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Week 21 05-20-2024

MANAGEMENT MEETING
Duration: 8:30am - 11:38am10:17am
Venue: Virtual Via Google Meet
Presided by: Faith Ozegbe

ATTENDEES

ABDULLAHI NAJIMUDEEN        - Lead, internal Operations
ADETAYO OLUKOGA                 -  Asset Creation
AJA IJI                                       - Branch Head Abuja
AJIBOLA ABDILFATAI                 - Portfolio Risk Officer
AMOTO SERIKI                          - Internal Operations 
ANTHONIA OGBU                    - Lead, Underwriting
CHIMA AGU                              - Ag, Lead Client Experience Management
CHINEDU UGWU                      - Legal
EDNA EJIMAKOR                       - Branch Head, Port-Harcourt
EMMANUEL ONAKOYA             - Lead, CRM
EZINNE UMORZURIKE               - Lead, Legal
GODFREY EGBUOKPORO          - Lead, Communications
FAITH OZEGBE                           -  Acting Secretary
ISIMEMEN EBHOMIEN              -  Accounts
ITIEKHAO IKPEMINOGENA        -  General Manager
KHADIJAH RAJI                          - Relationship Manager, Corporate Lease
LINDA OTTAH-IJEKEYE                -  Brokers Admin
LOLO YOUNG-HARRY                 - Sales
OLUWADAMILARE OLAYINKA     - lead, Transformation
OLUWAFEMI SIYANBOLA            - Sales
OLUWATONI LAWAL                    - Lead, Telesales
OLUWOLE EWEJOBI                     -  Head, Information Technology
OMOWALE BELLO                        -  Cooperate Lease
OWOICHO AGADA                       - Product Development
PETER OJUKWU                           - Asset Remedial
SAMUEL OTTAH                            - Product Development 
SOPHIA DAGI                               -  Deputy National channelChannel managerManager
STANLEY MAFUVWE                    - Lead, Asset Remedial Management
TAIWO AJAGUNSEGUN                - Business Operations

Owoicho Agada said the opening prayer 

MINUTE ADOPTION
Owoicho Agada Linda Ottah-Ijekeye seconded by Faith Ozegbe

ORDER OF PRESENTATION
Account, Client experience,Experience, STele Telesales,sales, Asset Creation, Corporate Lease, Port Harcourt, Wealth Management, Credit Risk Management, Product Development, Business Operations, Transformation, Legal, Information TechnologyTechnology, and Internal Operations.

ACTIVITY REPORT (13th – 17th May, 2024)

Account Team Report
The report shows the Asset Creation and Liability Generation for the period under review

Client Experience Management Team Report
For the period in review, 289302 inquiries were recorded.recorded, 79.47% - Lagos, 3.64% - Port Harcourt, and 16.88% - Abuja. The complaint breakdown: Wrong debit @ 74.42%61.11%, CRC issues @9.30%@19.44%, Disbursement @ 16.28%67%,Double debit @ 0%2.78%. All complaints received will be taken up with the concerned stakeholder

Communication Team Report
shows the activities for the period in reviewstakeholders

Tele-sales Team Report
The total amount consummated by the team for the week in review is 14.7M23.6M  with the core telesales and customer retention team consummating 13.21.7M (138%217% of the week’s target) at 3 counts and 1M19M (5%7% of the week’s target) at 12 count respectively.

 Asset Creation report
For the period in review, Transactions disbursed are 70.3M102.1M. 

Brokers Admin Team Report
The week in review shows liability generation is 413.83% (3.4M)11.9M) of the budget. Risk Asset Transaction Disbursed for the week 2.1M,1.3M, Fresh Fund (RTN) for the Week 3.2M,6M, Reap Fund for the week 270K,60K, Rollover for the week Nil,5.9M, Liquidation for the week 2.1M. 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 Executive summary shows the Liquidity Requirement status as CRITICALFAIR (24%53%). Week 1820 experienced a net negative change in cash flow from 19M119M positive in week 1719 to 2319M negativepositive. Wealth Management reported a negativepositive 23M19M total NetFlow, with 12250 million inflows and 35231  million outflows.

