Equity-Bank-Annual-Report-2018.pdf - Equity Group Holdings...

This preview shows page 1 - 4 out of 256 pages.

I N T E G R A T E D R E P O R T A N D F I N A N C I A L S T A T E M E N T S 2018
2 F O R T H E Y E A R E N D E D 3 1 D E C E M B E R 2 0 1 8 Equity Group Holdings Plc and Subsidiaries Integrated Report & Financial Statements A B O U T T H I S R E P O R T The transparent dialogue has always been an important pillar of our strategy. For this reason, we have always sought a continuous relationship with our stakeholders, guided by ethics and our social responsibility, to transform people’s lives. The integrated report is an important tool to exercise the transparent dialogue with our stakeholders. We use the integrated report to respond or demonstrate to our financial capital providers how we create and share value on a sustainable basis. This report presents the progress of business towards the vision of being the leading bank in sustainable performance and customer satisfaction. It is the summary of our strategies, our business, products and services, particularly of the way we generate value in the short, medium and long terms. This report covers the financial year from 1 st January to 31 st December, 2018. The financial information presented is prepared in line with the International Financial Reporting Standards (IFRS), while non- financial information is presented in accordance with the guidelines on the International Integrated Reporting Council’s (IIRC’s) and International Integrated Reporting Framework (IIRF). KEY CONCEPTS Defining Value Value creation is the consequence of how we apply and leverage our capital in delivering financial performance (outcomes) and value (outcomes and outputs) for all stakeholders while making trade- offs. Our value-creation process is embedded in our vision, described as part of our business model and integrated into the way we think and make decisions. Materiality and Material Matters We apply the principle of materiality in assessing what information is to be included in our integrated report. This report focuses particularly on those issues, opportunities and challenges that impact materially on Equity Group Holdings Plc (“Equity Group” or “Group”) and its ability to be a sustainable business that consistently delivers value to shareholders and our key stakeholders. Our material matters, influence our Group’s strategy and inform the content in this report. The Capitals Our relevance as a Group today and in the future, and our ability to create long-term value is interrelated and fundamentally dependent on the forms of capital available to us (inputs), how we use these (value- adding activities), our impact on them and the value we deliver (outputs and outcomes).
3 F O R T H E Y E A R E N D E D 3 1 D E C E M B E R 2 0 1 8 Equity Group Holdings Plc and Subsidiaries Integrated Report & Financial Statements C O N T E N T S Who We Are About Us Group Structure Business Validation Notice of AGM Key Group Highlights Message from the Chairman Tribute to the founding Chairman Statement of the Group Managing Director and CEO Group Board of Directors Group Executive Management

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture