Fidelity Bank Financial Overview

Cost Optimization Impact in Q4 2016 N'billion 3.73 Key Cost Drivers in 2016FY: YoY Actual Cost Increase 0.32 0.24 0.17 0.11 0.11 0.11 0.09 0.06 0.05 Branding & Depreciation Advert Energy Cost Consultancy Regulatory Cost Staff Cost (Electricity & expenses Diesel) Repairs and Travelling and maintenance accomodation Telephone expenses Security expenses N'billion Cost Optimization Impact in Q4 2016 : QoQ Actual Cost Increase / (Decrease) 2.68 0.09 0.08 0.07 0.07 0.05 0.05 0.04 0.02 0.01 Staff Cost Training expenses Repairs & Maint. Consultancy expenses Energy (Electricity & Diesel) Travelling and Security accomodation expenses Directors' emoluments Cash movement expenses Insurance expenses Branding and advert cost increased by 63.9% YoY (N3.7bn), however, it dropped by 7.7% QoQ as the bank moderates its spend on the retail and SME markets. We expect this cost line to significantly decline in the 2017FY. 24 www.fidelitybank.ng

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