Credit Risk Management Report
The report shows Core underwriters approved 76110 transactions and pushed back 3544 transactions. The senior underwriters approved 63108 transactions and pushed back 20.19. In the recovery space, the total recovery is 18.8M13M (48.82%35.80%) broken down as PDO is 11.6M9.1M (24.77%19.47% of the target). Extended interest recovery as 3.4M2.9M at 1555 counts (63.41%26% of the target), Provisioned Accounts recovery as 3.7M1.6M at 4429 counts (54.1%24% of the target).

Product Development Team Report
Captures ongoing and completed projects.

Business Development Team Report
Captures ongoing and completed projects.

RISK ASSET GENERATION REPORT

          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   LAGOS BRANCH PERFORMANCE    
 WEEK20 Ending   18-May-24 
 BAL B/FWEEK 20ACTUAL PERFORMANCEACTUALNET PERFORMANCECUMULATIVE 2024 BUDGETBUDGET VARIANCE
YEAR TO DATE		PERFORMANCE
YEAR TO DATE		% CHANGE BETWEEN 2024 & 2023
  ACTUAL PERFOMANCEYEAR TO DATEPRE-LIQUIDATED LOANSYEAR TO DATE    
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan529,201,382.0072,610,000.00601,811,382.00-601,811,382.001,764,356,611.61-66%914,257,487.84-34%
Consumer Leases  - -7,556,307.65-100%4,533,941.97-100%
Asset Cash Loan  - - 0%
SPBS  - - 0%
Sub-Total529,201,382.0072,610,000.00601,811,382.00-601,811,382.001,771,912,919.26-66.04%918,791,429.81-34%
Corporate Leases92,125,000.00 92,125,000.00 92,125,000.0013,451,404.830% 585%
Operating Leases- - -382,698,368.030%55000000-100%
Business Support Loan/ACL-Corporate- - -3,931,593.620%10000000-100%
Sub-Total92,125,000.00-92,125,000.00-92,125,000.00400,081,366.48-76.97%65,000,000.0042%
          
B2C - Products529,201,382.0072,610,000.00601,811,382.00-601,811,382.001,771,912,919.26-66%918,791,429.81-34%
B2B - Products92,125,000.00-92,125,000.00-92,125,000.00400,081,366.48-77%65,000,000.0042%
TOTAL FOR LAGOS621,326,382.0072,610,000.00693,936,382.00-693,936,382.002,171,994,285.74-68.05%983,791,429.81-29%
          
Cash Backed loan / Credit Card22,850,000.00 22,850,000.00 22,850,000.00118,085,357.38-81%1,850,000.001135%
          
Total Risk Assets & Cash-Backed Loan644,176,382.0072,610,000.00716,786,382.00-716,786,382.002,290,079,643.12-68.70%985,641,429.81-27%
          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   ABUJA BRANCH PERFORMANCE    
 WEEK20 Ending   18-May-24 
 BAL B/FWEEK 20ACTUAL PERFORMANCEACTUALNET PERFORMANCECUMULATIVE 2024 BUDGETBUDGET VARIANCE
YEAR TO DATE		PERFORMANCE
YEAR TO DATE		% CHANGE BETWEEN 2024 & 2023
  ACTUAL PERFOMANCEYEAR TO DATEPRE-LIQUIDATED LOANSYEAR TO DATE    
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan103,459,000.008,589,350.28112,048,350.28-112,048,350.281,279,158,543.42-91%259,175,663.86-57%
Consumer Leases  - -2,747,748.23-100%-0%
Asset Cash Loan  - -0%0%
SPBS  - -0%0%
Sub-Total Abuja103,459,000.008,589,350.28112,048,350.28-112,048,350.281,281,906,291.65-91%259,175,663.86-57%
Corporate Lease  - -1,921,629.26-100% 0%
Operating Leases  - -59,530,857.25-100% 0%
Business Support Loan/ACL-Corporate  - -2,162,376.49-100% 0%
Sub-Total B 2 B Leases-----63,614,863.00-100%-0%
     -    
B2C - Products103,459,000.008,589,350.28112,048,350.28-112,048,350.281,281,906,291.65-91%259,175,663.86-57%
B2B - Products-----63,614,863.00-100%-0%
TOTAL FOR ABUJA103,459,000.008,589,350.28112,048,350.28-112,048,350.281,345,521,154.65-92%259,175,663.86-57%
          
