Fidelity Bank Financial Overview

Financial Highlights Summary of Income Statement: 2015 FY VS 2016 FY N'million 2015 FY 2016 FY VAR % VAR Gross Earnings 146,948 152,021 5,073 3.5% Interest Income Loans 84,833 92,715 7,882 9.3% Interest Income Liquid Assets 36,325 30,438 (5,887) -16.2% Total Interest Income 121,158 123,153 1,995 1.6% Interest Expense Customer Deposits (52,325) (45,475) 6,850 -13.1% Interest Expense Borrowings (7,969) (15,750) (7,781) 97.6% Total Interest Expense (60,294) (61,225) (931) 1.5% Net Interest Income FX Income E-banking Income Other Fee Income (Net) Net Fee Income Operating Income 60,864 61,928 1,064 1.7% 7,578 9,434 1,856 24.5% 7,566 10,690 3,124 41.3% 8,235 5,506 (2,729) -33.1% 23,379 25,630 2,251 9.6% 84,243 87,558 3,315 3.9% Total Expenses (64,164) (67,201) (3,037) 4.7% Net gains/(losses) from Fin. Inst (291) (625) (334) 114.8% Net Impairment Losses (5,764) (8,671) (2,907) 50.4% Profit Before Tax 14,024 11,061 (2,963) -21.1% Please note: Gross earnings was calculated based on total fees & commission income www.fidelitybank.ng 12

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