Fidelity Financial Review & Guidance
Overview
Operating Environment Financial Review Guidance
CAR stood at 20.1%, well above the regulatory minimum requirement of 15.0%
Capital Adequacy Ratio Computation - Basel II
Capital Adequacy Ratio Trend
N'billion
N'billion
2020FY
2021FY
VAR
297.8
273.5
264.4
273.4
282.7
Tier 1 Capital
224.3
252.5
28.3
20.1%
18.2%
Regulatory Adjustment
(20.2)
(21.1)
18.2%
18.4%
18.8%
0.9
Adjusted Tier 1 Capital
204.1
231.5
27.4
15.0%
15.0%
15.0%
15.0%
15.0%
Tier 2 Capital
39.6
75.6
36.0
2020FY
Q1 2021
Total Qualified Capital
243.7
307.1
63.4
Total Equity
H1 2021
Fidelity CAR
9M 2021
2021FY
Regulatory Minimum
Credit Risk
Market Risk
Operational Risk
Risk Weighted Assets
1,048.3
1,230.4
182.0
87.6
86.4
(1.3)
204.3
210.0
5.7
1,340.2
1,526.7
186.5
Capital Adequacy Ratio
Tier 1
15.2%
15.2%
Tier 2
3.0%
5.0%
Overall CAR
18.2%
20.1%
Capitalization of profit led to the increase in CAR to 20.1%
from 18.8% in 9M 2021 (2020FY: 18.2%).
Excluding the regulatory adjustment, CAR would have
come in at 21.5%.
Only our 10-Yr N41.2bn Junior Notes due 2031 qualified as
Tier II Capital and included in the computation of CAR.
27
22View entire presentation