Cash Backed loan / Credit Card  - -11,808,535.74-100% 0%
          
Total Risk Assets & Cash-Backed Loan103,459,000.008,589,350.28112,048,350.28-112,048,350.281,357,329,690.39-92%259,175,663.86-57%
          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   PORT-HARCOURT BRANCH PERFORMANCE    
 WEEK20 Ending   18-May-24 
 BAL B/FWEEK 20PERFORMANCE YEAR TO DATE 2023PRE-LIQUIDATED LOANS 2024NET PERFORMANCE 2023CUMULATIVE 2024 BUDGETBUDGET VARIANCE
YEAR TO DATE 2024		PERFORMANCE
YEAR TO DATE 2023		% CHANGE BETWEEN 2024 & 2023
  ACTUAL PERFOMANCEYEAR TO DATEPRE-LIQUIDATED LOANSYEAR TO DATE    
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan136,423,493.3413,270,000.00149,693,493.34-149,693,493.341,367,376,373.99-89%260,021,863.40-42%
Consumer Leases159,300.00 159,300.00 159,300.003,434,685.30-95% 0%
Asset Cash Loan  - -0% 0%
SPBS  - -0% 0%
Sub-Total Port Harcourt136,582,793.3413,270,000.00149,852,793.340149,852,793.341,370,811,059.29-89.07%260,021,863.40-42%
Corporate Leases  - -3,843,258.52-100% 0%
Operating Leases  - -408,211,592.57-100%336,000,250.00-100%
Business Support Loan/ACL-Corporate  - -3,735,013.94-100% 0%
Sub-Total B 2 B Leases00000415,789,865.03-100.00%336,000,250.00-100%
       - 0%
B2C - Products136,582,793.3413,270,000.00149,852,793.34-149,852,793.341,370,811,059.29-89%260,021,863.40-42%
B2B - Products-----415,789,865.03-100%336,000,250.00-100%
TOTAL FOR PORT HARCOURT136,582,793.3413,270,000.00149,852,793.340149,852,793.341,786,600,924.32-91.61%596,022,113.40-75%
       0% 0%
Cash Backed loan / Credit Card-50,000,000.0050,000,000.00 50,000,000.0038,799,474.5729%00%
       0% 0%
Total Risk Assets & Cash-Backed Loan136,582,793.3463,270,000.00199,852,793.340199,852,793.341,825,400,398.88-89.05%596,022,113.40-66%
          
          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   ANAMBRA BRANCH PERFORMANCE    
 WEEKWEEK 20 Ending   PERFORMANCE
YEAR TO DATE 2023		 
 BAL B/FACTUAL PERFOMANCEPERFORMANCE YEAR TO DATE 2023PRE-LIQUIDATED LOANS 2022NET PERFORMANCE 2023CUMULATIVE 2022 BUDGETBUDGET VARIANCE
YEAR TO DATE 2024		PERFORMANCE
YEAR TO DATE 2023		% CHANGE BETWEEN 2024 Vs 2023
  ACTUAL PERFOMANCEYEAR TO DATEPRE-LIQUIDATED LOANSYEAR TO DATE    
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan12,781,000.00410,000.0013,191,000.00 13,191,000.00 0%13,211,000.000%
Consumer Leases  - - 0% 0%
Asset Cash Loan  - -0% 0%
SPBS  - -0% 0%
Sub-Total Port Harcourt12,781,000.00410,000.0013,191,000.00013,191,000.0000.00%13,211,000.000%
Corporate Leases  - - 0% 0%
Operating Leases  - - 0% 0%
Business Support Loan/ACL-Corporate  - - 0% 0%
Sub-Total B 2 B Leases0000000.00%00%
       - 0%
B2C - Products12,781,000.00410,000.0013,191,000.00-13,191,000.00-0%13,211,000.000%
B2B - Products------0%-0%
TOTAL FOR ANAMBRA12,781,000.00410,000.0013,191,000.00013,191,000.0000.00%13,211,000.000%
       0% 0%
Cash Backed loan / Credit Card      0% 0%
       0% 0%
Total Risk Assets & Cash-Backed Loan12,781,000.00410,000.0013,191,000.00013,191,000.0000.00%13,211,000.000%
          
