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ACHIEVEMENTS

 

Our Vision

"To be a key stabilizing and re-vitalizing tool in the Nigerian economy."

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Achievements

Loans purchased from various Eligible Financial Institutions (EFIs)

AMCON has acquired the Eligible Bank Assets (EBAs) or Non-performing Loans (NPLs) of various Eligible Financial Institutions (EFIs) in three different phases/ tranches. The top 5 EFIs represent 58.18% of all purchased EBAs. The table below summarizes the corporation's position by institution:

Eligible Financial Institutions

Number of Loans

Percentage of AMCON Portfolios

Intercontinental Bank

1,735

14.62%

Oceanic Bank

783

11.58%

Union Bank

393

11.43%

Main Street Bank

503

11.40%

Keystone Bank

740

9.15%

UBA

3,326

5.80%

First Bank

289

5.21%

Finbank

782

4.04%

Enterprise Bank

1,062

3.59%

FCMB

575

2.94%

Skye Bank

158

2.62%

Zenith Bank

18

2.42%

Unity Bank

937

2.28%

GTB

88

2.25%

Diamond Bank

83

2.13%

Ecobank

155

2.07%

Fidelity Bank

271

1.75%

Access Bank

43

1.63%

Sterling Bank

176

1.22%

Wema Bank

237

1.13%

ETB

171

0.59%

Stanbic IBTC

12

0.13%

Total

12,537

100%

LOAN DISTRIBUTION

The Loan Management Team classifies loans based on their size; Small (N100m and below), Medium (Between N100m and N1b), Large (Between N1b and N10b and Strategic (Over N10b). The Loan distribution Table shows that Strategic Loans make up the greatest percentage (40%) of AMCON's portfolio.

 

Loan Distribution

Percentage of AMCON Portfolio

Number of Loan

Over N10b

40%

62

Between N1b and N10b

37%

431

Between N100m and N1b

16%

1,998

Between N100m and below

7%

10,046

Total

100%

12,537

 

 

TOP 5 SECTORS OF ALL PURCHASED EBAs

Table 2 shows a breakdown of the top five sectors in which the EBAs originate from. They represent 75.35% off all EBAs purchased.

 

Sector

Percentage of AMCON Portfolio

Oil and Gas

27.23%

General Commerce

18.49%

Capital Market

17.93%

Manufacturing

6.24%

Finance and Insurance

5.47%

 

ASSET CLASSIFICATION

The table below represents AMCON's Asset Classification of the underlying assets used to secure loans bought from EFIs.

 

Asset Classification

Percentage of AMCON Portfolio

Number of Loans

Combination of Assets

13%

103

Debentures

15%

295

Mortgage

20%

2,096

Others

6%

795

Shares

22%

4,105

Shares & Mortgage

4%

20

Unsecured

22%

5,123

Total

100%

12,537

 

  

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