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Oceanic Bank International Plc
Oceanic Bank International Plc (Exchange: NSE Ticker: OCEANIC)
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Company Quote
Trade Date 08 Sep, 2010 Currency NGN (NIARA)
Last Trade 1.41 volume 2,033,283
Net Change -0.07 Value 2,872,936.56
% Change -4.73 Issued Shares 22,221,369,213
Open 1.43 Market Cap. 31,332,130,590.33
Today's High 1.43 Bid N/A
Today's Low 1.41 Ask N/A

Company Profile
Name Oceanic Bank International Plc Website www.oceanicbanknigeria.com
Security Type Ordinary Phone +234-9-5236085, 5237997, 5236388,
Ticker OCEANIC Fax +234-1-2705066
Reuters Code Email info@oceanicbanknigeria.com
ISIN NGOCEANIC002 Address Herbert Macaulay Way
Number of Employees 3,743 se Zone 6
Year Listed 2004 Abuja, Nigeria
Nature of Business Oceanic Bank was incorporated on March 26,1990 as a private limited liability company with 100% equity ownership by Nigerian citizens, and licensed on April 10, 1990 to carry on commercial banking. The Bank commenced business on June 12, 1990 at the Waterfront Plaza, Plot 270, Ozumba Mbadiwe Avenue, Victoria Island, Lagos. It was listed on the Nigerian Stock Exchange on June 25, 2004. At present, its authorized capital is N10 billion.

Oceanic Bank International Plc, therefore, is a fifteen year old commercial bank with business offices located in several parts of Nigeria.

The Bank is one of the largest in Nigeria. The Banks financial year runs from October 1 to September 30 of the subsequent year. Oceanic bank's impressive performance over the years accounts for the quality of its customer portfolio which includes Corporate Orgnisations, High Net-worth Individuals, the Federal Government and some State Governments. To enhance response time, relationship management units have been structured as follows:

Key Numbers
Fiscal Year End 31st December
2009 Sales in millions (1 Year Sales Growth) -- (--)
2009 Net Income in millions (1 Year Net Income Growth) -- (--)

Annual Income Summary (in millions except EPS and DPS data)
-- -- September 30, 2007 September 30, 2006
Sales -- -- 57,155.08 32,092.04
Gross Profit -- -- 57,155.08 32,092.04
Pre-Tax Income -- -- 23,007.15 11,360.48
Net Income -- -- 17,537.24 9,299.42
Average Shares -- -- 11,642.01 9,313.61
EPS -- -- 1.51 1.00
DPS -- -- 1.02 0.42

Quarterly Income Summary (in millions except EPS and DPS data)
March 31, 2010 -- -- --
Sales 12,357.71 -- -- --
Gross Profit 12,357.71 -- -- --
Pre-Tax Income 2,561.42 -- -- --
Net Income 1,676.94 -- -- --
Average Shares 22,221.37 -- -- --
EPS 0.08 -- -- --
DPS -- -- -- --

Annual Balance Sheet Summary (in millions)
-- -- September 30, 2007 September 30, 2006
Cash & Equivalents -- -- -- 220,667.26
Total Current Assets -- -- -- 321,965.38
Long Term Debt -- -- -- --
Total Liabilities -- -- -- 333,916.53
Share Holder Equity -- -- -- 37,670.16

Annual Cash Flow Summary (in millions)
-- -- September 30, 2007 September 30, 2006
Net Cash from Operations -- -- 187,813.38 127,807.25
Net Cash from Investing -- -- -29,941.10 -20,731.89
Net Cash from Financing -- -- 189,131.22 -2,980.35
Net Increase/Decrease in Cash -- -- 347,003.50 104,095.01

Latest Company News
No Company News at this time.

Latest Company Press Releases
Oceanic Bank plans N56bn public offering
Oceanic Bank International Plc - 14 Feb, 2007
The Nigerian Stock Exchange on Wednesday put a hold on the movement in the share price of Oceanic Bank International Plc. The technical suspension followed the receipt of an application from the bank to raise fresh funds from the market. A technical suspension is usually placed on the shares of a company planning to access the market for fresh funds.

Company Market Announcements
No Company Market Announcements at this time.

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