          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   OYO BRANCH PERFORMANCE    
 WEEKACTUAL PERFOMANCE Ending   PERFORMANCE
YEAR TO DATE 2023		 
 BAL B/FACTUAL PERFOMANCEPERFORMANCE YEAR TO DATE 2023PRE-LIQUIDATED LOANS 2022NET PERFORMANCE 2023CUMULATIVE 2024 BUDGETBUDGET VARIANCE
YEAR TO DATE 2024		PERFORMANCE
YEAR TO DATE 2023		% CHANGE BETWEEN 2024 Vs 2023
  ACTUAL PERFOMANCEYEAR TO DATEPRE-LIQUIDATED LOANSYEAR TO DATE    
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan19,890,000.001,820,000.0021,710,000.00 21,710,000.00 0%16,446,000.0032%
Consumer Leases    - 0% 0%
Asset Cash Loan    -0% 0%
SPBS    -0% 0%
Sub-Total Port Harcourt19,890,000.001,820,000.0021,710,000.00021,710,000.0000.00%16,446,000.0032%
Corporate Leases    - 0% 0%
Operating Leases    - 0% 0%
Business Support Loan/ACL-Corporate    - 0% 0%
Sub-Total B 2 B Leases0000000.00%00%
       - 0%
B2C - Products19,890,000.001,820,000.0021,710,000.00-21,710,000.00-0%16,446,000.0032%
B2B - Products------0%-0%
TOTAL FOR OYO19,890,000.001,820,000.0021,710,000.00021,710,000.0000.00%16,446,000.0032%
       0% 0%
Cash Backed loan / Credit Card      0%00%
       0% 0%
Total Risk Assets & Cash-Backed Loan19,890,000.001,820,000.0021,710,000.00021,710,000.0000.00%16,446,000.0032%
          
          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   ONDO BRANCH PERFORMANCE    
 WEEKACTUAL PERFOMANCE Ending   PERFORMANCE
YEAR TO DATE 2023		 
 BAL B/FACTUAL PERFOMANCEPERFORMANCE YEAR TO DATE 2023PRE-LIQUIDATED LOANS 2024NET PERFORMANCE 2023CUMULATIVE 2022 BUDGETBUDGET VARIANCE
YEAR TO DATE 2024		PERFORMANCE
YEAR TO DATE 2023		% CHANGE BETWEEN 2024 Vs 2023
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan  - - 0%2,340,000.00-100%
Consumer Leases    - 0% 0%
Asset Cash Loan    -0% 0%
SPBS    -0% 0%
Sub-Total Port Harcourt0000000.00%2,340,000.00-100%
Corporate Leases    - 0% 0%
Operating Leases    - 0% 0%
Business Support Loan/ACL-Corporate    - 0% 0%
Sub-Total B 2 B Leases0000000.00%00%
       - 0%
B2C - Products------0%2,340,000.00-100%
B2B - Products------0%-0%
TOTAL FOR ONDO0000000.00%2,340,000.00-100%
       0% 0%
Cash Backed loan / Credit Card      0%00%
       0% 0%
Total Risk Assets & Cash-Backed Loan0000000.00%2,340,000.00-100%
          
          
ROSABON FINANCIAL SERVICES LTD- RISK ASSET GENERATION REPORT   KANO BRANCH PERFORMANCE    
 WEEKACTUAL PERFOMANCE Ending   PERFORMANCE
YEAR TO DATE 2023		 
 BAL B/F PERFORMANCE YEAR TO DATE 2023PRE-LIQUIDATED LOANS 2024NET PERFORMANCE 2023CUMULATIVE 2022 BUDGETBUDGET VARIANCE
YEAR TO DATE 2024		PERFORMANCE
YEAR TO DATE 2023		% CHANGE BETWEEN 2024 Vs 2023
  20242024202420242024202420232024 Vs 2023
PRODUCTS         
Personal Loan / Public Sector Employee Loan / Group Loan16,220,000.001,240,000.0017,460,000.00 17,460,000.00 0% 0%
Consumer Leases    - 0% 0%
Asset Cash Loan    -0% 0%
SPBS    -0% 0%
Sub-Total Port Harcourt16,220,000.001,240,000.0017,460,000.00017,460,000.0000.00%00%
Corporate Leases    - 0% 0%
Operating Leases    - 0% 0%
Business Support Loan/ACL-Corporate    - 0% 0%
Sub-Total B 2 B Leases0000000.00%00%
       - 0%
B2C - Products16,220,000.001,240,000.0017,460,000.00-17,460,000.00-0%-0%
B2B - Products------0%-0%
TOTAL FOR ONDO16,220,000.001,240,000.0017,460,000.00017,460,000.0000.00%00%
       0% 0%
Cash Backed loan / Credit Card      0%00%
       0% 0%
Total Risk Assets & Cash-Backed Loan16,220,000.001,240,000.0017,460,000.00017,460,000.0000.00%00%


