |
| TOTAL | 760,061,743.26 | 39,020,000.00 | 21,202,236.10 | 17,817,763.90 | 1,899,722,874.38 | 777,879,507.16 | -19,470,035.51 | - | -4095% |
| PORT-HARCOURT | |||||||||
| WEEK 17 | |||||||||
| TENOR FUND | 30,850,204.90 | 38,506,000.00 | 9,537,541.60 | 28,968,458.40 | 747,224,330.59 | 59,818,663.30 | 354,265,914.17 | -687,405,667.29 | -83% |
| R-WIN | -1,903,457.29 | - | 15,898,390.01 | -1,903,457.29 | 535,000.00 | -17,801,847.30 | -456% | ||
| REAP PRODUCT | 962,608.63 | - | 31,796,780.03 | 962,608.63 | 788,705.27 | -30,834,171.40 | 22% | ||
| 29,909,356.24 | 38,506,000.00 | 9,537,541.60 | 28,968,458.40 | 794,919,500.63 | 58,877,814.64 | 355,589,619.44 | -736,041,685.99 | -83% | |
| 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 | 798,060,423.99 | 76,426,000.00 | 29,705,606.33 | 46,720,393.67 | 2,532,963,832.50 | 844,780,817.66 | 346,921,610.04 | -1,688,183,014.84 | 144% |
| R-WIN | -12,352,513.25 | 280,000.00 | 925,720.86 | -645,720.86 | 53,892,847.50 | -12,998,234.11 | -10,008,524.81 | -66,891,081.61 | 30% |
| REAP PRODUCT | 4,263,188.76 | 820,000.00 | 108,450.51 | 711,549.49 | 107,785,695.00 | 4,974,738.25 | -793,501.30 | -102,810,956.75 | -727% |
| RBIP | - | - | - | 0% | |||||
| 789,971,099.50 | 77,526,000.00 | 30,739,777.70 | 46,786,222.30 | 2,694,642,375.00 | 836,757,321.80 | 336,119,583.93 | -1,857,885,053.20 | 149% |
Meeting Adjournment
Samuel Ottah seconded by Faith Ozegbe adjourned the meeting