COVID-19 Impact and Financial Review
Capital Adequacy
Fidelity CAR is currently at 18.8% which is well above the
regulatory minimum requirement of 15.0%.
► Regulatory adjustment increased to N14.6bn due to the
impact of currency adjustments, though it dropped by
4.7% QoQ.
▸ Excluding the regulatory adjustment, CAR would have
come in at 20.0%.
► Tier 1 CAR is now 15.6% and only 20.0% (N6.0bn) of our
N30.0bn local bond is recognized in Tier II Capital.
-
Capital Adequacy Ratio Computation – Basel II
N'billion
2019FY
H1 2020
VAR
Tier 1 Capital
191.7
204.4
12.7
Regulatory Adjustment
(10.6)
(14.6)
4.0
Adjusted Tier 1 Capital
181.1
189.8
8.7
Tier 2 Capital
33.0
38.1
5.1
Total Qualified Capital
214.1
227.9
13.8
Capital Adequacy Ratio
Credit Risk
920.6
959.4
38.8
N'billion
% Ratio
Market Risk
64.2
69.4
5.2
250.7
234.0
242.4
Operational Risk
185.8
185.8
0.0
215.6
221.7
17.0%
18.3%
18.8%
Risk Weighted Assets
1,170.7
1,214.6
43.9
17.7%
16.4%
15.0%
15.0%
15.0%
15.0%
15.0%
Capital Adequacy Ratio
Tier 1
15.5%
15.6%
H1 2019
9M 2019
2019FY
Q1 2020
H1 2020
Tier 2
2.8%
3.1%
Overall CAR
18.3%
18.8%
Total Equity
- Fidelity CAR
-Regulatory Minimum
34
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