TREASURY MANAGEMENT REPORT

         
ROSABON FINANCIAL SERVICESLIABILITY GENERATION REPORT        
 WEEK20Ending18-May-24     
          
LAGOSBAL B/FINFLOWOUTFLOWNET FLOWCUM BUDGET
YEAR TO DATE		PERFORMANCE
YEAR TO DATE		PERFORMANCE
YEAR TO DATE		BUDGET VARIANCE
YEAR TO DATE		% CHANGE BETWEEN 2024 & 2023 (ACTUAL)
          
  2024202420242024202420232024 
TENOR FUND620,739,598.91175,310,000.00217,957,915.66-42,647,915.661,349,920,724.85578,091,683.25-700,102,997.08-771,829,041.60-183%
R-WIN-8,096,276.821,185,000.001,242,971.79-57,971.7928,721,717.55-8,154,248.61-11,205,334.19-36,875,966.16-27%
REAP PRODUCT7,085,150.841,460,000.002,232,881.20-772,881.2057,443,435.106,312,269.64641,182.55-51,131,165.46884%
RBIP        -
TOTAL619,728,472.93177,955,000.00221,433,768.65-43,478,768.651,436,085,877.50576,249,704.28-710,667,148.72-859,836,173.22-181%
          
ABUJA         
TENOR FUND57,183,478.09 500,000.00-500,000.00750,949,277.4056,683,478.09-15,396,586.01-694,265,799.31-468%
R-WIN-  -15,977,644.20---15,977,644.20-
REAP PRODUCT-2,043,247.61  -31,955,288.40-2,043,247.6178,316.39-33,998,536.01-2709%
TOTAL55,140,230.48-500,000.00-500,000.00798,882,210.0054,640,230.48-15,318,269.62-744,241,979.52-457%
          
WARRI         
TENOR FUND --- - -0%
R-WIN --- ---0%
REAP PRODUCT --- ---0%
TOTAL -------0%
          
TOTAL674,868,703.41177,955,000.00221,933,768.65-43,978,768.652,234,968,087.50630,889,934.76-725,985,418.34--187%
          
PORT-HARCOURT         
   WEEK 20      
TENOR FUND73,654,258.4981,500,000.0065,431,527.5116,068,472.49879,087,447.7589,722,730.98350,433,640.34-789,364,716.77-74%
R-WIN-1,903,457.29  -18,703,988.25-1,903,457.29575,000.00-20,607,445.54-431%
REAP PRODUCT1,392,513.9555,000.00 55,000.0037,407,976.501,447,513.952,403,705.27-35,960,462.55-40%
          
 73,143,315.1581,555,000.0065,431,527.5116,123,472.49935,199,412.5089,266,787.64353,412,345.61-845,932,624.86-75%
          
          
CONSOLIDATEDBAL B/FINFLOWOUTFLOWNET FLOWCUM BUDGET
YEAR TO DATE		PERFORMANCE
YEAR TO DATE		PERFORMANCE
YEAR TO DATE		BUDGET VARIANCE
YEAR TO DATE		% CHANGE BETWEEN 2023 & 2022 (ACTUAL)
TENOR FUND751,577,335.49256,810,000.00283,889,443.17-27,079,443.172,979,957,450.00724,497,892.32-365,065,942.75-2,255,459,557.68-298%
R-WIN-9,999,734.111,185,000.001,242,971.79-57,971.7963,403,350.00-10,057,705.90-10,630,334.19-73,461,055.90-5%
REAP PRODUCT6,434,417.181,515,000.002,232,881.20-717,881.20126,806,700.005,716,535.983,123,204.21-121,090,164.0283%
RBIP-   --  0%
 748,012,018.56259,510,000.00287,365,296.16-27,855,296.163,170,167,500.00720,156,722.40-372,573,072.73-2,450,010,777.60-293%

 

MEETING ADJOURNMENT
Godfrey Egbuokporo seconded by Aja Iji adjourned the meeting


Adetayo Olukoga said the closing prayers

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