Wednesday, Aug 31, 2016

Skye Bank Plc

Key Annual Results for Skye Bank Plc


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Company Details

Name Skye Bank Plc
Other Name(s) SkyeBank Plc
Previous Name(s)
Number of Employees 2,804
Nature of Business Skye Bank, a merger of former Prudent Bank, EIB International Bank, Bond Bank, Reliance Bank and Cooperative Bank commen ced operations under the new identity in January 2006 subsequent to the completion of the various legal and regulato r y p rocesses required to consummate a valid merger.

As at January 1, 2006, Skye bank�s shareholder�s Fund stood at o ve r N34bn and this puts the bank amongst the first top five banks in Nigeria, measured by level of Shareholder�s fu nds . W ith this level of capitalization, the bank is better positioned to conduct its business and deliver value t o al l st akeh olde rs.

The bank also has a deposit base in excess of N71bn and a Balance Sheet size of over N114bn while the branc h net work is currently spread over 160 locations across the major cities and local government areas o f the countr y. A f ew mor e branches are in various stages of opening at various locations and the Bank is constantly looking out fo r more outlets in strategic locations across the country.

Skye Bank is owned by a diverse number o f instit utional and indi vidual i nvestors and the shares are quoted on the Nigerian Stock Exchange.


Other Equity Listing by Skye Bank Plc

Name Ticker Exch Ctry ISIN Crncy Price Chg % Chg Date

Major Shareholder (> 5% Holdings)

Name Country Shares % Holding Website

Significant Subsidiaries and Associates

Name Country % Holding Website
Skye Mortgage Bankers Ltd Nigeria 100.00%  
Skye Stockbrokers Limited (formerly PSL Stockbrokers Ltd) Nigeria 100.00% www.skyestockbrokers.com 
Law Union and Rock Insurance plc Nigeria 51.95% www.lawunioninsurance.com 
Apex Integrated Technologies Limited Nigeria 100.00%  
Skye Trustees Limited Nigeria 100.00% www.skyetrustees.com 
Skye Financial Services Limited Nigeria 100.00%  
Skye Bank Sierra Leone Limited Sierra Leone 100.00% www.skyebanksl.com 
Skye Bank (Gambia) Limited Gambia 100.00% www.skyebankgm.com 
Skye Xchange (BDC) Limited Nigeria 100.00%  
Skye Resources Limited Nigeria 100.00%  

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Key Numbers
Fiscal Year EndDecember 31st
2014 Sales in millions (1 Year Sales Growth) -- (--)
2014 Net Income in millions (1 Year Net Income Growth) -- (--)

Annual Income Summary (in millions except EPS and DPS data)
  -- Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Sales -- 92,170.00 71,200.00 69,845.00
Gross Profit -- 92,170.00 71,200.00 69,845.00
Pre-Tax Income -- 9,741.00 15,758.00 16,512.00
Net Income -- 9,741.00 12,644.00 13,398.00
Average Shares -- -- -- 13,219.00
EPS -- 0.75 0.95 1.01
DPS -- -- -- 0.50

Quarterly Income Summary (in millions except EPS and DPS data)
  -- -- -- --
Sales -- -- -- --
Gross Profit -- -- -- --
Pre-Tax Income -- -- -- --
Net Income -- -- -- --
Average Shares -- -- -- --
EPS -- -- -- --
DPS -- -- -- --

Annual Balance Sheet Summary (in millions)
-- Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Cash & Equivalents -- -- -- --
Total Current Assets -- -- -- --
Long Term Debt -- -- -- --
Total Liabilities -- -- -- --
Share Holder Equity -- -- -- --

Annual Cash Flow Summary (in millions)
-- Dec 31, 2014 Dec 31, 2013 Dec 31, 2012
Net Cash from Operations -- -77,023.00 92,612.00 41,794.00
Net Cash from Investing -- 27,711.00 -37,432.00 -60,231.00
Net Cash from Financing -- -22,986.00 15,867.00 25,655.00
Net Increase/Decrease in Cash -- -72,298.00 71,047.00 7,218.00

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